EU gas system adjusts to curb dependence on Russian flows
(Montel) Europe’s gas supply system is gradually adjusting to a market of decreasing reliance on Russia amid east-bound…
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Showing 9692 of 20177 articles
Fingrid plans new cross-border links to Sweden and Estonia
(Montel) Finnish TSO Fingrid is planning to build new cross-border connections to Sweden and Estonia in the early…
Read moreGermany’s days of cheap gas are over – official
(Montel) Germany will never see a return to cheap natural gas even after Russia’s war in Ukraine…
Read moreNordic Q3 power marks fresh record high on gas "fear factor"
(Montel) Nordic power futures jumped near EUR 4 on Wednesday, with Q3 hitting a fresh record high amid…
Read moreGerman power Cal 23 hits record with gas price jump
(Montel) Contracts along the German power curve rose on Wednesday amid a surge in gas prices after the…
Read moreTTF gas front month gains EUR 7 amid oil sanction plan
(Montel) European gas front-month contracts extended gains on Wednesday following the EU’s proposed crude oil ban, while declining…
Read moreAdriatic LNG mulls raising capacity by 22% to 11bcm in 2025
(Montel) Italy’s Adriatic LNG terminal is assessing a potential 22% increase in annual regasification capacity to 11bcm in…
Read moreAsia-Pacific coal prices rise as China to drop import tax
(Montel) Asia-Pacific benchmark coal prices remained well supported this week amid persisting demand from European buyers seeking non-Russian…
Read moreVattenfall considers sale of Berlin heating business
(Montel) Vattenfall is considering a divestment of its heating business in Berlin as one option for the…
Read moreGas is overpriced given supply fundamentals – analysts
(Montel) European gas prices are higher than justified under current fundamentals – amid ample gas flows to the…
Read moreOil prices rise as EU weighs phased embargo on Russian oil
(Montel) Oil prices rose early on Wednesday as the EU looked set to impose a phased embargo on…
Read moreEquinor gas sales rise 6% in Q1 amid record profits
(Montel) Norwegian oil and gas major Equinor sold 16.5bcm gas in the first quarter, up 0.9bcm year on…
Read moreEC aims to ban Russian crude imports within 6 months
(Montel) The European Commission will propose to end Russian crude oil imports to the EU within six months…
Read moreGerman spot power eases slightly with more wind
(Montel) German day-ahead power prices looked set to ease slightly on Wednesday as a rise in wind…
Read moreEDF Trading posts 39% rise in revenue on soaring prices
(Montel) EDF’s trading arm saw its first-quarter revenue soar 39% year on year to EUR 563m amid…
Read moreNew LNG terminals unnecessary for Russian gas exit – study
(Montel) Europe can dispense with Russian gas imports by 2025 without new or revived plans for LNG…
Read moreItaly raises windfall tax to 25% to fund energy package
(Montel) The Italian government has raised a windfall tax on some energy companies to 25% from the previously…
Read moreCarbon, coal lead energy gains
(Montel) European carbon prices looked set to end the session 6% higher on Tuesday following a strong…
Read moreEuropean LNG imports fall 4.8% in April
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 4.8% month on month in April to near…
Read moreSupply chains can meet clean energy goals – Rystad
(Montel) Global supply chains – roiled by a pandemic and war – were still poised to deliver…
Read moreNordic futures jump 5% as spot hits year high
(Montel) Nordic power futures soared on Tuesday afternoon following the highest system price since 22 December, exacerbated…
Read moreItaly needs 6 months of Russian gas to refill stocks
(Montel) Italy would need an additional six months of Russian gas imports to refill its stock up to…
Read moreIberian gas cap will not stop green investment – Galp
(Montel) Power prices in Iberia will remain "very attractive" for green projects from Portuguese firm Galp, despite…
Read moreInvestment key to creating hydrogen market – Vattenfall
(Montel) The creation of liquidity in the European hydrogen market relies on attracting investment to a sector still…
Read moreGerman power curve recovers on gas, carbon boost
(Montel) The German power curve bounced back on Tuesday from losses, supported by renewed strength in the gas…
Read moreEU must expand gas interconnectors with LNG growth – traders
(Montel) Increased gas interconnector capacity, in tandem with LNG import facilities, is required for landlocked European countries to…
Read moreIberian intervention “jeopardises power market” – Efet
(Montel) The plan to set a cap on Iberian gas prices for power generation “jeopardises the future” of…
Read moreLNG Weekly – European LNG imports fall 16%
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 16% last week to almost 2.6bcm, although another…
Read moreGas prices flat as robust flows offset Russia concerns
(Montel) European gas prices were range-bound on Tuesday, as a potential impact on supplies from fresh pressure on…
Read moreEU can virtually end Russian gas imports by 2027 – analyst
(Montel) Europe will only see a meaningful decline in Russian gas imports from mid-decade due to limited alternatives…
Read moreUniper’s trading unit hit by EUR 618m loss amid war fallout
(Montel) Uniper’s trading unit Global Commodities suffered a EUR 618m loss in earnings in the first quarter, the…
Read moreItaly plans green growth, energy rationing to nix Russia gas
(Montel) Italy is planning to accelerate the deployment of renewable energy, while also limiting heating and cooling in…
Read moreOil trades flat but EU Russian crude ban looms
(Montel) Oil was trading flat on Tuesday but a potential EU ban of Russian crude imports was set…
Read moreRegulators urge caution on binding gas stock level rules
(Montel) Energy regulators want policymakers to ensure any binding gas storage level rules to mitigate potential supply threats…
Read moreBP posts USD 20bn Q1 loss on Russian exit
(Montel) UK energy giant BP was hit by a USD 20bn loss in the first quarter due to…
Read moreGazprom gas exports to Europe fall 27% in Jan-April
(Montel) Gazprom's gas exports to Europe dived 27% in the first four months of the year, the Russian…
Read moreRosatom slams Finnish decision to stop reactor plans
(Montel) Russian nuclear power supplier Rosatom has criticised Finnish consortium Fennovoima’s termination of a reactor supply contract and…
Read morePoland appeals for EU unity on rejecting ruble gas payments
(Montel) Poland will appeal to other countries not to accede to Russian demands to convert their euro or…
Read moreFrance’s Engie to import 1.75 Mt/year of LNG from Texas
(Montel) France’s Engie plans to buy 1.75 million tons per year (Mtpa) of LNG during 15 years…
Read moreGermany looks to neighbours to tackle winter supply crunch
(Montel) Germany TSOs are seeking 1.4 GW of extra power capacity from neighbouring countries in a bid to…
Read moreFortum books EUR 2bn impairments on Russia operations in Q1
(Montel) Finnish energy group Fortum has booked pre-tax impairments of around EUR 2.1bn related to its Russian operations…
Read moreOil prices slip on China slowdown concerns
(Montel) Crude oil prices traded lower on Monday, as concerns of slowing economic growth in China outweighed fears…
Read moreCutting Russian gas to 10% requires "major effort" – Habeck
(Montel) Germany has already started to cut back on Russian gas imports but a further reduction to 10%…
Read moreGas begins to flow on 2.4bcm Poland-Lithuania link
(Montel) Gas has begun to flow on the 2.4bcm GIPL pipeline connecting Poland to Lithuania, Poland's climate minister…
Read moreNordic June and Q3 power fall on warmer weather outlook
(Montel) The Nordic June and Q3 power contracts fell largely on the back of warmer weather forecasts on…
Read moreSpanish power to drop as market awaits gas cap
(Montel) Spanish spot power prices looked poised to fall this week amid higher wind and nuclear supply,…
Read moreGerman power curve prices drop amid weaker gas
(Montel) German power fell on Monday along with weaker gas prices and more renewables output, but risks remain…
Read moreFennovoima reactor plan still alive – CEO
(Montel) Finland’s Fennovoima has yet to definitively axe its plan to build a nuclear plant, though it has…
Read moreFennovoima severs 1.2 GW reactor contract with Rosatom
(Montel) Finnish nuclear developer Fennovoima has terminated its contract for the supply of a 1.2 GW reactor with…
Read moreGERMAN – Spot to edge down on higher wind output
(Montel) German day-ahead power prices look set to ease around EUR 3 on Monday as forecasts indicated rising…
Read moreVattenfall to adjust hedging strategy following losses
(Montel) Vattenfall will adopt a new price hedging strategy with more exposure to spot prices because it reckons…
Read moreEDF issues 24-hour strike warning from 21:00 CET
(Montel) EDF issued a “strike notice” on Monday warning of 24 hours of industrial action.…
Read moreEni has not opened a ruble bank account – CFO
(Montel) Italian energy company Eni has not opened a ruble bank account and continues to assess the situation…
Read moreVattenfall’s Q1 trading results plunge 98%
(Montel) Vattenfall on Friday reported a 98% year-on-year drop in first-quarter operating profit from trading operations to SEK…
Read moreGerman front-month power eases with warmer outlook
(Montel) German front-month power prices retreated on Friday with expectations of warmer weather but ongoing concerns about Russian…
Read moreGas curve inches down amid steady Russian flows
(Montel) TTF gas curve prices inched down on Friday, as the market awaited new signals amid stable…
Read moreOMV seeks “solutions” to continue buying Russian gas
(Montel) Austrian energy firm OMV is “developing solutions” in order to meet EU sanctions so it can continue…
Read moreCarbon to remain volatile, sensitive to gas markets
(Montel) European carbon prices were rising on Friday and recovering some of the losses seen earlier in the…
Read moreBulgaria uses EU resources to react to Russian gas cuts
(Montel) Bulgaria will use the European Commission’s help to react to Russia’s gas supply cuts, starting with a…
Read moreOrsted posts EUR 215m hedging loss due to project delay
(Montel) Danish energy group Orsted posted a DKK 1.6bn (EUR 215m) loss from hedging in the first quarter…
Read moreOrsted rejects call to pay for Russian gas in rubles
(Montel) Danish energy group Orsted reiterated on Friday it has no plans to pay for Russian gas in…
Read moreNordic power market drifts sideways on mixed signals
(Montel) Nordic May and Q3 power rose on Friday, after trading down earlier in the session in line…
Read moreGerman spot power to drop EUR 16 as green output rises
(Montel) German spot power prices looked set to drop around EUR 16 next week amid expectations of…
Read moreEni’s Q1 gas output drops 2% but gas sales, earnings jump
(Montel) Italian energy firm Eni’s global gas production fell 2% year on year to 4,638m cubic feet/day (48bcm/year)…
Read moreAcer defends power market design, targets gas price
(Montel) The EU’s power market works well and governments should focus on tackling the current “exceptional” high gas…
Read moreGreenvolt signs 15-year PPA with T-Mobile in Poland
(Montel) Portuguese renewable energy firm Greenvolt has signed a 15-year green power purchase agreement (PPA) with telecoms…
Read moreEU LNG discount to TTF gas at widest in 2 years
(Montel) LNG prices to the EU are at the widest discount in at least two years – near…
Read moreGermany to scrap EEG green power levy from July
(Montel) Germany will scrap its green power levy from July in a bid to reduce electricity costs for…
Read moreCrude prices rise on potential EU embargo of Russia oil
(Montel) Crude oil was higher early on Friday, as market participants considered the possibility of EU sanctions…
Read moreCarbon gains on strong technical support
(Montel) European carbon prices gained slightly on Thursday on strong technical support and compliance-buying.…
Read moreTwo-step Russian gas payments breach EU sanctions – EC
(Montel) Paying for Russian gas supplies in a two-step process involving converting euros or dollars to rubles to…
Read moreTotalEnergies earnings triple to EUR 9bn on record LNG sales
(Montel) French energy company TotalEnergies saw its Q1 adjusted net income triple year on year to EUR 9bn…
Read moreRepsol’s green plans on track despite higher costs – CEO
(Montel) Increasing material costs for renewables projects will not derail Repsol’s green developments, as higher prices from power…
Read moreGas prices decline amid less fear of Russia supply cuts
(Montel) European gas contracts declined on Thursday, as the market “sobered up” in the wake of Russia’s…
Read moreGas prices could rise 50% on full Russia stop – Rystad
(Montel) European gas prices could rise by more than 50% from current levels just above EUR 100/MWh if…
Read moreSwiss MET buys 263 MW solar portfolio in Italy and Spain
(Montel) Swiss energy firm MET Group has expanded its European renewable energy portfolio by buying 213 MW…
Read moreRussia’s gas stoppages aimed at “soft targets” – analysts
(Montel) Russia’s decision to halt gas exports to Poland and Bulgaria has spooked market participants although both destinations…
Read moreSwedish regulator refers 70% capacity exemption to Acer
(Montel) The Swedish energy regulator believes TSO Svenska Kraftnat should be given an exemption to EU rules on…
Read moreWintershall Dea maintains Russian ventures despite losses
(Montel) German oil and gas company Wintershall Dea will maintain its joint ventures in Russia to ensure European…
Read moreSwedish, Finnish TSOs plan 65 TWh/year hydrogen pipeline
(Montel) The gas TSOs in Sweden and Finland plan to build a 1,000km hydrogen pipeline that could handle…
Read moreGlencore raises coal output 16% in Q1
(Montel) Anglo-Swiss trading and mining firm Glencore raised coal production by 4m tonnes – or 16% – in…
Read moreItalian battery market needs regulatory overhaul – experts
(Montel) An overhaul in the regulatory framework for battery storage will be key to unleashing the full potential…
Read moreAlgeria warns Spain against diverting gas to Morocco
(Montel) A redirection of Algerian gas volumes contracted by Spain to third parties could mean a breach of…
Read moreTotalEnergies books USD 4.1bn charge on Arctic LNG 2
(Montel) TotalEnergies booked a USD 4.1bn impairment charge in the first quarter on its Arctic LNG 2…
Read moreRussian gas sales to EU jump 20% since war – report
(Montel) Russia’s revenue from gas, coal and oil exports has soared to EUR 63bn since its invasion of…
Read moreSpanish power forwards drop to EUR 150 on gas cap
(Montel) Spanish power futures dropped as much as EUR 50 on Wednesday to around EUR 150/MWh, which traders…
Read moreAustria aims to end Russian gas imports by 2027
(Montel) Austria aims to end Russian gas deliveries by 2027, energy minister Leonore Gewessler said on Wednesday.…
Read moreRussian gas stop would cause German “recession” – Habeck
(Montel) A halt to Russian gas imports to Germany would drive the country’s “economy into a recession”, German…
Read morePoland, Bulgaria receiving gas from EU neighbours
(Montel) Poland and Bulgaria are receiving gas supplies from its EU neighbours, the European Commission said on Wednesday. …
Read moreGerman companies will pay Russian gas in euros – ministry
(Montel) German gas importers will continue to pay their Russian deliveries in euros, not rubles, said a government…
Read moreEU gas storage injections poised to spike – experts
(Montel) European gas storage injections could jump on Thursday, even as spot prices soar, as shippers race to…
Read moreIberian gas price cap “not justified” – Iberdrola CEO
(Montel) The EUR 50/MWh cap on power-generation gas agreed by Spain, Portugal and Brussels “is not justified”,…
Read moreItaly “playing trader” in state-backed PPA move – expert
(Montel) A measure put in place by the Italian government to offer electricity prices to consumers through long-term…
Read moreGerman power jumps EUR 40 as Russia turns off taps
(Montel) German front-month power jumped up to EUR 43 on Wednesday in the wake of Russia’s halt of…
Read moreGerman ministry “concerned” over Russia gas supply cut
(Montel) Germany’s economy ministry was “concerned” about Russia’s move to cut gas deliveries to Poland and Bulgaria…
Read moreUniper hopes to resolve ruble issue with Gazprom
(Montel) German utility Uniper still hopes to resolve ruble payment issues with Russian gas giant Gazprom despite Russia’s…
Read moreRussia stops gas flows to Poland, Bulgaria – Gazprom
(Montel) Russia halted gas exports to Poland and Bulgaria early on Wednesday, and reduced transit volumes to…
Read moreGas prices spike as Russia cuts off Poland, Bulgaria
(Montel) European gas prices spiked more than EUR 20 in early Wednesday trading as Russia’s decision to halt…
Read moreNordic power futures jump 5% on Russian gas cuts
(Montel) Nordic power futures rose 5% on Wednesday after cuts in Russian gas supplies to some European countries…
Read moreEU plans coordinated response to Russian gas cuts – EC
(Montel) The EU is working on a coordinated response to a decision by Russia’s Gazprom to cut gas…
Read moreGerman spot power to jump 10% on gas price surge
(Montel) German day-ahead power prices looked set to gain more than 10% on Wednesday, as spot gas…
Read moreDutch floating LNG facility gets EUR 160m guarantee
(Montel) The Dutch government has agreed to support Gasunie’s charter of a floating LNG terminal with a EUR…
Read moreOil prices rise as Russian geopolitical tensions escalate
(Montel) Oil prices rose early on Wednesday amid rising geopolitical tensions related to Russia’s war on Ukraine and…
Read moreUniper books EUR 3bn net loss on Nord Stream 2, Russian unit
(Montel) German utility Uniper’s was hit by a EUR 3bn net loss in the first quarter, with its…
Read moreRussia to halt gas exports to Poland – PGNiG
(Montel) Russia will halt gas exports to Poland from Wednesday due to its decision not to pay in…
Read moreRussia to stop gas flows to Bulgaria – ministry
(Montel) Russian will halt gas exports to Bulgaria, due to its failure to pay for supplies in rubles,…
Read moreItalian grid to struggle with fast green growth – experts
(Montel) The Italian power grid may not be ready to accommodate an acceleration of new green capacity as…
Read moreSpain has 20bcm of regasification available for the EU – TSO
(Montel) Spain has around 20bcm/year of natural gas in surplus at its six regasification plants that could replace…
Read moreDenmark slams intraday plan to implement 70% rule
(Montel) The Danish utilities regulator on Tuesday criticised a proposal by EU regulatory agency Acer that would allow…
Read moreCoal prices drop 7% as stocks grow
(Montel) European coal prices dropped by nearly 7% in Tuesday trading, as growing stocks and increasingly aggressive offers…
Read moreGerman curve contracts slide EUR 5 on weaker fuels
(Montel) German power contracts slid nearly EUR 5 on Tuesday amid weaker energy prices, with the latter…
Read moreIberia and EC agree EUR 50 cap on gas for power output
(Montel) Spain and Portugal agreed with the European Commission to set a temporary Iberian price cap of…
Read moreNew UK substation to deliver 2 GW renewable energy
(Montel) National Grid’s newly connected 400 kV substation, located in southeast England, is set to deliver 2 GW…
Read more1 GW Spain-Portugal interconnector gets environmental nod
(Montel) Spain has granted an environmental permit to a new EUR 55m, 1 GW power link with…
Read moreKey ETS lawmaker sees support for higher carbon cuts
(Montel) A majority in the European Parliament’s environment committee supports higher carbon cuts for industry and power covered…
Read moreMay gas stabilises despite stocks, Russia flows rise
(Montel) The TTF gas front month was slightly higher on Tuesday after edging down earlier amid storage sites…
Read moreFinland’s TVO investigates OL3 coolant pump incident
(Montel) Finnish nuclear operator TVO is investigating why coolant pumps at the 1.6 GW Olkiluoto 3 reactor started…
Read moreEngie hedges 86% of 2022 power at EUR 67/MWh
(Montel) Engie hedged 86% of its expected nuclear and hydropower output this year in France and Belgium…
Read moreCoal plant capacity under development drops 13% in 2021
(Montel) Global coal plant capacity under development declined 13% in 2021, but significant capacity – equivalent to the…
Read moreCarbon drops 7% amid lockdown fears
(Montel) European carbon prices fell around 7% on Monday, mainly in response to weaker stock markets hit by…
Read moreEngie confirms near EUR 1bn loss from Nord Stream 2
(Montel) French utility Engie has booked a EUR 987m loss over its stake in the blocked Nord…
Read moreOil stabilises as China pledges support for economy
(Montel) Oil prices were stabilising on Tuesday, after a 4% fall yesterday, with China – the world’s second…
Read moreGerman spot power to ease EUR 5 on higher solar output
(Montel) German day-ahead power prices looked set to shed around EUR 5 as forecasts showed an increase in…
Read moreEU ETS verified emissions climb 7.3% in 2021 – EC
(Montel) Verified emissions from stationary installations – power plants and manufacturing installations – obliged to participate in the…
Read moreOil slides USD 3 as China’s Covid lockdown persists
(Montel) Oil prices fell up to USD 3 on Monday as lockdowns to help contain Covid-19 persisted in…
Read moreMacron wins election, vows to boost nuclear, renewables
(Montel) Incumbent French president Emmanuel Macron, who ran on a ticket to boost nuclear and renewable energy, was…
Read moreNew coal supply routes to take months to settle – Euracoal
(Montel) The establishment of new coal trade supply routes to Europe will still take “some months” to…
Read moreRotterdam coal imports rise 3.5% in Q1
(Montel) Europe’s largest port, Rotterdam, handled 3.9m tonnes of coal imports in the first quarter amid stronger generation…
Read moreIUK extends outage by a day, limits UK gas exports to EU
(Montel) An unplanned outage on the IUK interconnector between the UK and Belgium, which is hampering gas flows…
Read moreFirst Dutch floating LNG plant set to arrive in August – TSO
(Montel) The Netherlands will receive its first floating LNG plant, at Eemshaven in Groningen, in early August…
Read moreGerman May power edges up on gas gains, low wind
(Montel) German front-month power edged higher on Monday, boosted by a stronger gas market and low wind supply…
Read moreTTF front-month gas rises on outages, cool outlook
(Montel) The benchmark TTF front-month gas contract on the Dutch TTF hub was rising on Monday amid a…
Read moreSpain spot power to jump EUR 100 as wind wanes
(Montel) Spanish electricity spot prices could jump up to EUR 100 on average this week as wind…
Read moreMove to replace Russian supply boosts coal prices
(Montel) European coal prices would likely remain supported this week, as European generators continued to seek non-Russian material…
Read moreBelgium’s largest battery storage (100 MW) set for Q3 launch
(Montel) French battery developer Corsica Sole will begin operations at Belgium’s largest battery storage plant (100 MW)…
Read moreNordic power futures rise on cool, dry weather outlook
(Montel) Nordic power prices rose on Monday as forecasts for relatively cool and dry weather raised the prospect…
Read moreGerman spot power to rise 9% as wind output drops
(Montel) German day-ahead power prices looked set to rise around 9.4% on Monday as forecasts showed wind generation…
Read moreNord Stream 2 will never receive operational permit – Berlin
(Montel) The contested German-Russian Nord Stream 2 gas pipeline project will not receive the necessary permits to operate…
Read moreDutch to ban Russian energy imports by year end
(Montel) The Dutch government plans to ban Russian energy imports by year end due to the latter’s war…
Read moreCO2 hits 2-month high, eyes EUR 90/t
(Montel) European carbon prices hit a two-month high on Friday and neared the EUR 90/t threshold amid a…
Read moreEUAs move higher after breaking out of trading range
(Montel) European carbon prices continued climbing on Friday after breaking out of a six-week trading range earlier this…
Read moreSouth Africa coal exports to EU jump 10-fold in April
(Montel) South Africa’s coal exports to EU destinations have surged 10-fold so far this month versus the same…
Read moreGerman Cal 23 power extends record on rising carbon, gas
(Montel) The German power front-year contract rose to extend its record on Friday, supported by gains in the…
Read moreFingrid to cut Russian import capacity by 400 MW
(Montel) Finnish TSO Fingrid plans to curb power import capacity from Russia by 400 MW on a permanent…
Read moreLNG influx drives TTF premium over Spain, UK, France
(Montel) European benchmark Dutch TTF prices have risen to significant premiums versus their Spanish, UK and French counterparts,…
Read moreFrance faces choice between green or nuclear-only future
(Montel) French voters go to the polls in Sunday’s presidential election faced with a choice between more…
Read moreGas curve falls amid profit-taking, volatility
(Montel) Dutch TTF gas prices eased along the curve on Friday, as traders took profits after Thursday’s “steep”…
Read moreNordic power front rises on cold outlook, poor wind
(Montel) Nordic near-term power futures rose on Friday amid colder weather forecasts and relatively poor wind across…
Read moreSpain gas trading volumes jump 12% in 2021
(Montel) Wholesale gas volumes traded at Spain’s PVB hub jumped 11.5% year on year to a total…
Read moreFinnish power retailer posts EUR 45.5m loss on hedging
(Montel) Lumme Energia, the retail power arm of regional Finnish utility Suur-Savon Sahko, reported its loss widened to…
Read moreEngie faces near EUR 1bn loss over Nord Stream 2
(Montel) French utility Engie is set to book a EUR 987m loss from its investment in the…
Read moreGermany to see cool start to May with limited wind
(Montel) Germany was expected to see cool, dry weather to the end of April and early May, with…
Read moreEurope flow-based market coupling set for 8 June launch
(Montel) TSOs and power exchanges in 13 European countries will introduce flow-based power market coupling on 8…
Read morePGNiG’s LNG imports surge 34% in January-March
(Montel) Polish gas monopoly PGNiG imported 1.1bcm of LNG in the first quarter, a 34% jump from the…
Read moreLe Pen’s “nuclear-only strategy not viable” – Macron
(Montel) France’s presidential candidates have clashed in a live TV debate, with incumbent Emmanuel Macron slamming far-right…
Read moreGerman spot power eyes 35% rise next week as wind to plunge
(Montel) German spot power prices looked set to jump 35% next week amid expectations of plunging wind…
Read moreCrude prices fall despite ongoing supply unease
(Montel) Crude oil was lower early on Friday despite persistent supply worries due to the war in…
Read moreNordic TSOs complete simulation to improve power market
(Montel) The Nordic TSOs have finalised a nodal power price simulation for 2025 which aims to alleviate…
Read moreCoal, gas continue rise on supply fears
(Montel) European coal and gas prices were rising on Thursday amid concerns around Russian energy supply disruptions amid…
Read moreKorea's KHNP offers to build Poland’s first reactor by 2033
(Montel) Korea Hydro & Nuclear Power (KHNP) has offered to build 8.4 GW of nuclear power in Poland,…
Read moreSpain hopes to launch LNG re-export facility this year
(Montel) Spain’s government is hoping to launch the idled El Musel LNG facility this year to help…
Read moreGermany starts gas data collection under emergency plan
(Montel) Germany’s BNA network agency has begun data collection from all gas network operators as part of a…
Read moreRussian Black Sea coal exports decline as risk premiums soar
(Montel) Coal exports from Russian Black Sea ports have declined 14% so far this month, amid surging vessel…
Read moreGas prices jump on Norwegian outages, low Russian flows
(Montel) European gas prices rose in midday trading on Thursday, buoyed by relatively low flows from Norway –…
Read moreNorwegian firm eyes 2 TWh green ammonia plant
(Montel) Norwegian developer Fuella is planning to build a green ammonia plant in the north of the country…
Read moreGerman power can be secure without Russian gas – study
(Montel) Germany could cover its power consumption without Russian gas at short notice while maintaining national coal and…
Read moreGerman Cal 23 power hits fresh high on fuels rally
(Montel) The German Cal 23 power contract hit a new record high on Thursday amid rallying fuels prices.…
Read moreFinnish power prices could jump 30% on Russia ban – Volue
(Montel) Finnish power prices could jump 30%, or EUR 17, on average next year if the country banned…
Read moreGerman spot power set to dive 18% on more wind
(Montel) German day-ahead power prices looked set to fall around 18% on Thursday as forecasts indicated wind…
Read moreNordic front-year power extends contract high
(Montel) Nordic power for delivery next year hit a fresh contract high on Thursday amid expectations of…
Read moreBHP’s thermal coal output slides 13% in January-March
(Montel) BHP reduced thermal coal production 13% on the year in January-March due to adverse weather conditions and…
Read moreEngie eyes EDF renewables arm in event of nationalisation
(Montel) French energy company Engie is considering taking over rival EDF’s renewables arm should the latter be…
Read moreOil prices rise on flagging Russian output, US crude stocks
(Montel) Oil prices rose in early Thursday trading amid signs of weakening Russian output, with Germany signalling it…
Read moreCarbon surges to near 8-week high
(Montel) The carbon benchmark streaked to near an eight-week high on Wednesday after news of potential EU market…
Read moreCO2 jumps EUR 6 to top EUR 86/t on compliance, technicals
(Montel) European carbon prices jumped EUR 6 to top EUR 86/t on Wednesday, breaking well clear of a…
Read moreGerman front-year power nears record high as coal jumps
(Montel) The German Cal 23 power contract neared its record high on Wednesday as coal prices jumped, while…
Read moreAmazon plans 340 MW green growth in Spain, France
(Montel) Tech giant Amazon is planning 340 MW of new investments in wind and solar projects in…
Read moreNestle signs 50 MW Spanish solar PPA with BayWa
(Montel) Food giant Nestle has signed a 10-year power purchase agreement (PPA) with German renewables developer BayWa for…
Read moreFrance-Italy cable (1.2 GW) full operations set for Q3 – TSO
(Montel) The 1.2 GW France-Italy Savoie-Piedmont interconnector, which will start up at half of capacity at the beginning…
Read moreMoody’s raises US gas price guidance on growing EU demand
(Montel) Ratings agency Moody’s has raised its medium-term gas price guidance range by USD 0.50/MMBtu (EUR 1.58/MWh) on…
Read moreDenmark proposes additional EUR 50/t carbon fee
(Montel) Danish companies subject to the EU ETS should pay an additional DKK 375/t (EUR 50/t) CO2 fee…
Read moreGas prices rise on Norway outage, Russia concerns
(Montel) European gas prices were rising on Wednesday after Norway slashed supply due to a scheduled outage, while…
Read moreNORDIC – Front slides on increased weather uncertainty
(Montel) Nordic power front contracts dropped on Monday, as weather forecasts turned more uncertain and spot prices were…
Read moreEurope gas consumption to fall 6% this year on war – IEA
(Montel) European gas consumption is set to fall 6% in 2022 year on year due to Russia’s ongoing…
Read moreStatkraft signs 300 GWh PPA with cement producer
(Montel) Statkraft has signed a 300 GWh, 10-year renewable power purchase agreement (PPA) with German cement firm Opterra…
Read moreOil prices edge up following Tuesday’s 5% plunge
(Montel) Oil prices rebounded on Wednesday morning following the previous session’s sharp drop, as renewed supply concerns outweighed…
Read moreGerman spot power to ease EUR 10 as wind strengthens
(Montel) German day-ahead power prices looked set to ease near EUR 10 on Wednesday, amid a forecast…
Read moreSSE buys 3.9 GW wind portfolio from Siemens Gamesa
(Montel) UK energy firm SSE has agreed to buy a 3.9 GW onshore wind power portfolio in southern…
Read moreOil prices remain elevated on Russian supply concerns
(Montel) Oil was trading flat on Tuesday but prices remained elevated as concerns around Russian supply persisted with…
Read moreCoal slips as supply improves
(Montel) European nearby coal prices softened in Tuesday trading amid signs of growing regional supply – despite looming…
Read moreEDF finds indications of possible corrosion on 4 reactors
(Montel) EDF has said it found indications of possible stress corrosion on the auxiliary circuits of four French…
Read moreSpanish spot power hits 6-month low on strong renewables
(Montel) Spanish baseload power for Wednesday settled at EUR 85.19/MWh, its lowest level since late October, amid…
Read moreSpanish spot power set to slump EUR 30 as gas hits year low
(Montel) Spanish spot power prices could slump more than EUR 30 on average this week as gas prices…
Read moreGerman Cal 23 power rises with firm coal prices
(Montel) Germany’s benchmark power contract rose on Tuesday amid a buoyant coal market and lingering concerns about energy…
Read moreGas curve dips as market waits, flows rise
(Montel) European front-month gas prices continued to drop on Tuesday amid a lack of major announcements relating to…
Read moreEU coal terminal stocks rise to 4.5-month high
(Montel) Coal inventories at northwest European ports have risen 15% on the week to their highest since early…
Read moreNordic Q3 power hits fresh high on cold, dry weather outlook
(Montel) Nordic power futures jumped on Tuesday – with the front quarter contract hitting a new record high…
Read moreEurope may face LNG glut as global demand wanes – analysts
(Montel) Europe could see a glut in LNG until summer amid weaker global demand, especially in China and…
Read moreNorway’s March gas exports hit record high 10.2bcm
(Montel) Norway exported 10.2bcm of natural gas through pipelines to other European destinations in March, a new monthly…
Read moreUK front-month gas drops to lowest point since invasion
(Montel) European gas prices fell on Thursday, with the UK front month hitting its lowest point since Russia’s…
Read moreDenmark to quadruple renewables output by 2030
(Montel) Denmark’s government aims to quadruple its annual power output from wind and solar plants by 2030 in…
Read moreGas demand from Italy's industrial sector slides 10%
(Montel) Gas demand from the Italian industrial sector slid 10% year on year in March to 12.4 TWh,…
Read moreSupply unease underpins European coal prices
(Montel) European coal prices were little changed in Thursday trading as an imminent sanction-related halt to Russian supply…
Read morePutin says gas can be bought in euros – Austrian chancellor
(Montel) Russia will continue to supply gas, even if payment is made in euros, Russian president Vladimir Putin…
Read moreGerman power curve tumbles up to EUR 5 with gas fall
(Montel) German curve power contracts fell up to EUR 5 on Thursday pressured by falling gas prices as…
Read moreAsia-Pacific coal prices hit 1-month high
(Montel) Asia-Pacific benchmark coal prices have risen to one-month highs as European buyers continue to scour the global…
Read moreSwiss power demand rises 4.3% in 2021 amid recovery
(Montel) Switzerland’s net power demand rose 4.3% on the year to 58.1 TWh in 2021 due to its…
Read moreBritish gas demand could be 7% higher this summer – TSO
(Montel) British gas demand is likely to be nearly 7% higher this summer versus the same period last…
Read moreOil prices slip on US stock build but concerns persist
(Montel) Oil prices eased in early Thursday trading as some rise in US inventories offset persisting concerns of…
Read moreGerman spot power set to dive 23% amid more wind
(Montel) German day-ahead power prices looked set to fall around EUR 52 on Thursday as forecasts indicated higher…
Read moreGerman front-year power hits 3-month high on war tensions
(Montel) German power for delivery next year rose to EUR 201.75/MWh on Wednesday, the highest since December last…
Read moreHigh gas prices deter Italian storage injections – analysts
(Montel) Spiralling spot gas prices currently above levels for those next winter are deterring storage injections at Italian…
Read moreDutch mull doubling green H2 target to 8 GW by 2030
(Montel) The Dutch government is considering doubling the country’s current green hydrogen target for 2030 from 4…
Read moreCrucial French EPR report 4 months late – regulator
(Montel) France’s ASN does not expect utility EDF to submit its plans to reinforce fuel-rod grids on its…
Read moreSurging renewables demand outstrips supply – report
(Montel) European developers of renewable assets are struggling to meet “voracious” demand from corporates eager to lock in…
Read moreNordic power prices edge up as market jitters continue
(Montel) Nordic power futures edged higher on Wednesday, though the Q3 was just off yesterday’s record high, as…
Read moreUS hikes LNG export growth forecast amid EU demand
(Montel) US LNG exports should jump 25% year on year in 2022, a 9 percentage point hike from…
Read moreFocusEconomics raises 2022 coal price outlook 27%
(Montel) Pacific basin benchmark coal prices could average nearly USD 240/t this year, up 27% – or USD…
Read moreFrance to get near EUR 4bn in fees for onshore wind – lobby
(Montel) The French state is set to benefit to the tune of EUR 3.7bn in fees from…
Read moreGerman spot power to rise EUR 9 on lower green output
(Montel) German day-ahead power prices looked set to rise more than EUR 9 on Wednesday amid a forecast…
Read moreOil continues rise as Putin’s comments stoke supply concerns
(Montel) Oil prices continued their rise on Wednesday as Russian president Vladimir Putin said his country’s invasion of…
Read moreCarbon little changed amid subdued pre-Easter market
(Montel) European carbon prices rose marginally on Tuesday afternoon after spending much of the session in negative territory…
Read moreEU will struggle to replace Russian coal – analysts
(Montel) European buyers are rapidly seeking alternatives to banned Russian coal, but analysts are concerned the structural shift…
Read moreBritain’s wind hits 23.3 TWh generation record in Q1
(Montel) Wind generation in Britain hit a new quarterly record of 23.3 TWh between January and March this…
Read moreFinnish spot power prices drop significantly after OL3 start
(Montel) Finnish power prices averaged almost 50% below those in other Nordic area zones over the past month…
Read moreRussia-Ukraine war amplifies German-Dutch gas risk premium
(Montel) Germany’s front-year gas price has surged relative to the equivalent Dutch TTF contract due to associated Russian…
Read moreGermany awards 1.1 GW solar at EUR 51.90/MWh
(Montel) Germany has awarded 1.1 GW of solar capacity a subsidy of EUR 51.90/MWh in the latest…
Read moreNordic Q3 power hits contract high on cold, dry outlook
(Montel) Nordic Q3 power hit a contract high on Tuesday as prices continued their rise, buoyed by persistent…
Read moreEU confirms ban to end all Russian coal imports by 10 August
(Montel) All Russian coal and other solid fossil fuels imports to the EU must stop by 10 August…
Read moreAustralia’s Newcastle coal exports slip 6% in Q1
(Montel) Coal exports from the key Australian port of Newcastle declined by 6.2% in the first quarter, in…
Read moreIreland's Alternus to buy 228 MW Spanish solar projects
(Montel) Dublin-based renewable independent power producer Alternus Energy will buy 228 MW across seven Spanish solar projects, it…
Read moreOX2 expands to Estonia, eyes 500 MW onshore wind
(Montel) Swedish renewables developer OX2 will develop 500 MW onshore wind capacity in Estonia with a local partner,…
Read moreGerman spot power to jump near EUR 40 on lower green output
(Montel) German day-ahead power prices looked set to rise near EUR 40 as forecasts showed renewables generation was…
Read moreOil rises as Opec cautions about replacing Russian supply
(Montel) Oil prices were rising on Tuesday as producer group Opec cautioned that Russian supply could not be…
Read moreDenmark could add 8 GW renewables by 2027 – TSO
(Montel) Denmark’s power grid can already handle 4 GW of additional onshore wind and solar output, a figure…
Read moreGerman power prices retreat amid weaker gas
(Montel) German curve power prices retreated from past highs – with the front year hitting a record high…
Read moreLNG Weekly – European imports slide by a third
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 32.6% last week to 2.5bcm but volumes should…
Read moreFront-month gas softens on LNG “armada”, mild outlook
(Montel) Benchmark front-month European gas futures softened on Monday amid strong LNG supply, with an “armada” on…
Read moreRussia supply ban to boost coal prices
(Montel) European coal prices faced further gains as the prospect of an EU-wide ban on Russian coal imports…
Read moreEU leaders to discuss energy crisis options in May
(Montel) EU leaders will meet to discuss options to tackle the current energy price crisis at the end…
Read morePro-nuclear Macron wins 1st round of French election
(Montel) Pro-nuclear incumbent Emmanuel Macron has won the first round of the French presidential election.…
Read moreGerman spot power to dive EUR 43 on rising wind output
(Montel) German day-ahead power prices looked set to dive almost EUR 43 on Monday, as forecasts pointed to…
Read moreOil prices fall amid China lockdown, IEA reserve plan
(Montel) Oil prices were falling on Monday amid an ongoing Covid-19 lockdown affecting major crude consumer China, while…
Read moreGerrman power hits record high on Russia coal ban
(Montel) Germany’s benchmark front-year power contract hit a fresh record high on Friday after the European Commission announced…
Read moreGas rises on coal embargo, lower pipeline flows
(Montel) European gas prices traded higher on Friday amid news the EU will implement an embargo on Russian…
Read moreEUAs set to hover around EUR 80/t
(Montel) European carbon prices increased for the second straight session on Friday but look set to remain within…
Read moreNordic power extends gains on cold outlook, rising fuels
(Montel) Nordic power futures were rising on Friday amid colder weather forecasts and rising gas prices. …
Read moreGerman parliament agrees on gas reserve plan
(Montel) Germany’s upper house of parliament on Friday agreed on a plan to fill gas storage to 90%…
Read moreOil market seeks clearer direction amid supply concerns
(Montel) Oil prices were little changed in early Friday trading as increased supply to the market from emergency…
Read moreEU approves ban on Russian coal imports – France
(Montel) EU diplomats have approved the European Commission’s proposed ban on Russian coal imports, the French EU presidency…
Read moreRussia threatens to cut gas supplies to Orsted
(Montel) Russia may cut gas supplies to Danish energy group Orsted if the company fails to pay its…
Read moreRollercoaster Nordic market to recover – trader
(Montel) The extreme volatility in the Nordic power market – with prices on some contracts skyrocketing 10-fold –…
Read moreCO2 flat as market awaits news of embargo
(Montel) European carbon prices rose EUR 1 on Thursday, after dropping around the same amount on Wednesday, remaining…
Read moreIberian reforms to drain market liquidity further – experts
(Montel) Plans from the Spanish and Portuguese governments to cap prices in energy markets will aggravate the current…
Read moreGreen group slams UK energy strategy as “wholly inadequate”
(Montel) The UK’s newly announced strategy failed to set out plans for a greener and more independent energy…
Read moreFrance faces winter supply "disaster" amid nuclear slump
(Montel) France faces a power supply “disaster” next winter with EDF vastly overestimating its likely nuclear output, analysts…
Read moreNordic front power rises on cooler weather outlook
(Montel) Nordic power futures were trading higher on Thursday amid a cooler weather outlook, which could boost spot…
Read moreOil prices rise as supply fears persist
(Montel) Oil prices rose early on Thursday as the International Energy Agency’s (IEA) latest move to release more…
Read moreEmbargo of Russian gas imports not yet on table – Draghi
(Montel) An embargo on gas imports from Russia is not yet under consideration at EU level, said Italian…
Read moreFrance urges EU ban of Russian oil imports
(Montel) The EU should ban Russian oil imports amid the war in Ukraine, said French economy minister…
Read moreUK eyes “significant acceleration” of nuclear by 2050
(Montel) The UK government plans to expand nuclear capacity by more than 17 GW from current levels to…
Read moreEU hints at further gas, oil sanctions on Russia
(Montel) EU member states will have to sanction oil and gas imports from Russia “sooner or later” if…
Read moreCoal prices rise on looming sanctions
(Montel) European coal contracts rose on Wednesday ahead of a possible EU ban of Russian imports.…
Read morePolish TSO plans relaunch of 1.3 GW link with Ukraine
(Montel) Polish TSO PSE is planning to relaunch an idle 1.3 GW interconnector between Poland and Ukraine, though…
Read moreGerman power matches record on Russian embargo fears
(Montel) Germany's benchmark Cal 23 power contract matched its record high EUR 189 on Wednesday in line with…
Read moreGerman cabinet agrees on renewables expansion package
(Montel) Germany’s cabinet on Wednesday agreed on legislation to speed up the country’s renewables expansion and reach an…
Read moreWar to have profound impact on EU power prices – DNV
(Montel) Russia’s war in Ukraine and attendant European sanctions on energy imports will have a profound impact on…
Read moreGas contracts rise amid cold weather, war jitters
(Montel) European gas contracts firmed on Wednesday amid cold temperatures and general nervousness about the war in…
Read moreNo alternatives to curbing power exports – Swedish TSO
(Montel) Swedish TSO Svenska Kraftnat said occasional cuts in transmission capacity to neighbouring counties would still be necessary…
Read moreNordic front power slides on more precipitation
(Montel) Nordic power front contracts dropped further on Wednesday, as more precipitation is set to improve the hydrological…
Read moreAcer consults on Finnish-Swedish cross-border hedging option
(Montel) EU energy regulatory agency Acer is seeking market views on how to improve risk hedging options for…
Read moreVon der Leyen confirms plans to ban Russian coal
(Montel) The European Commission has proposed banning Russian coal imports as part of a fifth package of sanctions…
Read moreCrude prices gain slightly as EU mulls sanctions
(Montel) Oil prices were slightly higher on Wednesday, as an EU debate on Russian oil import sanctions in…
Read moreGerman spot power eyes 30% drop as wind soars
(Montel) German day-ahead power prices looked set to plunge 30% on Wednesday, as forecasts pointed to robust…
Read moreCoal jumps EUR 40 as EU seeks Russia import ban
(Montel) European coal prices jumped nearly EUR 40 on Tuesday as the European Commission planned to include coal…
Read moreMEPs agree to fast-track EU gas storage obligations
(Montel) The European Parliament agreed to fast-track approval for draft obligations to refill EU gas storage to 80%…
Read moreGas prices range-bound amid sanction fears, steady flows
(Montel) European gas prices stayed range-bound on Tuesday, as supply fears over sanctions against Russian imports countered steady…
Read moreEU finance ministers discuss stricter Russian sanctions
(Montel) EU finance ministers are discussing how to strengthen sanctions against Russia, including on energy, at a meeting…
Read moreEC looks to include coal in new Russian sanctions
(Montel) The European Commission is considering including coal in a fifth package of sanctions against Russia for the…
Read moreGerman power gains on Russian coal ban risk, cool weather
(Montel) German power prices rose on Tuesday, as the market priced in the risk of a European ban…
Read moreIndonesia hikes April coal price 42% on Russia coal ban
(Montel) Indonesia has hiked its April coal reference price by 42% month on month to USD 288.40/t amid…
Read moreSoutheast Europe can wean itself off Russian gas – experts
(Montel) Romania and Bulgaria, southeastern Europe’s largest energy consumers after Greece, plan to cut their reliance on Russian…
Read moreCrude prices rise amid possible new Russia sanctions
(Montel) Oil prices were higher on Tuesday amid supply concerns as the EU mulled further sanctions against…
Read moreGreen hydrogen developers grapple with price volatility
(Montel) Many of Europe’s green hydrogen project developers are struggling to conclude contracts with end-users amid price volatility…
Read moreSweden TSO boosts power exports to Norway
(Montel) Swedish TSO Svenska Kraftnat has significantly increased power exchange capacity with Norway and Denmark after adopting a…
Read moreBKW appoints ABB manager as new CEO
(Montel) Swiss utility BKW has appointed as its CEO Robert Itschner, executive board chairman of power firm ABB…
Read moreGerman regulator to temporarily take over Gazprom Germania
(Montel) German regulator BNA will become the temporary trust manager of Gazprom subsidiary Gazprom Germania in a…
Read moreGas drops amid sanctions, ruble uncertainty
(Montel) European gas prices were slipping on Monday amid uncertainties about possible new sanctions against Russia and its…
Read moreEEX adjusts margin requirements amid energy price crisis
(Montel) Europe’s EEX power exchange has adjusted margin requirements for customers due to spiralling energy prices, it said…
Read moreGerman power prices drop with gas amid low liquidity
(Montel) German power for delivery next month and next quarter dropped on Monday along with weaker gas prices…
Read moreSpanish spot power to fall on low demand, futures decline
(Montel) Spanish spot power prices were set to see downward pressure from reduced demand as the holiday…
Read moreGas front month dips amid healthy supply, warmer weather
(Montel) Benchmark European gas prices slipped nearly 2% on Monday amid healthy pipeline supply and forecasts of…
Read moreEU power bourses to hike price cap after French spike
(Montel) EU spot power exchanges will raise their price cap to EUR 4,000/MWh for the European single…
Read moreNordic power futures soften amid uncertainty
(Montel) Nordic power futures traded down on Monday, as market participants awaited more news about potential disruptions to…
Read moreEurope to "act" on Russian energy imports – Macron
(Montel) Europe could “act” to sanction Russian coal and oil imports to the bloc within days, French president…
Read moreFrench spot power hits EUR 3,000 amid supply crunch
(Montel) French spot power prices for Monday surged to EUR 3,000/MWh as temperatures plummeted, with TSO RTE forecasting…
Read moreOil rises on supply fears, possible further Russia sanctions
(Montel) Oil prices were rising on Monday amid supply concerns and as the EU talked of further sanctions…
Read moreGerman ministers at odds over gas ban – reports
(Montel) Germany’s defence minister said the EU should consider banning Russian energy imports due to war crimes in…
Read moreBaltic states halt Russian gas imports amid war
(Montel) Baltic states Latvia, Lithuania and Estonia have stopped importing gas from Russia due to its war on…
Read moreEU prepares more sanctions against Russia due to war crimes
(Montel) The EU is preparing to hit Russia with more sanctions – which could include an embargo of…
Read moreUK rules out energy rationing despite supply squeeze
(Montel) The UK has ruled out energy rationing despite concerns around supply amid the fallout from the Ukraine…
Read moreGas falls as flows continue but clarity needed
(Montel) European gas contracts were falling on Friday afternoon as Russian flows continued despite the country’s assertion payment…
Read moreFrench power surges to EUR 840/MWh amid cold snap
(Montel) French spot power prices for delivery on Monday jumped EUR 125 to EUR 840/MWh on the…
Read moreMEPs seek urgent approval for EU gas storage obligations
(Montel) The EU should urgently approve draft obligations to refill gas storage sites to 80% by 1 November…
Read moreNordic Q3 power gains amid low liquidity, cold outlook
(Montel) Nordic Q3 and May power traded up on Friday, albeit amid thin trade, as forecasts indicated cold…
Read moreVerified EU ETS emissions climb 8.4% in 2021 – Refinitiv
(Montel) Stationary installations obliged to participate in the EU’s carbon market saw their emissions climb 8.4% last year,…
Read morePay in rubles for gas from Friday or else – Putin
(Montel) European buyers who fail to pay for Russian gas in rubles from Friday face a halt to…
Read moreFrance not expecting halt to Russian gas flows – Pompili
(Montel) France does not expect a halt to gas imports from Russia despite its leader Vladimir Putin’s demands…
Read moreGas prices fall as Russian threat to flows fails to occur
(Montel) European gas contracts fell on Friday as Russian imports continued despite threats yesterday that indicated flows could…
Read moreCarbon to consolidate amid war, economic uncertainty
(Montel) European carbon prices were moving higher on Friday but looked set to consolidate within a wide EUR…
Read moreGerman spot power to fall on more wind next week
(Montel) German spot power prices looked set to fall next week, as wind generation was expected to…
Read moreCrude prices fall on US pledge to release oil reserves
(Montel) Crude oil was lower early on Friday, as a US plan to release oil from its reserves…
Read moreGB nodal pricing could harm hedging, confidence – analysts
(Montel) National Grid’s proposal to shift Great Britain to a “nodal” pricing system – whereby power is traded…
Read moreUS to release 1m bbl/day of oil from strategic reserve
(Montel) US president Joe Biden on Thursday ordered the release of up to 180m bbl of oil from…
Read moreGas market downplays Putin’s ruble payment threat
(Montel) Market participants on Thursday downplayed the threat by Russian president Vladimir Putin to force foreign buyers of…
Read moreRussian gas flows to Europe “not at risk” – Draghi
(Montel) Gas flows from Russia to Europe “are not at risk” of disruption, Italian prime minister Mario Draghi…
Read moreEC finds Qatar LNG contracts comply with EU rules
(Montel) There is no breach of EU competition rules in Qatar Energy LNG supply contracts with European…
Read moreAustria joins Germany with gas supply warning in ruble row
(Montel) Austria has warned that Russia’s plan to demand payment for gas in rubles could disrupt supplies, joining…
Read moreOpec+ to boost supply by 0.432m bbl/day in May
(Montel) Opec and its Russia-led partners agreed on Thursday to increase oil supply in May by 0.432m bbl/day,…
Read moreGas volatility persists as market awaits ruble decision
(Montel) European front-month gas contracts traded mixed in volatile trading on Thursday morning, as the market awaited news…
Read moreENBW books 3bcm/year at LNG import terminal Stade
(Montel) German utility ENBW has booked 3bcm/year of LNG with the new import terminal in Stade as part…
Read moreEC raids gas firms in Germany over suspected market abuse
(Montel) The European Commission has raided the premises of several natural gas companies in Germany over suspicions that…
Read moreRussia's western coal exports drop 12% since invasion
(Montel) Russia’s coal exports to mostly European destinations have declined 12% since launching its invasion of Ukraine five…
Read moreOil prices dive on reports US will release more reserves
(Montel) Oil prices shed as much as 6% early on Thursday following reports the US was set to…
Read moreGerman spot power set to ease as wind output rises
(Montel) German spot power prices looked set to drop on Thursday as forecasts pointed to rising wind…
Read moreBaltics eye LNG terminal to replace Russian gas – minister
(Montel) Building a new LNG terminal is one way in which the Baltic nations and Finland could terminate…
Read moreSpanish LNG imports set to increase 36% in May – TSO
(Montel) Spain’s LNG imports should jump 36% year on year to almost 22 TWh (2bcm) in May,…
Read moreFrance plans winter gas cuts to avert supply crunch
(Montel) France is drawing up a decree to allow it to cut or reduce gas supplies to big…
Read moreFrance mulls boosting capacity of Dunkirk LNG terminal
(Montel) France is considering boosting the injection capacity at the Dunkirk LNG terminal amid EU efforts to…
Read moreCarbon falls to 6-day low amid risk aversion
(Montel) European carbon prices dipped to a six-day low on Wednesday amid a lack of market participants willing…
Read moreKremlin hints at gradual gas pricing in rubles – Tass
(Montel) Russia may pace the introduction of its plans to price its energy exports in rubles, the…
Read moreGerman power prices gain on gas supply fears, cooler outlook
(Montel) German power prices rose on Wednesday along the curve amid renewed gas supply fears and short-term contracts…
Read moreCepsa plans 2 GW of hydrogen, 7 GW green energy in Iberia
(Montel) Spain’s Cepsa will invest up to EUR 8bn in its new strategic plan, which includes 2…
Read moreGazprom prepared to burn bridges with Europe – sources
(Montel) Russia’s Gazprom is prepared to lose face with Europe by changing the denomination of its gas supply…
Read moreGermany readies moves to counter Russia gas payment demands
(Montel) Germany instituted an early warning stage of its so-called national gas emergency plan in response to Russian…
Read moreNordic power retailers rethink contracts amid volatility
(Montel) Volatile energy prices are forcing Nordic electricity suppliers to rethink contracts they offer customers, potentially hitting liquidity…
Read moreGermany could cut demand for Russian gas to 10% by 2024
(Montel) Germany could cut the share of Russian gas for consumption to 10% by mid-2024 from around 55%…
Read moreGas prompt jumps 14% with German early warning
(Montel) Benchmark European gas contracts jumped 14% on Wednesday morning as Germany declared an early warning of…
Read moreNordic April power extends gains on sustained cold, gas
(Montel) Nordic power futures for delivery next month and Q2 traded up in response to sustained colder…
Read moreGerman front-month power jumps EUR 25 on gas warning
(Montel) German front-month power surged EUR 25 on Wednesday after the government sounded a warning over gas deliveries…
Read moreMarkets face oil, gas shortage without Russia – Habeck
(Montel) World energy markets could face an oil and gas shortage as a result of weaning off Russian…
Read morePoland set to ban Russian coal imports, freeze assets
(Montel) Poland's government has introduced a draft bill banning coal imports from Russia and freezing the assets of…
Read moreGerman spot power retreats as wind set to surge
(Montel) German day-ahead power prices looked set to fall on Wednesday as forecasters tipped wind generation to…
Read moreOil prices rise amid Russian pledge scepticism
(Montel) Oil prices edged higher early on Wednesday amid scepticism about Russia’s pledge to “drastically reduce combat operations”…
Read moreSpain gas reference price possible within a month – minister
(Montel) Spain and Portugal plan to send to Brussels this week a proposal for a gas reference…
Read moreRuble showdown supports energy complex
(Montel) European gas and coal prices pared early gains on Tuesday but remained supported by concerns Russia…
Read moreEU solar ready to ramp up to cut Russian gas imports
(Montel) The EU’s solar photovoltaic sector is ready to ramp up capacity to help cut Russian gas imports…
Read moreGerman power curve gains with Russian supply jitters
(Montel) German benchmark power prices gained on Tuesday from mounting concerns Russia may halt gas exports to…
Read moreGas prices jump 10% amid Russia supply unease, lower flows
(Montel) European gas prices were spiking 10.2% on Tuesday amid unease about Russian supplies and lower flows.…
Read moreUK proposes ending EU GO imports on 1 Oct
(Montel) The UK government has proposed ending the import of EU guarantees of origin (GOs) on 1 October,…
Read moreEU coal terminal stocks rise to 7-week high
(Montel) Coal inventories at northwest European ports have risen 13% on the week to their highest since early…
Read moreFrance to decide “within weeks” on new LNG terminal
(Montel) France will decide “within weeks” whether to invest in a 50 TWh/yr floating LNG terminal at Le…
Read more"Spring squeeze" could drive Nordic power to new highs
(Montel) Nordic power prices could reach fresh highs next month if cold weather delayed snowmelt and further tightened…
Read moreNorway could hike EU gas exports 17% (20bcm) – report
(Montel) Norway is likely to boost annual gas exports to the EU by 17%, or 20bcm, in…
Read moreEsma dispels carbon market intervention fears – analysts
(Montel) A report on Monday by the EU’s financial regulator Esma has diluted concerns of potentially stark…
Read moreNordic front power continues rise on cold weather, gas
(Montel) Nordic front power contracts continued rising on Tuesday amid a colder outlook for April and stronger…
Read moreUK plans to triple solar capacity, double onshore wind
(Montel) The UK is planning to triple current solar capacity by 2030, while doubling onshore wind and is…
Read moreEsma recommends extended controls on carbon trading
(Montel) EU financial watchdog Esma recommended on Monday to extend controls on the bloc’s emissions trading scheme…
Read moreEurope could halve gas use for power by 2030 – Wartsila
(Montel) Europe could cut gas use in power consumption by more than half by 2030 if it rapidly…
Read moreUniper targeting 40% hydrogen at Grain power plant
(Montel) German utility Uniper is seeking to use hydrogen blends for up to 40% of volume at its…
Read moreStatkraft, Aker pull out of Norway green ammonia scheme
(Montel) Statkraft and Aker Clean Hydrogen will withdraw from a joint venture with fertiliser producer Yara that had…
Read moreGerman spot power to jump EUR 15 on low green output
(Montel) German day-ahead power prices looked set to rise almost EUR 15 on Tuesday as forecasts indicated a…
Read moreOil continues fall as China Covid concerns curb market
(Montel) Oil continued to fall on Tuesday, after seeing losses in the prior session, as concerns about a…
Read moreCarbon jumps to near 1-month high
(Montel) European carbon prices rose to near one-month highs in Monday trading, buoyed by compliance buying, supportive technical…
Read moreUS LNG deal with EU falls short of needs – analysts
(Montel) An agreement by the US to supply an extra 15bcm of LNG to the EU this year…
Read moreInfinergies plans 100 MW Finnish wind farm
(Montel) German renewables developer Infinergies is hoping to build a wind farm in Finland with up to 100…
Read moreG7 rejects Russian demand for ruble payment – Germany
(Montel) Energy ministers from the group of seven industrialised countries (G7) have rejected demands by Russia to pay…
Read moreGerman 2021 energy use still lags pre-pandemic levels
(Montel) German primary energy use stood at 3,407 TWh last year, up 3.1% versus 2020 but still below…
Read moreGerman power front month increases with gas, weather outlook
(Montel) The German power contract for April increased on Monday on the back of higher gas prices…
Read moreSpain power futures fall up to EUR 26 on gas price plan
(Montel) Spanish forward power prices fell up to EUR 26 on Monday after prime minister Pedro Sanchez…
Read moreGas front month rises on peace talks, colder weather
(Montel) Benchmark European gas prices rose from a one-month low early on Monday amid some pessimism over…
Read moreSupply shortfall to underpin coal prices
(Montel) A lingering shortfall in spot supply will likely underpin European coal prices close to current levels, market…
Read moreCrude prices fall on China Covid lockdown
(Montel) Crude oil was lower early on Monday amid potential demand destruction in China after the second-largest oil…
Read moreEU top politicians agree need for joint gas buying option
(Montel) The EU needs a voluntary joint mechanism to buy natural gas, LNG and hydrogen to help lower…
Read moreNordic power front jumps on cold forecast, snowmelt delay
(Montel) Nordic front power contracts were trading markedly higher on Monday, as a forecast cold start of April…
Read moreEndesa to replace Pego coal plant with 800 MW green capacity
(Montel) Spanish utility Endesa will invest EUR 600m to develop nearly 800 MW of renewable capacity in…
Read moreEstonian TSO acquires 105 GWh winter gas reserve
(Montel) Estonian TSO Elering has bought 105 GWh of gas for reserve supply next winter, which will be…
Read moreEU leaders agree conditions for urgent market interventions
(Montel) EU leaders have agreed conditions for urgent interventions to tackle high power prices after Spain and Portugal…
Read moreEU ministers to examine gas price cap amid Nordic opposition
(Montel) EU energy ministers will discuss a cap on wholesale gas prices at an extraordinary meeting in May…
Read moreUS aims to supply extra 15bcm of LNG to EU this year
The US will strive to supply an extra 15bcm of LNG at least to the EU this…
Read moreCoal softens amid broader complex weakness
(Montel) European coal trading activity was subdued on Friday as traders awaited fresh market signals, while weaker gas…
Read moreGerman spot power to jump 11% as solar output plummets
(Montel) German day-ahead power prices looked set to rise almost 11% on Monday, as forecasts pointed to dwindling…
Read moreOrsted sells 50% stake in UK wind farm
(Montel) Orsted will sell a 50% stake in its Hornsea 2 (1.3 GW) offshore wind farm in the…
Read moreNordic TSOs agree to support Baltic energy system
(Montel) The four Nordic TSOs have agreed measures to help provide the Baltic states with frequency support if…
Read moreGerman power front month falls on lower gas prices
(Montel) Germany’s front-month power contract fell on Friday in reaction to lower gas prices, after the EU dismissed…
Read moreEurope’s TTF hub to be 2022 global LNG benchmark – analysts
(Montel) High Dutch TTF gas prices, as Europe cuts Russian supplies, will enable the hub to benchmark global…
Read moreFrench nuclear slump hinders Russian gas exit – analysts
(Montel) Falling nuclear output in France has spurred gas demand in the country and is hampering EU moves…
Read moreGas volatility reigns amid escalating war tensions
(Montel) European gas prices were seesawing on Friday amid escalating tensions surrounding the Ukraine war as ongoing supply…
Read moreNordic power futures fall with gas, German power
(Montel) Nordic power futures fell along with gas and German power prices on Friday, though forecasts remained very…
Read moreGerman spot power to rise next week
(Montel) German spot power prices looked set to rise next week as forecasts predicted diminishing solar production,…
Read moreEU won’t be blackmailed over Russian energy – von der Leyen
(Montel) The EU will no longer be blackmailed by Russia over energy supplies to the continent, said European…
Read moreGermany to receive 7.5bcm LNG next winter
(Montel) Germany will receive 7.5bcm of LNG next winter in a bid to reduce dependence on Russian gas…
Read moreGermany mulls three floating LNG units – report
(Montel) The German government could charter three floating LNG units to expedite independence from Russian gas imports, Der…
Read moreCrude prices rangebound amid Russia supply unease
(Montel) Crude oil was flat early on Friday, as European leaders mulled further energy sanctions against Russia over…
Read moreEU carbon market emissions increase 9% in 2021 – poll
(Montel) Stationary installations obliged to participate in the EU’s carbon market likely saw their emissions climb 9%…
Read moreSweden's OX2 buys 500 MW Greek renewables projects
(Montel) Swedish renewables developer OX2 has bought two portfolios in Greece with a total installed capacity of more…
Read moreLatvia to push for Russian oil, coal embargo at EU summit
(Montel) Latvia will push for an embargo on Russian oil and coal imports when EU leaders meet today…
Read moreUkraine has enough coal to avoid more imports – Dtek
(Montel) Ukraine’s coal stocks have risen to over 1m tonnes, up more than 40% on the month, thereby…
Read moreCarbon rebounds on compliance buying
(Montel) European carbon prices rose on Thursday amid compliance buying, rebounding from losses seen yesterday.…
Read moreGermany to start gas phase-out from 2024
(Montel) Germany's coalition government has agreed to phase out natural gas from 2024, beginning with a drive…
Read moreHydropower GO prices dip amid war uncertainty
(Montel) European hydropower guarantees of origin (GOs) prices edged down during the week, as uncertainty around the Ukraine…
Read moreGas prices continue rally amid ruble plan, summits
(Montel) European gas prices extended their rally as the market mulled Russian president Vladimir Putin’s plan to charge…
Read moreItalian TSO boosts grid investment budget by nearly 10%
(Montel)- Italian TSO Terna has revised higher its investments through to 2025 by 9% to EUR 10bn to…
Read moreEDF nationalisation would face EC approval hurdle – analysts
(Montel) Nationalising EDF would enable France to finance a costly nuclear revival, but the government would still need…
Read moreNewcastle coal drops below Europe benchmark
(Montel) The Pacific basin’s leading coal index has fallen a further 29% to drop below Europe’s benchmark…
Read moreEC will urge Biden to prioritise US LNG exports to Europe
(Montel) European Commission president Ursula von der Leyen plans to ask US president Joe Biden to prioritise LNG…
Read moreEnea's power output rises 19% in 2021
(Montel) Polish state-run utility Enea generated 26.4 TWh of power in 2021, a year-on-year increase of 3.9 TWh…
Read moreNordic power prices fall from 2-week high despite strong gas
(Montel) Nordic power futures retreated from two-week highs on Thursday, though traders said it was difficult to explain…
Read moreBelgium, Engie face tough nuclear talks – experts
(Montel) Belgium and nuclear operator Engie Electrabel face difficult talks over extending the lifetimes of Doel 4 (1…
Read moreEC to discuss Canadian energy imports to EU
(Montel) The European Commission is to discuss potential Canadian energy supplies to the EU in its efforts to…
Read moreRussia coal production hits 3-month high in February
(Montel) Russian coal production grew 13% on the month in February to a three-month high, official data showed…
Read morePGNiG’s wholesale gas sales jump 19% in 2021
(Montel) Polish gas monopoly PGNiG saw natural gas sales on the wholesale market jump 19% year on year…
Read moreGerman spot power rangebound as wind remains low
(Montel) German spot power prices looked set to stay flat on Thursday, as forecasts showed wind production…
Read moreOil prices trade mixed ahead of key EU and Nato summits
(Montel) Oil prices were mixed in volatile trading early on Thursday ahead of EU, Nato and G7 summits…
Read moreGas prices surge as Russia to demand ruble payments
(Montel) European gas prices surged on Wednesday after Russian president Vladimir Putin announced that gas deliveries would…
Read moreGas soars over 20%, carbon falls, coal jumps
(Montel) European front-month gas contracts surged by over 20% in volatile trading on Wednesday afternoon, as Russian president…
Read moreGerman energy lobby BDEW rejects energy market price caps
(Montel) The German BDEW energy industry association on Wednesday rejected the introduction of price caps in energy markets,…
Read moreENBW to let Russian gas contracts lapse
(Montel) ENBW will let its gas procurement contracts with Russia lapse, the company said on Wednesday as…
Read moreEC mulls price caps, aggregators to tackle energy crisis
(Montel) Capping prices, aggregating demand and negotiating gas and LNG contracts at the EU level are options the…
Read moreEurope can end Russian gas imports by 2025 – analysis
(Montel) The EU’s “Fit for 55” climate package, fast-tracking clean energy and gas supplies from outside Russia would…
Read moreGerman April power jumps 15% amid potential EU rule, ban
(Montel) The German power curve rose on Wednesday amid anticipated new EU gas storage rules and fears of…
Read moreOil edges up as EU weighs tougher sanctions on Russia
(Montel) Oil prices edged higher early on Wednesday as market participants assessed whether a toughening of EU sanctions…
Read moreEC proposes EU gas storage must be 80% full by 1 November
(Montel) EU gas storage must be at least 80% full by 1 November as part of efforts to…
Read moreGas prices increase in anticipation of storage rules
(Montel) European gas prices increased on Wednesday amid expectations of a new EU storage regulation increasing gas…
Read moreGermany’s Scholz rejects ban on Russian gas imports – report
(Montel) An import ban on Russian fuels would hurt the German economy and endanger jobs, German chancellor Olaf…
Read moreShell books “substantial” capacity at German LNG terminal
(Montel) Shell has signed a first agreement to book long-term capacity at a planned 8bcm/year LNG terminal project…
Read moreTotalEnergies to stop buying Russian oil by end-2022
(Montel) French energy firm TotalEnergies has said it will stop buying oil and oil products from Russia…
Read moreNordic power curve continues rise on colder outlook, gas
(Montel) Nordic power futures rose for the fifth consecutive day on Wednesday in response to a colder…
Read morePGE’s 2021 power output jumps 18% to 68.8 TWh
(Montel) Polish utility PGE produced 68.8 TWh of power last year, up 18% from 2020, thanks to an…
Read moreFinnish firms to build 1 GW solar in Finland, Sweden by 2030
(Montel) Finnish energy infrastructure firm Skarta and solar developer Solarigo Systems plan to build 1 GW of solar…
Read moreWar will keep coal prices above USD 130/t – traders
(Montel) European coal prices will likely remain at a minimum of USD 130/t for the foreseeable future as…
Read moreEU coal port stocks rise marginally from multi-year lows
(Montel) Coal inventories at northwest European ports have risen by 7% from multi-year lows seen in mid-March amid…
Read moreENBW raises forward power hedges slightly
(Montel) German utility ENBW has locked in slightly more sales on its power for the next two…
Read moreCoal climbs off 3-week low on bargain-hunting
(Montel) European coal prices climbed back from the previous session’s three-week lows, as market participants took advantage of…
Read moreGerman spot power to trade flat amid weak wind output
(Montel) German day-ahead power prices looked set to edge down less than EUR 1 on Wednesday, as green…
Read moreFrench power flows reverse as nuclear output hits new low
(Montel) France was importing more power than it was exporting in a reversal of flows sparked by record…
Read moreGerman power prices climb with buoyant fuels
(Montel) German power prices rose on Tuesday amid higher coal and gas prices, with Russia’s ongoing war in…
Read morePost-Brexit market coupling may not happen – Nord Pool
(Montel) The establishment of “multi-region loose volume coupling” (MRLVC), linking the UK and Ireland to EU power markets,…
Read moreGas front month gains on Norwegian outage, low wind
(Montel) European gas front months edged higher on Tuesday, as an unplanned Norwegian outage and weak wind…
Read moreSpain could speed up renewables push – experts
(Montel) Spain could speed up its renewables push amid European plans to reduce energy dependence on Russia,…
Read moreNordic front power firms on colder outlook, higher gas
(Montel) Nordic power futures for delivery next month and Q3 traded up in response to a colder…
Read morePayment issues hamper China-Russia coal trade
(Montel) Payment issues – in light of a partial ban on Russia using the Swift banking system –…
Read moreGreen H2 more economical amid soaring fuel prices – Rystad
(Montel) The economics of green hydrogen against other forms of the gas have become increasingly attractive since Russia’s…
Read moreGerman spot power to trade sideways amid low wind output
(Montel) German day-ahead power prices looked set to trade sideways on Tuesday as forecasts showed wind power generation…
Read moreOil prices continue rise as Russian supply concerns persist
(Montel) Oil prices were continuing to rise on Monday – adding to the prior session’s gains –…
Read moreRWE, Uniper to collaborate on H2 with Adnoc
(Montel) German utility RWE and the United Arab Emirates’ state-owned oil company Adnoc have signed a memorandum…
Read moreAlgeria-Spain tension to complicate gas talks – experts
(Montel) Mounting diplomatic tensions between Spain and Algeria may complicate talks to renegotiate gas contracts, yet supply was…
Read moreHigh gas price does not benefit green H2 – Preem
(Montel) Despite the fact that natural gas prices have reached record highs this year, Swedish oil group Preem…
Read moreEU’s LNG import plan might be untenable – analysts
(Montel) Europe will struggle to boost LNG imports in 2022 by almost 55% to reduce reliance on Russia’s…
Read moreOil nears USD 120 as EU mulls Russian crude ban
(Montel) Oil prices jumped USD 3 on Tuesday, with Brent nearing USD 120/bbl, as Europe mulled joining a…
Read moreSpanish power to trade sideways, slide on weaker gas
(Montel) Spanish spot and forward power prices could trade sideways or drop this week on the back…
Read moreFront-month gas slips to 3-week low on rising supply
(Montel) Benchmark European gas prices dropped nearly 5% to a three-week low on Monday as steady pipeline…
Read moreCoal trading to be range-bound
(Montel) European coal prices were likely to trade sideways this week, as tighter supply in the Atlantic basin…
Read moreBan on Russian Black Sea coal ports unlikely – analysts
(Montel) Europe is unlikely to place a blanket ban on coal purchases from Russian Black Sea ports, although…
Read moreSpain sees 44 energy retailers go bust amid price crisis
(Montel) Spiralling power and gas prices saw 44 Spanish energy distributors go bust last year, the country's…
Read moreItaly’s February power demand rises 3% to 25 TWh
(Montel) Power demand in Italy rose nearly 3% year on year to 25.49 TWh in February, TSO Terna…
Read moreItaly EUR 4.4bn energy package set to aid businesses
(Montel) A new EUR 4.4bn Italian energy package will help businesses and families cope with spiralling energy costs…
Read moreNordic Q2 power rises on colder outlook, stronger spot
(Montel) The Nordic bellwether front-quarter power contract gained on Monday amid colder weather forecasts and stronger spot prices.…
Read moreRussian coal exports to EU may drop 45% in 2022 – analyst
(Montel) Russian thermal coal exports to Europe could potentially drop 45% this year as buyers shy away from…
Read moreGerman spot power eyes 16% rise on less wind output
(Montel) German day-ahead power prices looked set to rise 16% on Monday as forecasts pointed to below-normal wind…
Read moreNovatek board member quits as sanctions bite
(Montel) Gennady Timchenko – a board member and significant shareholder of Russia’s largest LNG producer Novatek – has…
Read moreRussian Black Sea coal exports rise despite risks
(Montel) Coal exports from Russian Black Sea ports continue to rise despite the country’s war in Ukraine elevating…
Read moreItaly, Spain, Portugal, Greece seek “urgent” energy reforms
(Montel) The prime ministers of Italy, Spain, Portugal and Greece will together call for “urgent” energy reforms at…
Read moreEni offers Europe additional 16bcm/year of gas
(Montel) Italian energy company Eni could make available an additional 16bcm/year of gas to Europe beginning next winter,…
Read moreGermany agrees LNG deal with Qatar
(Montel) Germany has agreed a short-term LNG supply deal with Qatar to help diversify from Russian gas, economy…
Read moreJohnson mulls 5-fold increase in UK nuclear power – report
(Montel) UK prime minister Boris Johnson is mulling a five-fold increase in the country’s planned nuclear capacity by…
Read moreEnergy complex flattens despite war shock
(Montel) European contracts for gas, coal and carbon all saw limited moves on Friday as markets flattened…
Read moreBelgium agrees to extend lifetime of 2 reactors to 2036
(Montel) Belgium on Friday agreed to extend the lifetimes of two reactors – Doel 4 (1 GW)…
Read moreLithuanian power supplier operates despite sanctions hit
(Montel) Lithuanian electricity supplier Inter Rao Lietuva was continuing to operate despite being hit by sanctions due to…
Read moreEurope to stay largely dry until end of June – forecasters
(Montel) European weather should stay largely dry until the end of June, with May seeing the highest chances…
Read morePortugal to tender 3-4 GW of offshore wind this year
(Montel) Portugal plans to auction 3-4 GW of offshore wind capacity this year, which would be operational…
Read moreGerman April power falls in tandem with lower gas prices
(Montel) Germany’s front-month power contract fell on Friday in reaction to lower gas prices.…
Read moreGas prices rangebound amid Ukraine war supply threat
(Montel) European gas contracts remained in a sideways pattern on Friday, as the market awaited new signals…
Read moreEDF launches EUR 3.1bn recapitalisation
(Montel) French utility EDF has launched a EUR 3.1bn recapitalisation, as it faces struggling nuclear power output…
Read moreDutch TSO signs 5-year charter for floating LNG terminal
(Montel) TSO Gasunie has chartered a 600mmscf/day (17mcm/day) floating LNG import terminal for five years from Belgium’s Exmar,…
Read moreEUAs consolidate near EUR 80
(Montel) European carbon prices looked set to consolidate near EUR 80/t, as some profit-taking on Friday snapped eight…
Read moreDenmark may need 16 GW more offshore wind by 2030 – analyst
(Montel) Denmark may have to install 15-16 GW of new offshore wind power capacity within eight years to…
Read moreNordic spot power may hit 1-month low on reduced demand
(Montel) The Nordic system price could hit a one-month low on reduced weekend demand and lower exports to…
Read moreFortum seeks 2050 extension for 1 GW Loviisa nuclear plant
(Montel) Finnish utility Fortum has sought government approval to extend the lifetime of its 1 GW Loviisa nuclear…
Read moreEU ministers want accord on ETS reforms by end of June
(Montel) EU environment ministers aim to decide their position on carbon market reforms by the end of June…
Read moreCrude prices rise on Russia supply unease
(Montel) Crude oil was higher early on Friday on the potential fallout of an International Energy Agency (IEA)…
Read moreNasdaq Commodities increases trading fees by 7%
(Montel) Nasdaq Commodities will raise variable trading fees for all Nordic and European electricity and gas contracts from…
Read moreLeag may close lignite mine after court order
(Montel) German utility Leag’s Jeanschwalde lignite mine faces closure from 15 May after a court ruling which might…
Read moreLithuania's LNG capacity fully booked due to war jitters
(Montel) Imports of LNG through Lithuania’s terminal in Klapeida were fully booked until 30 September, which marked the…
Read moreEnel hedges 46% of 2023 Italian production at EUR 75.4/MWh
(Montel) Italian utility Enel has hedged about 46% of its 2023 domestic power production at an average price…
Read moreItaly’s Adriatic LNG terminal raises capacity by 13% to 9bcm
(Montel) Italy’s Adriatic LNG terminal has increased its operating capacity to 9bcm/year from 8bcm/year, it said.…
Read moreGerman ministry aims to raise renewable tender volumes
(Montel) A German ministry has presented a draft amendment to significantly increase tender volumes for renewable power installations.…
Read moreItalian gas TSO mulls offshore Spain-Italy pipeline
(Montel) Italy’s Snam is assessing an offshore gas pipeline linking Spain and Italy to enhance Iberia’s limited interconnection…
Read moreMessages linked to GOs provided transparency – Nord Pool
(Montel) A series of recent Nord Pool market messages linked to guarantees of origin (GOs) provided transparency and…
Read moreCO2 rises on compliance demand, MSR hopes
(Montel) European carbon prices rose on Thursday on compliance demand, strong auction results and amid a proposal to…
Read moreEDF borrows EUR 10bn in wake of Arenh requirement
(Montel) EDF has borrowed EUR 10.25bn from nine banks amid financial hurdles caused by the government’s decision to…
Read morePoland helps Ukraine to maintain coal stocks
(Montel) Poland is supplying Ukraine with 0.06m tonnes of coal to ensure it has sufficient stocks to meet…
Read moreGerman power Cal 23 recovers on higher gas
(Montel) German power for delivery next year rose on Thursday, as it followed gas prices higher and recovered…
Read moreEnel coal power output to more than double in 2022 - unions
(Montel) Italian utility Enel expects to more than double its coal-fired power output and add up to 20…
Read moreFinland’s EAB buys 69 MW solar portfolio in Spain
(Montel) Finnish asset manager Elite Alfred Berg (EAB) purchased a portfolio of several solar projects (69 MW) in…
Read moreGas prices rise on lower pipeline supply, Russia risk
(Montel) European gas prices rose on Thursday amid lower pipeline supply, with the market also reassessing the risk…
Read moreGO prices fall amid ample supply
(Montel) Prices for European guarantees of origin (GOs) fell during the week to Thursday amid ample supply, although…
Read moreNordic power front edges down on wetter outlook
(Montel) Nordic power futures for delivery next quarter traded down in response to wetter forecasts, ignoring higher…
Read moreSpanish minister backs EUR 180/MWh spot power cap
(Montel) Spain should reinstate a EUR 180/MWh cap on the spot power market to curb spiralling prices precipitated…
Read moreVerbund hedges 23% of 2023 output at EUR 66.70/MWh
(Montel) Austrian utility Verbund had hedged 23% of the planned 2023 hydropower generation at 66.70 EUR/MWh by…
Read moreUS Cheniere to export 20.4mcm/d more LNG to Europe
(Montel) Houston-headquartered energy firm Cheniere, one of the world’s biggest LNG suppliers, is set to export an additional…
Read moreTAP gas flows to Europe hit 10bcm capacity for first time
(Montel) Gas flows to Europe via the Trans Adriatic Pipeline (TAP) reached their full capacity of 10bcm a…
Read moreOrsted seeks alternative after Latvia rejects wind project
(Montel) Orsted is seeking an alternative location to build a large offshore wind farm in the Baltic region…
Read moreNorway and Germany to assess plans for hydrogen pipeline
(Montel) Norway and Germany have agreed to make a joint review over plans to build a hydrogen pipeline…
Read moreEDF to sell additional 19.5 TWh to rivals at cheap rate
(Montel) French utility EDF will sell an additional 19.5 TWh of nuclear power at the regulated Arenh…
Read moreOil prices rise amid risk of Russian supply shortfall
(Montel) Oil prices rose nearly 4% early on Thursday following a warning that sanctions and buyers shunning Russian…
Read moreBerlin to spend EUR 203bn to speed up energy transition
(Montel) Berlin aims to fund the German energy transition and climate protection measures with EUR 203bn by 2026,…
Read moreGerman spot power to gain as wind output wanes
(Montel) German day-ahead power looked set to edge up on Thursday amid below-normal wind output and strengthened…
Read morePower price bidding zone review to begin despite uncertainty
(Montel) European TSOs are set to begin a one-year review of power price bidding zones in the…
Read moreIEA revises down oil demand outlook on growth concerns
(Montel) The International Energy Agency has revised down its global oil demand outlook for 2022, pointing to economic…
Read moreUniper books additional Dutch LNG, will replace Russian coal
(Montel) German utility Uniper has booked more Dutch LNG capacity as it looks to replace Russian gas supply…
Read moreCoal slumps 14% on profit-taking
(Montel) European nearby coal prices plunged more than 14% in Wednesday trading as related market losses triggered widespread…
Read moreGerman April power falls with lower gas price, mild weather
(Montel) Germany’s front-month power contract shed about EUR 6 on Wednesday with lower gas prices as mild weather…
Read moreDry German weather may further hamper coal shipping
(Montel) A relatively dry winter in Germany that persisted this spring could hamper river-borne coal transportation later this…
Read moreEU synchronises power grid with Ukraine, Moldova
(Montel) The electricity grids of Ukraine and Moldova have been successfully synchronised with the “continental European grid” to…
Read moreGas prompt prices ease on mild weather
(Montel) European gas prices retreated on Wednesday after initial gains as markets shrugged off a downturn in…
Read moreFrench solar lobby urges tripling of capacity by 2025
(Montel) France should put in place an “emergency plan” to triple solar capacity by 2025 to 37 GW…
Read morePortugal proposes capping spot power at EUR 180/MWh
(Montel) The Portuguese government was in talks with Spanish counterparts to cap daily and intraday power prices in…
Read moreGerman spot power to fall with more wind
(Montel) German day-ahead power prices looked set to fall on Wednesday on the back of more normal…
Read moreGermany to decide on gas reserve target this week – Green MP
(Montel) The German parliament is set to initially approve draft targets for refilling the country’s gas storage…
Read moreEU protects energy trade as sanctions on Russia tighten
(Montel) The EU has been careful to ensure energy trade with Russia can continue even as it tightens…
Read moreOil prices rebound as supply, geopolitical risks remain
(Montel) Oil prices were trading more than 2% higher early on Wednesday, clawing back from this week’s sharp…
Read moreRussian gas flows slip to lowest since invasion
(Montel) Russian gas exports to northwestern Europe have fallen to their lowest levels since Moscow’s invasion of…
Read morePacific coal prices may more than halve this year – analysts
(Montel) Pacific basin benchmark coal prices could more than halve from current levels by the fourth quarter, as…
Read moreEU bans new investment in Russian energy sector
(Montel) The EU has agreed to ban new investment in Russia’s energy sector as part of a fourth…
Read moreOMV plans to shift away from oil, gas production
(Montel) Austrian oil and gas company OMV plans to shift away from fossil fuels towards carbon capture and…
Read moreEon hedges 78% of its 2022 nuclear generation at EUR 56/MWh
(Montel) German utility Eon's subsidiary Preussen Elektra had hedged 78% of its 2022 nuclear power generation by the…
Read moreEU ministers agree carbon border tax approach
(Montel) EU economy ministers have agreed their basic preferred approach for imposing a carbon border tax on…
Read moreCarbon drops amid correction, gas rebounds
(Montel) European carbon prices were losing ground on Tuesday amid a correction following five straight sessions of gains,…
Read moreEU panel backs keeping carbon reserve intake at 24%
(Montel) A key European Parliament committee has backed keeping the 24% intake rate of EU carbon allowances into…
Read moreGlobal coal supply may slide 7% in March – DBX
(Montel) Global seaborne thermal coal supply could drop 7% on the year in March amid a sharp reduction…
Read moreUK could stop EU GO imports on 31 March 2023 – consultant
(Montel) The UK could stop importing EU guarantees of origin (GOs) on 31 March 2023 unless a system…
Read moreItalian gas imports jump 13% to 5.5bcm in February
(Montel) Italy’s gas imports rose 13% year on year in February to 5.5bcm, or 57.9 TWh, partly thanks…
Read moreOX2 plans 800 MW Finnish onshore wind farm
(Montel) Swedish wind developer OX2 plans an onshore wind farm of up to 800 MW on the west…
Read moreRising inflation, Ukraine crisis may hit oil demand – Opec
(Montel) Spiralling inflation and the escalating war in Ukraine, if sustained, could hit global oil demand and investments…
Read moreEurope faces high energy costs without more renewables – RWE
(Montel) Russia’s war on Ukraine will leave Europe with a legacy of “structurally higher” energy costs until…
Read moreGerman power curve rebounds in line with volatile gas
(Montel) German power contracts rebounded in line with gas prices on Tuesday after several days of losses,…
Read moreGas prices rebound from 2-week lows
(Montel) European gas prices rebounded from two-week lows in early Tuesday trading as a slight drop in Russian…
Read moreNordic front power rebounds on higher German prices
(Montel) Nordic front power contracts rebounded on Tuesday on higher German power prices and a correction. …
Read moreRussia gas exodus may delay UK coal unit’s closure
(Montel) Uniper may prolong the life of a 505 MW coal-fired unit at its 2 GW coal-fired plant…
Read moreNorthvolt to build large battery factory in Germany
(Montel) Swedish firm Northvolt is planning to build a large power-intensive battery cell factory in Heide, northern Germany.…
Read moreUK looks to extend life of nuclear plant by 20 years
(Montel) The UK is looking to extend the lifetime of its Sizewell B nuclear plant (1.2 GW) by…
Read moreGerman energy sector emissions rise 12% in 2021
(Montel) Germany’s energy sector emissions rose 12.4% year on year to 247m tonnes in 2021, as high gas…
Read moreEquinor halts trading of Russian oil amid invasion
(Montel) Norwegian oil and gas major Equinor will halt all trading in Russian oil products following the…
Read moreRWE trading earnings surge 43% in 2021
(Montel) RWE’s trading division earnings jumped 43% off already elevated levels last year to lift the company’s…
Read moreGerman spot power to drop as wind and solar output surge
(Montel) German day-ahead power looked set to sink nearly 25% on Tuesday as forecasts showed wind and…
Read moreFrance launches two floating wind projects (500 MW)
(Montel) France has launched a competitive bidding process for the development of two floating wind farms of 250…
Read moreDutch to curb Groningen quota, boost LNG
(Montel) The Dutch government will likely reduce the amount of gas needed from the Dutch Groningen field in…
Read moreGermany woos South Africa to replace Russian coal
(Montel) Germany’s plan to halt all imports of Russian coal this year has deepened market efforts to secure…
Read moreCrude extends losses as supply concerns ease slightly
(Montel) Crude prices extended losses seen in the prior session on Tuesday as concerns around supply disruptions in…
Read moreGerman hub aims to use up to 10 TWh LNG imports for stocks
(Montel) German gas hub operator THE aims to use up to 10 TWh of imported LNG to help…
Read moreCO2 hits 2-week high amid compliance buying
(Montel) European carbon prices rose by more than 3 EUR to reach a two-week high on Monday, as…
Read moreEU industrials bid to sell hedged gas volumes as costs soar
(Montel) European industrials are seeking to sell hedged gas volumes back into the market as they reduce their…
Read moreSpot coal demand to underpin prices
(Montel) Prompt European coal prices should remain elevated this week, as buyers vied for limited spot material and…
Read moreGerman front-month power falls on easing gas flows concerns
(Montel) German front-month power continued last week’s decline on Monday tracking weaker gas and coal prices amid easing…
Read moreGas front month drops 10% on peace talks, healthy supply
(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub dropped nearly 10% to a two-week low…
Read moreSpain spot power to sink EUR 100 on more renewables
(Montel) Spanish spot power prices could extend losses this week and drop around EUR 100 amid higher…
Read moreLNG imports rise 12% to 3.1bcm
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, increased 12% last week to 3.1bcm, while another…
Read moreNordic power curve on wetter outlook, fuels sell-off
(Montel) Nordic power futures traded down across the board on Monday amid a wetter outlook and a…
Read moreEDF faces EUR 26bn earnings hit due to low output, Arenh
(Montel) French utility EDF’s earnings this year will take a EUR 26.2bn hit due to low nuclear output…
Read moreRussian gas flows remain steady, prices ease
(Montel) Russian gas exports to northwestern Europe were flat on the week on Monday morning, as gas…
Read moreFormer UN secretary general warns UK about fracking return
(Montel) Former UN secretary general Ban Ki-moon has warned the UK about a return to fracking for shale…
Read moreGerman spot power rises with less wind, solar
(Montel) German day-ahead power prices looked set to rise on Monday owing to less wind and solar…
Read moreOil prices remain elevated as war jitters persist
(Montel) Oil prices remained elevated – near multi-year highs – on Monday in volatile trading as an “energy…
Read moreCO2 rises to 10-day high on compliance buying
(Montel) European carbon prices were climbing for the fourth consecutive session on Friday as they hit a 10-day…
Read moreItalian industry needs more aid amid high gas costs – lobby
(Montel) Italy needs to expand current emergency energy-crisis measures to limit the impact of spiralling prices on gas-intensive…
Read moreEC clears taxes on “windfall profits” to curb energy spike
(Montel) European governments were free to tax the unexpected gains of those who profited from a surge in…
Read moreGerman power front month slumps to 10-day low
(Montel) Germany’s front-month power contract fell to a 10-day low on Friday as some concerns about Russian gas…
Read moreOil prices rise as supply disruption concerns persist
(Montel) Brent crude oil prices consolidated above USD 111/bbl early on Friday, following a volatile week amid…
Read moreEurope could boost LNG imports 60% this year – ING
(Montel) Europe has the spare capacity to increase LNG imports by around 68bcm, or 63%, this year from…
Read moreGas price volatility persists on supply disruption fears
(Montel) Gas contracts retraced intraday losses on Friday morning, after opening weaker, amid nervousness about possible supply…
Read moreBKW acquires 6 French wind farms totalling 106 MW
(Montel) Swiss utility BKW has acquired six French onshore wind farms with a total capacity of 105.7 MW,…
Read moreSpain energy use may drop 10% amid high prices – consultant
(Montel) Spanish energy demand could drop about 10% amid spiralling fuel prices and measures to cut European…
Read moreDanish balancing costs jump 50% – TSO
(Montel) Costs to balance demand and supply in the Danish electricity market soared by 50% to a record…
Read moreEU should axe Russian energy by 2027 – von der Leyen
(Montel) The EU should end its reliance on Russian energy imports in five years, European Commission president Ursula…
Read moreEUAs recover on dip buying
(Montel) European carbon prices extended a recovery on Friday to reach roughly 18% higher on the week…
Read moreNordic April power drops amid falling gas prices
(Montel) Nordic front-month power futures traded down for the third session in a row on Friday, amid…
Read moreGerman mild spell to last into April with average wind
(Montel) Germany would see mild weather continuing into April, with near or partially below normal wind production over…
Read moreGerman spot power to ease next week on falling fuels, demand
(Montel) German spot power prices looked set to ease next week amid dropping fuel prices, milder weather…
Read moreDifficult to fast-track Baltic Pipe despite war – agency
(Montel) It will be challenging to complete the 10bcm Baltic Pipe linking Norway, Denmark and Poland earlier than…
Read moreItaly approves construction of 400 MW wind capacity
(Montel) Italy’s cabinet on Thursday approved six wind power projects with a combined installed capacity of around 400…
Read moreUK raises ETS cost curb measure to GBP 102.74 for June
(Montel) The UK has raised the cost curb measure for its UKA emissions certificates by 8% month on…
Read moreEuropean industry urges help from Ukraine war fallout
(Montel) European steel and cement makers have urged greater government support to avert the collapse of energy-intensive…
Read moreGermany targets more than 600 GW renewables by 2045
(Montel) Germany’s government wants the nation’s total renewables capacity to reach more than 600 GW by 2045 to…
Read moreUK sanctions 7 oligarchs, including Gazprom, Rosneft CEOs
(Montel) The UK government has imposed sanctions on seven Russian oligarchs, including the heads of Gazprom and Rosneft,…
Read moreEU needs immediate measures to cut Russian gas use – experts
(Montel) Europe should move "immediately" to cut gas demand across the region faced with Russia’s threat to halt…
Read moreEnergy complex slips as Russia supply fears ebb
(Montel) European gas and coal contracts eased while carbon extended a recovery on Thursday, as fears of…
Read moreInfrastructure needed to meet wind targets – German lobby
(Montel) Germany must ramp-up manufacturing and infrastructure capacity to meet offshore wind targets by 2030, said lobby group…
Read moreMaersk signs clean fuels deal requiring 2.9 GW green power
(Montel) Danish shipping giant Maersk has signed several deals for so-called green methanol for its container ships by…
Read moreEU must invest EUR 300bn in renewables to curb gas – report
(Montel) Europe would need to plough EUR 300bn into new wind and solar projects up to 2025 in…
Read moreGerman power curve prices fall on steady gas flows
(Montel) Prices along the German power curve fell on Thursday on steady gas flows from Russia amid its…
Read moreAsia-Pacific coal index extends record above USD 400/t
(Montel) The Pacific basin’s leading coal index surged another 33% this week to a fresh record above…
Read moreGas prices slide amid sanctions dearth, ample flows
(Montel) European gas prices slipped further in early Thursday trading, as the West’s reluctance to impose significant sanctions…
Read moreNasdaq Nordic volumes drop 50% on uncertainty
(Montel) Nordic financial power volumes traded or cleared at Nasdaq plunged 50% year on year in January-February amid…
Read moreNordic power front extends losses on flagging gas prices
(Montel) Nordic near-term power futures continued to fall on Thursday amid weaker European fuels prices and an…
Read moreRussian troops attack gas pipeline facilities – TSO
(Montel) Russian troops have attempted to gain access to compressor stations of Ukraine’s gas transmission system (GTS), raising…
Read moreDiversifying from Russian gas a threat to EU winter stocks
(Montel) Europe would struggle to replenish gas inventories sufficiently ahead of next winter if it shunned Russian imports,…
Read moreOwner of Russian coal producer resigns after sanction
(Montel) Andrey Melnichenko, the main shareholder of Russia’s largest coal producer Suek, has resigned, the firm said on…
Read moreGermany to put condemned lignite units in reserve – minister
(Montel) Germany plans to put some lignite-fired units earmarked for closure in a reserve scheme in order to…
Read moreBrent crude steadies after 13% drop on UAE support
(Montel) Brent crude oil prices steadied early on Thursday following a 13% drop in the previous session when…
Read moreEC considers wholesale gas price cap
(Montel) The European Commission is mulling a proposal to cap wholesale gas prices in a bid to prevent…
Read moreGermany mulls delaying coal exit tenders amid supply crisis
(Montel) Germany’s economy ministry is assessing whether to postpone future tenders for hard coal-fired power plant closures due…
Read moreAcer, regulators close to agreement on 70% cross-border rule
(Montel) EU regulatory agency Acer and the bloc’s national regulators are set to harmonise their approach on…
Read moreItaly’s Draghi urges regions to speed up renewables permits
(Montel) Italian prime minister Mario Draghi on Wednesday urged regions to expedite permits for new renewables facilities, which…
Read moreCO2 gains on coal demand expectations
(Montel) European carbon prices continued to rise on Wednesday – after the sharp rebound the previous day –…
Read moreEngie extends LNG contract with US firm Cheniere
(Montel) French utility Engie has extended a contract with US LNG supplier Cheniere by nine years and nearly…
Read moreChernobyl plant in “emergency shutdown” – operator
(Montel) Ukrainian nuclear plant operator Energoatom has performed an “emergency shutdown” at its Chernobyl plant, which recently fell…
Read moreGerman front-week power dives EUR 100 on gas sell-off
(Montel) Power contracts for the coming weeks dived EUR 100 on Wednesday amid a gas sell-off but…
Read moreOil prices rise 2% after US, UK ban Russian imports
(Montel) Oil prices traded around 2% higher early on Wednesday, after the US said it would ban imports…
Read moreEfet suspends Gazprom trading due to Ukraine war
(Montel) The European Federation of Energy Traders (Efet) has suspended the membership of Gazprom Marketing and Trading…
Read moreGas sell-off continues as Russian flows rise
(Montel) European gas contracts continued to shed value for a second day on Wednesday amid doubts about a…
Read moreGerman 12bcm/year Stade LNG project plans 2026 start-up
(Montel) A 12bcm/year LNG project at Stade in Germany plans to submit approval documents by Easter and aims…
Read moreFinland unlikely to licence 1.2 GW reactor – minister
(Montel) Finland is unlikely to grant a construction licence for Fennovoima’s planned 1.2 GW nuclear reactor amid the…
Read moreNorway regulator probes NSL Remit messages linked to GOs
(Montel) Norway’s regulator is investigating messages posted by several Denmark-based firms on Nord Pool’s urgent market message board…
Read moreUS bans energy imports from Russia – Biden
(Montel) The US has banned energy imports from Russia, as Washington steps up measures to punish Moscow…
Read moreNordic power futures shed EUR 12 on flagging fuels markets
(Montel) Nordic power futures fell on Wednesday in line with flagging German power and fuel markets, albeit amid…
Read moreHeightened risk of Ukraine transit pipeline damage – analyst
(Montel) An escalation over the past week of the Russia-Ukraine conflict has increased the risk of damage to…
Read moreCrisis may prolong life of Estonian oil shale plants
(Montel) Estonia is likely to keep some of its ageing oil shale fleet in operation longer than expected…
Read moreUS maintains 16% LNG export growth outlook for 2022
(Montel) US LNG exports should grow 16% this year, unchanged from last month’s percentage outlook, as European demand…
Read moreFrance could boost LNG capacity by up to 15% in “weeks”
(Montel) France could boost its LNG regasification capacity by up to 15% in the "next few days or…
Read moreShell to halt Russian spot oil purchases, withdraw from gas
(Montel) Shell will halt all spot purchases of Russian crude oil and begin a “phased withdrawal” from gas…
Read moreCarbon rebounds with largest ever euro gain
(Montel) European carbon prices jumped by EUR 10 on Tuesday in their largest single-day gain in euros…
Read moreEnel resumes plan to build LNG terminal
(Montel) Italian utility Enel has resumed its plans to build an LNG terminal in an effort to reduce…
Read moreUK needs framework for long-term LNG deals – economist
(Montel) The UK government should define a policy framework enabling the country to purchase more LNG through long-term…
Read moreEU could cut Russian gas imports by 100bcm this year – EC
(Montel) The EU could cut its Russian gas imports by an estimated 100bcm by the end of this…
Read moreItaly to wean itself off Russian gas by 2025 – minister
(Montel) Italy should become fully independent from Russian gas by 2025 as the government works to diversify its…
Read moreCO2 emissions from energy soar 6% in 2021 – IEA
(Montel) Global energy-related CO2 emissions rose by 6% last year to 36.3bn tonnes, driven largely by coal, as…
Read moreEC wants gas storage 90% full by 1 October each year
(Montel) The European Commission wants EU gas storage to be at least 90% full ahead of the winter…
Read moreGermany sees no scope for nuclear extensions
(Montel) Germany’s economy and environment ministries recommended on Tuesday against extending the lifespans of the country’s three…
Read moreGas, coal retreat amid sanctions dithering
(Montel) Gas and coal dropped sharply on Tuesday amid indications that Europe would avoid sanctions on Russian energy…
Read moreGas pulls back after early spike on Russia threat
(Montel) European gas contracts were falling on Tuesday after spiking at the market open on a threat from…
Read moreGerman power curve hits new high as energy supply fears grow
(Montel) Benchmark German power prices rose to a fresh record high on Tuesday, as markets nervously awaited…
Read moreOil prices remain elevated as US continues to mull ban
(Montel) Oil prices remained elevated on Tuesday but off prior 13-years highs as the US continued to mull…
Read moreGerman spot power set to top EUR 400 again for Wednesday
(Montel) German day-ahead power looked set for prices in excess of an eyewatering EUR 400/MWh a day…
Read moreLNG imports fall 18% to 2.5bcm last week
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 18% last week to 2.5bcm, with another 33…
Read moreCoal, nuclear can help speed switch from Russian gas – EC
(Montel) Using coal and nuclear for longer could help the EU reduce its dependence on Russian gas more…
Read moreNew minister says Norway needs more green energy
(Montel) Norway must build more renewable power generation to remain a competitive location for power intensive industries, said…
Read moreRussia threatens to cut off gas in retaliation for oil ban
(Montel) Russia has threatened to cut off gas supplies to Europe if the West bans oil imports from…
Read moreEU gas suppliers to focus on storage amid record prices
(Montel) EU gas suppliers are acutely aware of the need to act on high consumer prices and are…
Read moreUniper writes down EUR 1bn in NS2, commits to gas imports
(Montel) German utility Uniper will write down its near EUR 1bn stake in the Russian-backed Nord Stream 2…
Read moreGas contracts retreat amid profit-taking
(Montel) European gas contracts surged to record highs on Monday but saw a sell-off in the afternoon…
Read moreNo energy sanctions on Russia – Rutte
(Montel) Europe does not plan to impose sanctions on Russian energy exports for fear of risking security of…
Read moreRotterdam still allowing Russian coal, but arrivals to slow
(Montel) Europe’s largest port is still allowing deliveries of Russian coal, but sources close to the hub anticipate…
Read moreSurging fuels catapult German spot power to historic peak
(Montel) German power spot prices leapt to a new record high on Monday driven by surging gas and…
Read moreNordic hourly spot prices hit record highs
(Montel) Hourly spot power prices in southern parts of Scandinavia hit record highs for Tuesday amid strong European…
Read moreCarbon tumbles as panic sends gas market soaring
(Montel) European carbon prices tumbled on Monday morning as a fear of energy sanctions on Russia sent…
Read moreCoal market eyes new price highs
(Montel) European coal prices look set to make further gains this week, after hitting a new high of…
Read moreFrench Storengy fails to sell storage amid high gas prices
(Montel) France’s Storengy failed to sell all its remaining winter gas storage capacity at extended auctions last week,…
Read moreOil spikes 10% as US, allies may ban Russian crude
(Montel) Oil spiked 10% to its highest point since 2008 on Monday amid comments from the US it…
Read moreDisruption fears drive gas up over EUR 140 to new highs
(Montel) Front month TTF gas prices surged over EUR 140 to new record highs in early Monday trading,…
Read moreGerman spot power eyes record amid spiralling fuel prices
(Montel) German day-ahead power prices looked set to rise to a fresh record on Monday amid skyrocketing fuel…
Read moreGerman April power hits record EUR 675/MWh on supply fears
(Montel) German April power soared to a record EUR 675/MWh on Monday morning amid fears of a western…
Read moreEuropean coal hits USD 500 on disruption concerns
(Montel) European coal prices hit record highs of USD 500/t in early Monday trading amid concerns of tightening…
Read moreEU faces “extreme scenario” without Russian gas – Engie boss
(Montel) Europe faces an “extreme scenario” if the region halts Russian gas flows amid the war in Ukraine,…
Read moreDenmark pledges independence of Russian gas
(Montel) The Danish government has agreed with main opposition parties to become independent from Russian gas imports amid…
Read moreRussian gas flows remain elevated this morning
(Montel) Russian gas exports to northwestern Europe were up marginally on the week on Monday morning as…
Read moreTotalEnergies to remain invested in Russia – report
(Montel) French energy major TotalEnergies has no plans to exit its Russian businesses unless forced to do…
Read moreGerman minister warns against energy sanctions on Russia
(Montel) An immediate halt to oil and gas imports from Russia would jeopardise security of supply in Europe…
Read moreUK MPs call for more floating wind, shale gas U-turn
(Montel) A group of UK MPs have called on the government to boost the country’s targets for floating…
Read moreRWE, KFW bank, Gasunie sign deal for German LNG teminal
(Montel) Germany’s state-owned KFW bank, utility RWE and gas TSO Gasunie have signed a memorandum of understanding to…
Read moreGerman coalition backs Habeck opposition to energy sanctions
(Montel) The German economy minister’s opposition to extending sanctions on Russia to the country’s energy exports enjoyed…
Read moreLatvenergo buys 2 TWh gas from Norway, US, Qatar
(Montel) Latvian energy group Latvenergo has bought 2 TWh of LNG from Norway, the US and Qatar to…
Read moreItaly regasification capacity no substitute for Russia halt
(Montel) Italy’s current regasification capacity would be insufficient to handle an increase in LNG deliveries should the country…
Read moreBavaria mulls restart of 1.3 GW reactor amid crisis
(Montel) The German state of Bavaria is mulling the restart of the decommissioned Gundremmingen C nuclear power plant…
Read morePGNiG schedules record 0.5bcm LNG to Poland in March
(Montel) Poland's gas monopoly PGNiG has contracted 5 LNG carriers to the country this month, equivalent to a…
Read moreGascade frees up grid capacity for more LNG
(Montel) German gas grid operator Gascade has increased injection capacity from the Netherlands and Belgium in anticipation…
Read moreFrance faces serious hurdles to replace Russia gas – experts
(Montel) France could replace its 100 TWh/year of Russian gas imports with LNG, biogas, and hydrogen but it…
Read moreGas hits highs as war compounds supply concerns
(Montel) European gas contracts soared to fresh record highs on Friday afternoon as Russia’s ongoing war in Ukraine…
Read moreCold to put energy system under "unprecedented” strain
(Montel) Europe is facing the coldest period since December, which should boost gas demand for heating as prices…
Read moreCarbon price volatility to persist as war rocks markets
(Montel) European carbon prices were climbing on Friday but set to remain highly volatile in the coming days…
Read moreCrude climbs amid Ukraine conflict supply concerns
(Montel) Crude oil gained early on Friday on ongoing supply worries as traders avoided buying Russian oil products…
Read moreCoal prices resume upward surge to USD 400/t
(Montel) European coal prices resumed their upward surge in early Friday trading amid overriding supply concerns, with prompt…
Read moreNordic power front rises on stronger fuel, German prices
(Montel) Nordic power futures continued to rise on Friday morning on the back of stronger fuel and German…
Read moreRussian LNG struggles to find buyers – experts
(Montel) Russian LNG cargoes are struggling to find buyers, with vessels diverted to alternative destinations, offering discounts or…
Read moreCoal nosedives from record highs
(Montel) European coal prices hit fresh record highs early on Thursday, as global efforts to replace Russian supplies…
Read moreRussia seizes Europe's biggest nuclear plant
(Montel) Russian troops captured Zaporizhzhia, Europe's biggest nuclear power plant (5.7 GW), in southeast Ukraine on Friday morning…
Read moreWar shows EU needs higher, 45% renewables 2030 target – MEP
(Montel) Russia’s war with Ukraine shows the EU needs a higher, 45% renewables target for 2030 to reduce…
Read moreGerman spot power eyes record amid fuel surge, low wind
(Montel) German spot power prices looked set to jump over 40% to record levels next week amid…
Read moreUK should exploit own gas supply more – parliamentary panel
(Montel) The UK government should boost exploitation of the country’s domestic natural gas resources to ensure security of…
Read moreEC to propose EU gas storage measures next week
(Montel) The European Commission will propose gas storage measures next week to help mitigate the impact of any…
Read moreEnergy prices ease after spiking to record highs
(Montel) European coal, power and gas prices eased in Thursday afternoon trading after surging to new highs earlier…
Read moreFront-month gas hits record high in supply fears
(Montel) The European benchmark gas contract soared to a record high on Thursday morning amid fears that Russia’s…
Read moreGerman April power leaps to record high EUR 400
(Montel) German April power prices leapt to a record high EUR 400/MWh earlier on Thursday as gas supply…
Read morePolish utility offers to launch 1.3 GW Ukraine-Poland link
(Montel) Polish utility Ze Pak has offered to modernise and re-launch an idle 1.3 GW power link between…
Read moreGO prices ease across the board on increased supplies
(Montel) Guarantees of origin (GO) prices for all production years have edged lower in the week to Thursday,…
Read moreCrude hits nine-year high on Ukraine war supply worries
(Montel) Crude oil hit a nine-year high early on Thursday on uneasiness about the supply fallout of Russia’s…
Read moreFrance faces high gas prices without Russian flow – analysts
(Montel) France faces “stratospheric” prices for its gas supply if Russian flows are cut off and the country…
Read moreFortum halts new Russian investments
(Montel) Finnish utility Fortum has stopped all new investment projects in Russia until further notice, it said on…
Read moreGerman spot power to rise on gas, colder outlook
(Montel) German day-ahead power looked set to rise 11% on Thursday, as jumping gas costs and forecasts…
Read moreNord Stream 2 exit would cost Engie near EUR 1bn
(Montel) French utility Engie would lose EUR 987m if it pulled out of the Nord Stream 2 gas…
Read moreFortum hedges half of 2023 output at EUR 31/MWh
(Montel) Finnish utility Fortum hedged half its expected power output for 2023 by the end of last year…
Read moreWintershall writes off EUR 1bn investment in Nord Stream 2
(Montel) German energy company Wintershall Dea said it is writing off its investment of about EUR 1bn in…
Read moreFuels spike as market scrambles for supply
(Montel) European fuel prices spiked to fresh record highs on Wednesday as buyers scrambled to secure supply and…
Read moreBaltic TSOs to cut Russia power import capacity by 80%
(Montel) The Latvian, Lithuanian and Estonian TSOs will cut power imports from Russia by around 80% from maximum…
Read moreCarbon dives to 19-week low of EUR 55/t
(Montel) European carbon prices crashed on Wednesday to a 19-week low, as speculators and Russian entities continued to…
Read moreNordic April, Q2 power spiral to high on fuels surge
(Montel) Nordic power futures spiralled to record highs on Wednesday amid skyrocketing fuels prices on the back…
Read moreSpain extends emergency energy measures amid Ukraine crisis
(Montel) Spain has extended emergency measures to tackle spiralling energy prices amid the impact of the Russia-Ukraine…
Read moreCoal skyrockets USD 80 to new multi-year highs
(Montel) European coal prices soared nearly 30% to fresh multi-year highs in early Wednesday trading as buyers shunned…
Read moreEuropean gas surges 50% to record high near EUR 200
(Montel) European gas prices surged on Wednesday morning to a record high of almost EUR 200/MWh as…
Read moreUK TSO seeks clarity on blocking Russian LNG imports
(Montel) UK TSO National Grid is seeking clarity from the UK government on whether to block cargoes of…
Read moreOil prices jump to near 8-year highs on supply fears
(Montel) Oil prices rose to near eight-year highs as the International Energy Agency’s (IEA) decision to release 60m…
Read moreGerman spot power eyes 5-week high
(Montel) German day-ahead power prices looked set to reach their highest levels in five weeks on Wednesday…
Read moreOMV considers Nord Stream 2 exit
(Montel) Austrian oil and gas company OMV is considering abandoning its financial investment in the Russian-backed gas pipeline…
Read moreExxonMobil to discontinue Russian operations, investments
(Montel) US energy firm ExxonMobil will discontinue operations at Russia’s Sakhalin 1 oil field and make no new…
Read moreGas prices gain on Russian LNG supply fears
(Montel) European gas prices extended gains on Tuesday amid concerns about Russian LNG arrivals and fuel shortages,…
Read moreSurging coal underpins jittery gas market
(Montel) Coal prices on Tuesday soared to their highest levels in many years as buyers feared widespread disruption,…
Read moreTotalEnergies to halt investment for new projects in Russia
(Montel) TotalEnergies will “no longer provide capital for new projects in Russia” in the wake of the Russian…
Read moreGerman energy traders shun Gazprom deals on sanction fears
(Montel) At least three small German utilities are shunning new deals with Gazprom’s trading arm in London, sources…
Read moreGerman power surges on fears of gas supply loss
(Montel) German power contracts surged amid higher gas prices on Tuesday, as the market still feared a…
Read moreFinland could cope without Russian power supplies – TSO
(Montel) Finland’s power supply would be secure even if Russia halted exports to its neighbouring country due to…
Read moreNordic power extends gains on higher fuels, cold spell
(Montel) Nordic power futures continued to climb on Tuesday amid stronger European fuels prices, exacerbated by fears…
Read moreCarbon prices fall 4% to 6-week low
(Montel) European carbon prices plunged 4% to a six-week low on Tuesday, pressured by continued financial entities liquidation…
Read moreEU LNG arrivals to rise despite Russia concerns – experts
(Montel) European LNG vessel arrivals are set to rise over the next four weeks following an end to…
Read moreNuclear investors urge Dutch to commit to new plants
(Montel) Potential investors in new Dutch nuclear plants are calling on the government to prove it is serious…
Read moreCoal surges to multi-year highs as buyers snub Russia
(Montel) European coal prices on Tuesday soared nearly USD 50 to their highest levels for at least 16…
Read moreEU prepared for Russia gas cuts, can survive winter – Simson
(Montel) The EU is prepared for Russia to cut gas supplies in response to sanctions and can get…
Read moreItaly may cut gas use by power plants on supply concerns
(Montel) Italy may curb gas consumption in power plants as part of new preventive measures approved late on…
Read moreBerlin faces energy policy overhaul due to Russia rift
(Montel) Russia’s invasion of Ukraine has shattered German policy assumptions and forced a sweeping revision of parties’…
Read moreGerman spot power eyes 16% rise as wind slumps
(Montel) German day-ahead power prices looked set to gain around 16%, or around EUR 39, on Tuesday…
Read moreFinland’s Neste replaces Russian crude with alternatives
(Montel) Finnish oil major Neste is replacing Russian crude oil with alternatives, such as North Sea oil, at…
Read moreEU needs more gas links, must end Russia reliance – Spain
(Montel) The EU should speed up the development of gas pipelines, including a new conduit linking Spain…
Read moreOil prices remain elevated as Russian sanctions bite
(Montel) Oil prices remained elevated on Tuesday as the crisis in Ukraine showed no sign of ending –…
Read moreEC plans joint gas buying move to fill storage before winter
(Montel) The European Commission plans a strategic joint gas buying pilot to fill storage ahead of next winter,…
Read moreShell exits joint LNG, NS2 projects with Gazprom
(Montel) Energy giant Shell will exit its joint ventures with Russia’s Gazprom, including its involvement with the Nord…
Read moreGermany to target carbon neutrality in power mix by 2035
(Montel) The German government aims to reach carbon neutrality in the country’s power mix by 2035, effectively ending…
Read moreEnergy complex mixed as market tracks Ukraine
(Montel) European gas prices trimmed robust gains from earlier in the day, while coal kept rising and CO2…
Read moreEC to offer guidance on taxing windfall profits
(Montel) The European Commission plans to offer guidance on taxing windfall profits in the power sector created by…
Read moreEC wants more public, detailed carbon market data
(Montel) The European Commission wants more public, detailed data on trading carbon emission allowances and their derivatives to…
Read moreGerman power curve gains on fears about energy flows
(Montel) German power curve prices gained on Monday, as Russia’s attack on Ukraine continued to heighten market fears…
Read moreCoal prices jump 20% amid conflict fears
(Montel) European coal prices jumped sharply in early Monday trading, driven by initial gains in the gas markets…
Read moreEDF sees 1,330 reactor outage extension days in 2021
(Montel) EDF extended planned outages at its 56 French nuclear reactors by a total of 1,330 days last…
Read moreSpain power spot, forwards extend gains on higher gas
(Montel) Spanish power spot and futures prices were set for further gains this week, as gas prices…
Read moreGas surges EUR 30 as war in Ukraine persists
(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub soared more than EUR 30 on Monday…
Read moreRussia gas payments can continue despite sanctions – Germany
(Montel) Payments for Russian gas will continue despite tighter western sanctions at the weekend that selectively target…
Read moreEU to seek Ukraine-Europe grid synchronization
(Montel) EU energy commissioner Kadri Simson will ask European energy ministers later on Monday to support emergency synchronization…
Read moreGazprom plans no gas auctions to EU this week
(Montel) Gazprom plans no sales of gas to European customers via its electronic sales platform for the 23rd…
Read moreCarbon slumps following weekend’s tighter Russia sanctions
(Montel) European carbon prices slumped EUR 6 on Monday after Western nations stiffened their sanctions against Russia’s…
Read moreNordic prices surge to record on fuel rally, drier outlook
(Montel) The Nordic Q2 contract jumped more than EUR 6 to a year high on Monday, while the…
Read moreNo immediate threat to Danish gas supply – agency
(Montel) There is no immediate threat to Danish gas supply despite Russia’s invasion of Ukraine continuing unabated, said…
Read moreEU energy ministers to hold emergency meeting
(Montel) EU energy ministers will hold an emergency meeting later today on concerns energy supplies will be disrupted…
Read moreEU gas prices spike 35% as Russian onslaught persists
(Montel) European gas prices surged over 35% in early Monday trading as Russia continued its invasion of Ukraine,…
Read moreGerman spot power to rise 20% as wind, solar output drops
(Montel) German day-ahead power prices looked set to rise around EUR 42 on Monday, as forecasts indicated a…
Read moreOil exceeds USD 100 on supply fears as crisis intensifies
(Montel) Oil prices exceeded USD 100/bbl and hit a 7.5-year high on Monday as the Ukraine crisis intensified,…
Read moreItaly to incentivise early filling of gas storage sites
(Montel) Italy is considering “exceptional” measures to incentivise gas storage replenishment, it said on Saturday amid the ongoing…
Read moreBP exits stake in Rosneft due to Russian “aggression”
(Montel) BP will exit its 19.75% stake in Russian state-owned oil firm Rosneft, due to Russia’s continuing attack…
Read moreCO2 prices stabilise after rout as sanction fears ease
(Montel) European carbon prices stabilised on Friday and stood only slightly lower on the week as energy…
Read moreLong-term gas rise may lift German power to EUR 160 – expert
(Montel) Gas prices rising in the long run amid Russia’s invasion of Ukraine and supply uncertainty could drive…
Read moreNord Stream 2 gas pipeline is “dead” – analysts
(Montel) The controversial Nord Stream 2 pipeline is unlikely to go ahead in light of Russia’s decision…
Read moreGerman power prices plummet on higher Russian gas flows
(Montel) German power prices fell sharply on Friday, as Russian gas deliveries to western Europe increased despite the…
Read moreGas prices slump after rise on supply uneasiness
(Montel) European gas prices slumped on Friday in the wake of buying in the previous session on supply…
Read moreNordic front power tumbles EUR 9 on gas price correction
(Montel) Nordic front-month power plummeted EUR 9 on Friday amid a sharp downward correction in the European…
Read moreRussian gas flows rise 7% despite Ukraine invasion
(Montel) Russian gas exports to northwestern Europe were up 7% on Friday morning despite the country’s invasion…
Read moreCrude oil climbs amid Russian supply uncertainty
(Montel) Crude oil was higher early on Friday, as uncertainty about potential disruptions in Russian oil supplies and…
Read moreEU targets Russia’s oil refineries in new sanctions
(Montel) EU leaders have agreed to widen sanctions on Russia for invading Ukraine to include an export ban…
Read moreNorway gas TSO prepares for possible Russian cyber-attack
(Montel) Norwegian gas TSO Gassco has warned of the potential for cyber-attacks following the escalating conflict between Russia…
Read moreGerman spot power to double on less wind, fuel surge
(Montel) German spot power prices were on course to double next week amid reduced wind generation and…
Read moreEnergy prices soar across board on Ukraine invasion
(Montel) Energy prices soared on Russia’s full-scale invasion of Ukraine on Thursday as markets weighed the possible…
Read moreGerman energy supply secure but action required – minister
(Montel) Germany’s energy supply is secure for the winter with sufficient reserves, though the country would implement…
Read moreKey Russian Black Sea coal terminal “operating as usual”
(Montel) Russia’s main southwestern coal export terminal at Taman has not been affected by the conflict in nearby…
Read moreGerman power curve hits record highs on supply uncertainty
(Montel) The German power curve jumped on Thursday on fuel supply uncertainty after Russia attacked Ukraine, with some…
Read moreCoal prices spike by a quarter on supply fears
(Montel) European coal prices spiked by around 26% to more than four-month highs in Thursday trading on fears…
Read moreCrude prices top USD 100 on Russian invasion of Ukraine
(Montel) Crude oil soared past USD 100 for the first time since 2014 early on Thursday as Russia…
Read moreUkraine crisis poses “major risk” to 1.2 GW Finnish reactor
(Montel) The Russian invasion of Ukraine poses a “major risk” to the 1.2 GW Hanhikivi 1 project, Finnish…
Read moreEU gas storage refill ahead of winter “could cost EUR 80bn”
(Montel) Filling EU gas storage facilities ahead of winter in the event of a full curtailment of Russian…
Read moreGas prices hit 2-month high on Russia supply concerns
(Montel) European gas contracts soared to two-month highs on Thursday, as a full-scale Russia invasion of Ukraine…
Read moreEU expects robust LNG imports on weak Russia flows – experts
(Montel) Robust LNG imports so far this year will likely persist into summer, with Russian flows likely to…
Read moreEU in urgent talks on more severe Russia sanctions
(Montel) EU leaders will discuss further sanctions against Russia for its military incursion into Ukraine at a hastily…
Read moreRussia unlikely to halt gas flows to Europe – analysts
(Montel) Russia is unlikely to halt gas exports to Europe in the wake of its invasion of Ukraine,…
Read moreRussian military action might delay 1.2 GW Finnish reactor
(Montel) Construction of nuclear developer Fennovoima’s 1.2 GW Finland plant could be delayed if Russian military action and…
Read moreGerman power curve jumps EUR 20 on invasion, spot eases
(Montel) German benchmark power prices soared EUR 20 as fuel prices jumped on Russia’s invasion of Ukraine…
Read moreUkraine severs power links with Russia, Belarus
(Montel) Ukraine has disconnected its power grid with Russia and Belarus following Russian military action on its territory,…
Read moreNordic power prices jump on fuel gains amid Ukraine attack
(Montel) Nordic power prices soared early on Thursday, as the Russian invasion of Ukraine sent German power and…
Read moreNo “quick fix” to boost Norway gas exports to EU – Equinor
(Montel) Norway is already exporting gas at maximum capacity to the EU and there is no “quick fix”…
Read moreUS sanctions Nord Stream 2 developer
(Montel) The US has imposed sanctions on Nord Stream 2 AG, the company developing Russia’s pipeline to…
Read moreGas, power, coal prices soar as Russia invades Ukraine
(Montel) European gas, power and coal prices soared – with gas up as much as 40% to around…
Read moreRussian gas flows rise 10% despite attack on Ukraine
(Montel) Gas flows from Russia via two key conduits rose by around 10% on the day, system operator…
Read moreNorway, Spain to have lowest H2 costs by 2030 – Aurora
(Montel) Norway and Spain will see the lowest electrolysis costs of around EUR 3/kg for the production of…
Read moreFinland has enough gas even if Russia turns off taps – TSO
(Montel) There will be enough gas to supply the Finnish market even if Russia cuts off flows, TSO…
Read moreCarbon, coal rise amid gas stock fears
(Montel) European carbon and coal prices rose on Wednesday to recent highs amid unease about the ripple effects…
Read moreMarket interventions don’t work – Iberdrola CEO
(Montel) Market interventions to curb power prices do not work in the long run, the CEO of Spanish…
Read moreColder outlook to lift German gas demand amid supply fears
(Montel) A colder weather outlook could lift German gas demand over the coming weeks, aggravating an already tight…
Read moreItaly could run out of gas due to Russia crisis – analysts
(Montel) Italy would only have gas supplies to last a few weeks if Russia halted flows amid the…
Read moreNorway, EU aligned in move away from gas – PM
(Montel) Norway and the EU are aligned in their understanding that unabated natural gas is a transitional energy…
Read moreCO2 hits 2-week peak on potential for higher coal burn
(Montel) European carbon prices jumped to a two-week high above EUR 95/t on Wednesday in reaction to the…
Read moreGerman Cal 23 power hits record high on supply unease
(Montel) German power prices rose on Wednesday amid gas supply fears surrounding Russia-Ukraine tension and an illiquid market…
Read moreGas rally continues as market awaits clarity on Ukraine
(Montel) European forward gas prices extended their rally for a second day on Wednesday as “nervous” markets eyed…
Read moreBerlin could still cancel Nord Stream 2 – minister
(Montel) Berlin could still cancel the contested Nord Stream 2 pipeline project, after freezing the certification process on…
Read moreCoal jumps to 4-month high as supply concerns persist
(Montel) European coal prices surged to four-month highs in Wednesday trading, as Russia’s military presence in eastern Ukraine…
Read moreNordic front-month power jumps near EUR 10 on fuels rally
(Montel) Nordic front-month power jumped nearly EUR 10 on Wednesday amid a continuing fuels rally on the…
Read moreGerman power to trade flat as demand offsets rising wind
(Montel) German day-ahead power prices looked set to remain flat on Wednesday as rising wind power generation…
Read moreSanctions could hit Uniper’s Russian business
(Montel) International sanctions targeting Russia could also impact German utility Uniper’s Russian business interests, including its subsidiary…
Read moreEC backs Nord Stream 2 delay, urges switch from Russian gas
(Montel) Germany is right to reassess if Russia’s 55bcm/year Nord Stream 2 gas link project is required, said…
Read moreRussia threat drives up energy complex
(Montel) European energy prices rose sharply in Tuesday trading after Russia’s military incursion into eastern Ukraine triggered fears…
Read moreEnergy spikes on reports of Russian troops entering Ukraine
(Montel) European energy prices spiked on Tuesday on reports of Russian troops entering eastern Ukraine, raising the threat…
Read moreAnalysts shrug off impact of NS2 halt on gas supply
(Montel) European energy analysts on Tuesday broadly downplayed any potential impact to Russian gas supply in light of…
Read moreEurope utilities prepare for disrupted Russia gas – Eurasia
(Montel) European utilities are preparing for likely disruptions to Russian piped gas supply due to infrastructure damage or…
Read more“We must be prepared for Russia gas flow halt” – Swedish MEP
(Montel) Europe must be prepared for an interruption of Russian gas flows due to the current crisis in…
Read moreEU to impose limited sanctions on Russia
(Montel) The EU will table sanctions against Russian entities later on Tuesday that largely focus on breakaway…
Read moreGas prices spiral on NS2 halt, Russia-Ukraine escalation
(Montel) European front-month gas prices spiralled near EUR 10 on Tuesday as Germany halted the approval process of…
Read moreLNG imports sink 28% to 2.6bcm last week
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, sank 28% last week to 2.6bcm, though another 44…
Read moreScholz halts certification of Nord Stream 2 gas pipeline
(Montel) German chancellor Olaf Scholz has ordered a halt to the certification of the Nord Stream 2 gas…
Read moreNordic power front jumps EUR 4 on drier outlook
(Montel) Nordic power futures rose sharply on Tuesday morning in response to drier forecasts and higher fuel prices…
Read moreSpain gas supply solid amid Ukraine crisis – Enagas
(Montel) Spain was in a “slightly better position” than the rest of Europe regarding security of gas supply…
Read moreRussian gas flows unaffected by conflict – Refinitiv
(Montel) Russian gas exports to northwestern Europe along two key conduits were little changed early Tuesday, with flows…
Read moreEU coal jumps USD 14 as Ukraine crisis stokes supply fears
(Montel) European front-month coal prices jumped 8%, or nearly USD 14, in early Tuesday trading as reports of…
Read moreOil hits 7-year high as Putin orders troops into Ukraine
(Montel) Brent crude oil prices hit a seven-year high on Tuesday as war came a step closer with…
Read moreGerman spot power set for 9% jump on lower wind output
(Montel) German day-ahead power prices looked set to rise around 12%, or EUR 15, on Tuesday as forecasts…
Read moreCO2 rises on strong auction, compliance buying
(Montel) European carbon prices climbed on Monday amid support from a strong allowance auction, solid compliance buying and…
Read moreDelayed coal supplies underpin prices
(Montel) European coal prices rose in early Monday trading, with the prompt contract this week likely to draw…
Read moreGerman power gains on Russia-Ukraine tension, stronger CO2
(Montel) German power contracts gained on Monday amid ongoing Russia-Ukraine tension and a stronger carbon market.…
Read moreStorms continue to impact EU coal import operations
(Montel) Storms have impacted operations at northwest Europe’s largest coal import hubs in the Netherlands and Belgium since…
Read moreNordic Elcerts finance 53 TWh at closure, exceed target
(Montel) The joint Swedish-Norwegian Elcert scheme for financing new renewables output contributed to 53.3 TWh by its closure…
Read moreEC to consider compulsory gas reserve levels – commissioner
(Montel) The European Commission will assess if the bloc needs to establish compulsory levels for gas storage ahead…
Read moreSpanish spot power to rebound on less wind
(Montel) Spanish spot power prices looked poised to rebound around EUR 8 this week amid lower wind…
Read moreEurope able to cope with tight winter gas market – EC
(Montel) The EU should be able to cope with a tight gas market this winter despite reduced supply,…
Read moreEurope and Asia may see LNG “price war” in Q2 – analysts
(Montel) Rising Asian LNG restocking demand at a time of below-normal Russian pipeline supply into Europe could lead…
Read moreNordic front power softens as wet, mild outlook persists
(Montel) Nordic front power contracts edged down on Monday amid a continuous wet and mild outlook. …
Read moreMarch gas drops EUR 1 on higher Norway flows, strong wind
(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub fell EUR 1 on Monday amid rebounding…
Read moreUniper extends outages at storm-hit 1.4 GW UK plant
(Montel) Uniper has extended unplanned outages at its 1.4 GW gas-fired plant in southeast England, with one unit…
Read moreCrude oil falls on proposed Biden-Putin summit
(Montel) Crude oil was falling on Monday as US president Joe Biden and Russian counterpart Vladimir Putin had…
Read moreGerman spot power to surge EUR 50 as record wind declines
(Montel) German day-ahead power prices looked set to surge over 60%, or almost EUR 50, on Monday…
Read moreRWE, Uniper launch EUR 4bn lawsuit over fossil fuel exit
(Montel) Several European energy firms, including RWE, Uniper and Rockhopper, are suing four governments for EUR 4bn over…
Read moreCoal prices drop to near three-week low
(Montel) European front-month coal prices fell to near three-week lows on Friday as a milder weather outlook and…
Read moreEDP eyes 25% drop in hydropower output amid drought
(Montel) Portuguese utility EDP expects its annual hydropower output to drop by 2 TWh, or 25%, this…
Read moreRussian “blockade” threatens Ukraine’s coal imports
(Montel) Russian naval drills in the Black Sea threaten to further hamper Ukraine’s coal imports, with rail deliveries…
Read moreEDF plans EUR 2.5bn capital increase, sees 90% trading gain
(Montel) French utility EDF plans to increase its capital by EUR 2.5bn to help the company cope with…
Read moreGas storage to end winter above 2018 low – analysts
(Montel) Europe is likely to exit winter with especially low gas inventories, but they are still likely…
Read moreEUAs face pressure from weaker sentiment
(Montel) European carbon prices rebounded on Friday but remained sharply lower on the week as reports of…
Read moreSpain hydro unlikely to ease power on “extreme” drought – EQ
(Montel) Spain’s power market was unlikely to see pressure from hydropower output in Q2, as the country has…
Read moreGerman March power sheds nearly EUR 6 on windy, mild outlook
(Montel) German front-month power fell on Friday as the latest weather forecasts showed the current mild and windy…
Read moreItaly’s January power demand rises 2% to 27 TWh
(Montel) Power demand in Italy rose nearly 2% year on year to 27.47 TWh in January, TSO Terna…
Read moreEni 2021 renewable capacity triples, energy output doubles
(Montel) Italian energy company Eni more than tripled its installed renewable capacity in 2021 year on year, and…
Read moreFrance extends biggest 3 GW hydropower concession to 2041
(Montel) France will extend to 2041 the country’s biggest 3 GW hydropower concession on the Rhone River after…
Read moreGermany set for mild, windy weather until mid-March
(Montel) Mild and windy weather would persist in Germany over the next four weeks, with wind generation levels…
Read moreNordic power rises amid drier, cooler weather outlook
(Montel) Nordic front power contracts were trading higher on Friday morning amid a drier and slightly cooler weather…
Read moreGerman spot power to rise next week as wind dips
(Montel) German spot power prices looked set to gain next week, as recent high wind output was…
Read moreEDP installs “record” 2.6 GW green capacity in 2021
(Montel) Portuguese utility EDP added a company record of annual installed solar and wind capacity of 2.6…
Read moreItaly sees surge in demand for renewable links to grid
(Montel) The number of requests to connect renewable plants to the Italian electricity network have grown a “remarkable”…
Read moreRWE dominates German power market – cartel office
(Montel) RWE last year gained a “market dominant position” in Germany as the country crossed a threshold…
Read morePower CEOs warn against changing market rules
(Montel) Changing market rules to mitigate current high power prices would have damaging long-term impacts on the EU’s…
Read moreFrance launches call for biomass projects to replace coal
(Montel) France has launched a call for “expressions of interest” aimed at identifying and supporting projects to replace…
Read moreCrude prices fall on optimism about more Iranian oil
(Montel) Crude oil was lower early on Friday on optimism about increased Iranian oil exports as talks moved…
Read moreCarbon hits 3-week low on allowance concern
(Montel) European carbon prices plunged to a three-week low on Thursday amid concerns that some countries may have…
Read moreCarbon slips on price control plans
(Montel) Carbon prices eased further on Thursday as details of a key European parliamentarian’s plans to rein…
Read moreGerman power rises on Russia-Ukraine, Nord Stream 2 unease
(Montel) German power contracts for the rest of the year rose on Thursday amid lingering fears that…
Read moreUK LNG arrivals slide 14% in first half of February
(Montel) UK LNG arrivals in the first half of February declined 14% versus the same period last month,…
Read moreOTC gas trading volumes drop 34% in January – Leba
(Montel) Traded gas volumes in European brokered markets slumped 34% year on year in January, led by a…
Read moreGas prices jump as Russian impasse persists
(Montel) European gas climbed more than EUR 5 amid a continued impasse between the West and Russia over…
Read moreEndesa signs 110 GWh PPA for all brewer Mahou’s energy needs
(Montel) Spanish utility Endesa has signed a 10-year power purchase agreement (PPA) with brewer Mahou, for the…
Read moreMEP Liese proposes stronger carbon price control
(Montel) The EU’s carbon market would have a stronger price control mechanism and annual reviews by the EU’s…
Read moreSpain’s LNG re-exports accelerate amid volatile market
(Montel) Volatile arbitrage windows have encouraged “opportunistic” Spanish companies to re-export LNG to northwest Europe and Asia, with…
Read moreRWE sees higher power generation margins in 2022
(Montel) German utility RWE has revised up its outlook for power generation margins this year, amid tight supply…
Read moreStatkraft trading unit posts loss of EUR 430m on volatility
(Montel) The trading arm of Statkraft, Norway’s largest power producer, posted an operating loss of NOK 4.3bn…
Read moreEU too reliant on Russian gas, needs to diversify – Nato
(Montel) Europe has become too reliant on Russian gas and needs to diversify its energy supplies, Nato secretary…
Read moreNordic power rises despite mild outlook on stronger fuels
(Montel) Nordic power futures rose slightly on Thursday despite a mild outlook due to stronger fuels prices, which…
Read moreAsia-Pacific coal prices slip, but supply still tight
(Montel) Asia-Pacific benchmark coal prices weakened nearly 5% this week as Chinese stock levels grew, but still-tight seaborne…
Read moreGerman spot power to lift off lows on less wind
(Montel) German day-ahead power prices looked set to jump from their lowest weekday levels this year on…
Read moreIlmatar plans 300 MW wind farm in Finland
(Montel) Finnish renewable energy developer Ilmatar wants to build an onshore wind farm in northern Finland with up…
Read moreOil prices soften as Iran nuclear talks progress
(Montel) Oil prices traded lower early on Thursday amid reports of progress in talks in Vienna to revive…
Read moreGermany sees new wind record above 47 GW
(Montel) German wind power generation set a new record of 47,119 MW on Wednesday between 20:45-21:00 CET, according…
Read moreColombia doubles coal exports to EU amid Russia shortfall
(Montel) Colombia has more than doubled thermal coal exports to northwest Europe so far this year, versus…
Read moreItaly to unveil more energy cost curbs next week – Draghi
(Montel) Italy will unveil additional measures to tackle the impact of rising energy prices next week to reduce…
Read moreGerman power prices firm amid jittery energy complex
(Montel) Germany’s benchmark power contract gained slightly on Wednesday amid a jittery energy complex as the market remained…
Read moreLower flows spur gas gains despite less Ukraine unease
(Montel) European gas prices recovered from a six-week low on Wednesday morning, as lower pipeline flows offset…
Read moreNordic power trades flat as wet, mild outlook persists
(Montel) Nordic power contracts were trading flat on Wednesday on persistent wet and mild weather forecasts.…
Read moreRussia open to post-2024 Ukraine gas transit – Putin
(Montel) Russia is willing to keep sending gas to Europe via Ukraine beyond the 2024 expiry of…
Read morePolish power output rises 4.7% in January – TSO
(Montel) Polish power output rose 4.7% year on year to 16.1 TWh in January, TSO PSE said on…
Read moreEC must refrain from EU ETS intervention – lobby groups
(Montel) The European Commission must avoid intervening in the EU ETS until a full report on carbon market…
Read moreEDF confirms new safety checks on French reactors
(Montel) French utility EDF will check auxiliary cooling circuits, or RRAs, at its 56 domestic reactors, it confirmed…
Read moreEDF Renewables Ireland plans 50 MW Irish onshore wind farm
(Montel) EDF Renewables Ireland is planning to build a 50 MW wind farm in Ireland’s mid-west region that…
Read moreASE receives EUR 400m funding for 2 GW solar capacity
(Montel) Ampyr Solar Europe (ASE) has received EUR 400m in funding to develop 2 GW of solar capacity…
Read moreGerman spot power to shed 40% as wind may soar to record
(Montel) German day-ahead power looked set to plummet over 40% on Wednesday as stormy weather could boost…
Read moreOil prices firm as Russia-Ukraine concerns remain
(Montel) Oil prices traded a shade firmer early on Wednesday, following a sell-off in the previous session after…
Read moreEurope gas market to remain tight to spring 2023 – analysts
(Montel) European gas markets are set to remain tight until spring 2023 unless Russia increases its pipeline supplies,…
Read moreCoal, gas slip as Putin downplays war threat
(Montel) European coal and gas prices dropped further in late Tuesday trading amid some signs of easing…
Read morePower demand responds more to prices than assumed – study
(Montel) Electricity demand responds more to price signals than commonly assumed, suggesting a wealth of untapped potential…
Read moreNorway’s Agder posts 9% rise in power output, record profit
(Montel) Southern Norwegian utility Agder Energi increased its power generation by 9% to 8.9 TWh last year, it…
Read moreNorway CCS scheme faces delays, cost overruns
(Montel) A plan to capture carbon emissions from a cement factory in Norway is running four months behind…
Read moreGermany may see record high wind as two storms near Europe
(Montel) Germany may see record high wind this week, with levels above 48 GW pressuring spot prices, as…
Read moreEasing Ukraine fears weigh on German power curve
(Montel) Benchmark German power prices were down 3% on Tuesday afternoon as fears of a Russian invasion…
Read moreEU ban on Russian coal would leave “large hole” – WoodMac
(Montel) A blanket EU ban on Russian coal imports, in the event of a military conflict, would…
Read moreOil falls but volatility remains on Russia-Ukraine tension
(Montel) Oil was falling on Tuesday as tension over a possible Russian invasion of Ukraine seemed to abate…
Read moreEveryone wants in on Spanish solar – Steag
(Montel) The Spanish renewables market is very attractive for investors and is “one of the most important…
Read moreAxpo signs 22 MW Polish wind PPA
(Montel) Swiss utility Axpo has signed a nine-year power purchase agreement (PPA) with UK-headquartered Green Investment Group for…
Read moreGas prices slump on reports Russia pulling back some troops
(Montel) European gas prices dropped on Tuesday amid media reports of a troop pullback from the Ukraine border…
Read moreNordic power futures fall EUR 1.50 as German market slides
(Montel) Nordic power futures fell on Tuesday following a EUR 11 sell-off on German equivalents thanks to…
Read morePortugal bans some hydropower output amid drought
(Montel) The Portuguese energy ministry has banned hydropower generation at four dams (888 MW) amid dry weather…
Read moreEngie trading arm’s results double in 2021 amid high prices
(Montel) Rising power prices last year helped French utility Engie’s trading arm, GEMS, achieve a more than…
Read moreGlencore to boost coal output 17% in 2022
(Montel) Anglo-Swiss trading and mining firm Glencore plans to raise coal production this year by 18m tonnes…
Read morePolish SMR moves a step closer after deal finalised
(Montel) Polish miner KGHM has signed a deal with US firm NuScale Power to develop and build…
Read moreSweden names 3 areas for 20-30 TWh annual offshore wind
(Montel) Sweden on Tuesday named three areas where it plans to develop 20-30 TWh of annual offshore wind…
Read moreGerman spot power eyes 26% drop on higher wind output
(Montel) German day-ahead power prices looked set to fall around 26% on Tuesday as forecasts called for wind…
Read moreAcer seeks more data to monitor intraday power trading
(Montel) Acer is seeking more data from power market operators to improve its ability to monitor trading in…
Read moreFalling CO2 defies bullish energy complex
(Montel) European carbon prices were falling on Monday amid ongoing concerns around market reform, and negative technical signals…
Read moreHungary plans to launch GO market this summer
(Montel) Hungary plans to launch a guarantees of origin (GO) market platform by 1 July, said the country’s…
Read moreGerman power gains on French nuclear issues, strong gas
(Montel) German front-month power rose on Monday amid renewed concerns around French nuclear availability and on strength…
Read moreIce disruptions still a concern for Baltic coal exporters
(Montel) Russian coal exporters to Europe may still face some ice-related disruptions to shipping in the Baltic…
Read moreUS LNG to offer gas supply relief to Europe
(Montel) More than 30 US-origin LNG vessels were in transit to European destinations, offering some relief to concerns…
Read moreNordic power front rises on gas gains due to Ukraine tension
(Montel) Nordic power futures rose on Monday, as increased fear of a war between Russia and Ukraine lifted…
Read moreGas prices jump as Russia concerns aggravate supply woes
(Montel) European gas prices jumped more than EUR 10 earlier in volatile trading on Monday as growing fears…
Read moreNew issue at EDF reactors could lead to more outages
(Montel) French utility EDF has uncovered a new potential safety issue affecting its reactors' circuits that could see…
Read moreAlpiq, Outokumpu sign 10-year 15 MW German PPA
(Montel) Swiss utility Alpiq and Finnish steel producer Outokumpu have signed a 10-year wind power purchase agreement (PPA)…
Read moreGerman spot power eyes jump as renewables drop
(Montel) German day-ahead power prices looked set to gain on Monday amid forecasts of lower renewable output.…
Read moreVattenfall gets nod for UK offshore wind project (1.8 GW)
(Montel) Swedish power producer Vattenfall has been awarded planning consent from the UK government for the 1.8 GW…
Read moreSSAB’s Finnish power demand could rise to 3 TWh by 2030
(Montel) Swedish steelmaker SSAB is set to triple its power consumption in Finland to 3 TWh by 2030…
Read moreCrude prices rise on concern about Ukraine invasion
(Montel) Crude oil was higher early on Monday on uneasiness about possible cuts in oil supplies resulting from…
Read moreMild outlook continues to curb energy complex
(Montel) European gas and carbon contracts recovered from losses early on Friday but remained under pressure as…
Read moreGas prices drop further as mild outlook weighs on demand
(Montel) European gas prices dropped for a second day, as a mild weather outlook and solid LNG intake…
Read moreGerman power market volatility hurts liquidity – experts
(Montel) Record recent European energy price swings have kept a lid on liquidity in the German power market…
Read moreGerman Cal 23 power jumps EUR 5 on French nuclear concerns
(Montel) Germany’s benchmark power contract jumped more than EUR 5 on Friday after French utility EDF slashed its…
Read moreIntervention fears spur EUA volatility
(Montel) European carbon prices look set to face heightened volatility next week as calls for a price control…
Read moreOpec+ has “chronic underperformance” of supply targets – IEA
(Montel) Opec and its Russia-led partners have struggled to meet their agreed supply targets in recent months, contributing…
Read moreAcer to update intraday capacity rules by 13 April
(Montel) Acer is to decide on updated common rules for calculating long-term cross-zonal intraday capacity in the 13…
Read moreFrance to build up to 14 reactors, scraps closure plans
(Montel) France aims to build up to 14 nuclear reactors, while scrapping a plan to close 12…
Read moreEDF slashes 2023 nuclear output target 12% to 300-330 TWh
(Montel) French utility EDF has slashed next year’s nuclear output target by 12%, or 40 TWh, to…
Read moreCarbon slumps below EUR 90/t on call for price control
(Montel) Europe’s benchmark carbon contract slumped below EUR 90/t on Friday, extending this week’s losses amid market concerns…
Read moreFrench nuclear cuts to affect power prices this spring – EQ
(Montel) Decades low French nuclear production targets will affect the European power market from spring onwards, with the…
Read moreCrude prices fall on possible higher Iran exports
(Montel) Crude oil was lower early on Friday amid anticipation of possible increased Iran oil exports, as…
Read moreOverly ambitious ETS would cause power price spike – MEP
(Montel) Adopting higher emission cuts in the ETS than proposed by the European Commission would raise power prices…
Read moreNaturgy to split into generation, infrastructure arms
(Montel) Spanish utility Naturgy plans to split into separate arms, with one related to energy infrastructure and the…
Read moreS African coal unlikely to help offset Russian drop
(Montel) South Africa’s coal exports have risen this year but low stocks and insufficient higher grade material…
Read moreMEP Liese urges strong CO2 price control mechanism
(Montel) The EU’s carbon market needs a stronger price control mechanism and more transparency, said the European Parliament’s…
Read moreLNG freight rates to Europe turn negative on vessel glut
(Montel) Atlantic LNG shipping costs have tumbled further into negative territory, as available capacity outstrips the pace of…
Read moreGermany to free farmland for solar push
(Montel) Germany’s Green-led economy, environment and agriculture ministries have agreed proposals to relax restrictions on the deployment…
Read moreOil demand on track to surpass pre-pandemic levels – Opec
(Montel) Global oil demand looked set to exceed pre-pandemic levels above 100m bbl/day this year, as major economies…
Read moreSupply chain issues could delay wind projects – Vestas
(Montel) Global supply chain instability could drive up costs in the wind power industry and potentially delay projects,…
Read moreFront-month gas hits near 3-week low amid mild weather
(Montel) European front-month gas contracts fell slightly to their lowest level since 21 January as the market sought…
Read moreEDF signs deal to buy GE Power's nuclear turbine unit
(Montel) French utility EDF announced on Thursday that it has signed an agreement to buy American energy…
Read moreNordic power drifts sideways as "no winter in sight"
(Montel) Nordic power futures were trading sideways on Thursday as the wet and mild weather was set to…
Read moreOil prices trade flat as market eyes Iran nuclear talks
(Montel) Oil prices traded narrowly mixed early on Thursday as market participants awaited the outcome of indirect US-Iran…
Read moreTotalEnergies’ LNG sales, profits soar on gas price surge
(Montel) French energy firm TotalEnergies reported on Thursday a 10% increase in LNG sales and a quadrupling…
Read moreFrench safety body denies EPR fuel leaks due to vessel flaw
(Montel) French nuclear safety body IRSN has denied that fuel-rod leaks that led to the shutdown of the…
Read moreNorway’s energy industry criticises offshore wind plan
(Montel) Norway’s energy sector has criticised a government plan to connect only 1.5 GW of planned offshore wind…
Read moreGerman spot power to drop 7% as wind and solar output rise
(Montel) German day-ahead power looked set to fall around EUR 13 on Thursday as forecasts indicated higher wind…
Read moreDenmark’s Be Green to launch 315 MW new solar this year
(Montel) Danish solar power developer Be Green expects three projects totalling 315 MW of capacity to be commissioned…
Read morePPA growth set to surge 40% in 2022 to new record – Pexapark
(Montel) European power purchase agreements (PPAs) are set to grow more than 40% year on year in 2022…
Read moreItaly’s ERG sells 480 MW gas plant to Enel
(Montel) ERG, a renewable energy operator in Italy, has agreed to sell a business unit that owns a…
Read moreCO2 falls EUR 3 on possible market intervention
(Montel) European carbon prices fell by more than EUR 3 in Wednesday afternoon trading, retreating from yesterday’s record…
Read moreHigh power prices trigger calls to stop Sweden-Germany cable
(Montel) Swedish businesses and politicians have called for a stop to the planned 700 MW Hansa Power Bridge…
Read moreRWE plans 2 GW of hydrogen-ready gas plants
(Montel) RWE plans to develop 2 GW of “hydrogen ready” gas-fired power plants by 2030 at the…
Read moreRussia-Ukraine conflict could hit 30% of Europe’s gas supply
(Montel) An escalation of military tensions between Russia and Ukraine could put up to 155bcm/year – or…
Read moreGerman power front year gains on firm carbon, fuels
(Montel) Germany’s benchmark power contract gained on Wednesday with support from firm prices in the markets for CO2, coal…
Read moreGas prices slip on milder outlook, supply optimism
(Montel) European gas prices slipped in Wednesday trading amid the prospect of protracted mild weather and improved…
Read moreUS trims LNG export growth outlook 2% for 2022
(Montel) US LNG exports will likely rise 16% this year on increased capacity and strong European and…
Read moreRussian coal hub fire has “no influence” on operations
(Montel) A fire at one of Russia’s largest western coal export terminals, at Taman, has not affected…
Read moreAxpo, Nestle sign 5-year Swiss hydropower PPA
(Montel) Swiss utility Axpo will supply food manufacturer Nestle Switzerland with nearly 100 GWh/year of hydropower generation over…
Read moreNordic power Q2 hits 2.5-week low on wet, mild outlook
(Montel) Nordic power futures fell for the fifth consecutive session on Wednesday, with the Q2 contract hitting a…
Read moreEquinor gas sales rise 11% in Q4 amid record profits
(Montel) Norwegian oil and gas major Equinor increased its gas sales by 1.7bcm year on year in…
Read moreEDF cuts 2022 nuclear output target to 295-315 TWh
(Montel) EDF has cut its 2022 nuclear production target to a new record low of 295-315 TWh,…
Read moreFrance plans 14 new nuclear reactors by 2050 – media
(Montel) French president Emmanuel Macron is set to ask EDF to build up to 14 new nuclear…
Read moreGerman spot power eyes 15% rise amid renewables drop
(Montel) German day-ahead power looked set to rise around EUR 25 on Wednesday, buoyed by expectations of…
Read moreOil prices soften as some supply concerns ease
(Montel) Oil prices traded marginally lower early on Wednesday amid easing concerns about global supply tightness in the…
Read moreCarbon benchmark extends record high
(Montel) Europe’s benchmark carbon price extended a record high above EUR 98/t on Tuesday, buoyed by the prospect…
Read moreBourses, TSOs set up committee to counter Acer reform
(Montel) European power exchanges and TSOs have established a joint steering committee in a bid to counter…
Read moreSweden adds record 1 GW wind power in Q4
(Montel) Sweden commissioned a record 1,090 MW of new wind capacity in the fourth quarter of 2021, the…
Read moreGerman operators secure quotas to run reactors to year end
(Montel) The operators of two of Germany’s three remaining nuclear reactors have secured quotas to keep them running…
Read moreGerman power front year nears 6-week high on EDF nuclear cut
(Montel) The German front-year power contract neared a six-week high on Tuesday after French utility EDF announced…
Read moreFew Spain power suppliers to go bust due to prices – lobby
(Montel) Few Spanish retail power suppliers are expected to go out of business this year as a result…
Read moreBP’s gas output rises 6% amid price volatility
(Montel) UK energy major BP raised gas output 6% last year but warned of continued price volatility amid…
Read moreCleared coal derivatives on Ice fall 22% in January
(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange fell by 22% on the…
Read moreFrench power curve jumps EUR 25 on nuclear output cut
(Montel) French forward power prices jumped up to EUR 25 on Tuesday after EDF cut its annual…
Read moreNordic front-month power hits lowest point since November
(Montel) The Nordic front-month power contract fell almost EUR 4 to hit a three-month low on Tuesday,…
Read moreVattenfall, Seagust to bid for Norwegian offshore wind
(Montel) Swedish utility Vattenfall has teamed up with Norway’s Seagust to bid for upcoming licences for offshore wind…
Read moreUK’s SSE sees 16% drop in renewable output
(Montel) UK energy firm SSE’s renewable energy output dropped 16% in the first three quarters of the…
Read moreCO2 surges to new high as EDF cuts nuclear target
(Montel) European carbon prices hit a new record high early on Tuesday above EUR 98/t following the downward…
Read moreGerman spot power to rise 18% on lower wind output
(Montel) German day-ahead power prices looked set to rise around 18% on Tuesday as forecasts showed wind power…
Read moreRussian crisis drives EU, US to seek new energy supplies
(Montel) EU and US officials are working to shore up EU and Ukrainian energy security as the diplomatic…
Read moreOil near multi-year highs despite prospect of Iranian supply
(Montel) Oil was still hovering near multi-year highs on Tuesday despite the prospect of returning Iranian supply as…
Read moreCrude continues around 2014 high on supply woes, demand
(Montel) Crude was trading flat on Monday but around a seven-year high amid supply constraints and rising demand.…
Read moreBiden vows to “end” NS2 project if Russia invades Ukraine
(Montel) US president Joe Biden threatened to halt the contested Nord Stream 2 gas pipeline project even without…
Read moreWorld’s leading firms engage in “bad practice” over GOs
(Montel) The world’s leading firms are using misleading climate pledges, including engaging in “bad practice” over their purchase…
Read moreCO2 falls on more wind, but uptrend is intact
(Montel) European carbon prices dropped slightly on Monday amid a windy and mild weather outlook, but the overall…
Read moreGerman power futures slump amid mild, windy outlook
(Montel) Most German power futures prices traded lower on Monday afternoon, weighed down by forecasts for milder and…
Read moreLNG demand growth to slow in 2022 – Icis
(Montel) Global LNG demand could rise just 13.8m tonnes (18.76bcm) – or 3.7% – in 2022, below…
Read moreFinnish-Baltic gas market needs more hedging tools – CEO
(Montel) A lack of available long-term hedging products is limiting growth opportunities for the fledgling Baltic-Finnish gas market,…
Read moreEurope LNG imports could offset Russia-Ukraine gas cut – IHS
(Montel) LNG imports are already helping to offset lower Russian gas flows to Europe via Ukraine, so a…
Read moreSpain power front month drops EUR 9, spot moves sideways
(Montel) The Spanish March power contract fell below EUR 200/MWh on Monday, while the spot was set…
Read moreGas prices slide EUR 5 on mild weather, Russian flows
(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub fell EUR 5 on Monday amid a…
Read moreGazprom fails to book gas transit capacity for Q2, Q3
(Montel) Russia's Gazprom has not booked any additional gas transit capacity to European destinations for the second…
Read moreNordic March power hits 2-week low as wet outlook confirmed
(Montel) The Nordic March contract slid almost EUR 3 to a two-week low of EUR 67.50/MWh on Monday…
Read moreStatkraft, Matrix Renewables sign 10-year Spanish solar PPA
(Montel) Norwegian utility Statkraft has signed a 10-year power purchase agreement (PPA) for the production from a…
Read moreGerman spot power eyes 63% gain as renewable output drops
(Montel) German day-ahead power prices looked set to rise around EUR 53 on Monday as forecasts indicated…
Read moreSpain has LNG contingency if Russia halts flows – Naturgy
(Montel) Spain has surplus LNG regasification capacity available which could be employed in the event of any significant…
Read moreCO2 hits new peak on bullish energy complex
(Montel) European carbon prices soared to a new all-time high above EUR 97/t on Friday after setting a…
Read moreGerman power climbs EUR 3 on CO2 record, gas gains
(Montel) German front-year power continued its rise on Friday, boosted by a new record high for the benchmark…
Read moreFinland’s largest wind farm to start first turbine in April
(Montel) French renewables developer Neoen has started the construction of its 406 MW Mutkalampi wind farm in north-western…
Read moreFrench TSO maintains supply warning amid reactor outages
(Montel) French TSO RTE has extended a power supply warning to the end of winter due to unplanned…
Read moreOrsted brings forward 100 MW H2 project 2 years
(Montel) Danish energy group Orsted and its partners will establish a 100 MW green hydrogen electrolyser in Denmark…
Read moreEuropean LNG imports may rise 16% in 2022 – analysts
(Montel) European LNG imports could rise 16% this year amid strong demand to help offset lower gas supply…
Read moreBull run for record-breaking EUAs set to persist
(Montel) The current bull run for record-breaking carbon prices is set to persist, with the EUR 100/t mark…
Read moreNordic power futures continue to fall on wet, mild outlook
(Montel) Nordic power futures fell further on Friday, as forecasts confirmed a wet and mild weather outlook for…
Read moreVolvo, Northvolt to build battery factory in Sweden
(Montel) Sweden-based car manufacturer Volvo Cars and battery producer Northvolt plan to build a large-scale battery factory in…
Read moreEstonia to auction 650 GWh of renewables next year
(Montel) Estonia’s government will organise a competitive auction in January to attract 650 GWh/year of new renewables capacity…
Read moreCrude prices extend gains after WTI tops USD 90
(Montel) Crude oil kept climbing early on Friday after West Texas Intermediate oil ended the day above…
Read moreGerman hydrogen firm plans 240 MW electrolyser in Norway
(Montel) German hydrogen company Hy2Gen plans to build a 240 MW electrolyser for green ammonia production in…
Read moreCoal slips on supply hopes, CO2 drops from high
(Montel) European coal prices softened on Thursday amid some signs of improving supply, despite still buoyant demand,…
Read moreFrance’s 2023 wind target “impossible” – energy lobby
(Montel) France’s target to boost onshore wind capacity to 24.1 GW by the end of 2023 was “impossible”…
Read moreCzechs end dispute with Poland over mine for 2 GW plant
(Montel) The Czech Republic has agreed EUR 45m in compensation from Poland ending a dispute over extraction from…
Read moreSouth Norway to see power above EUR 100 next winter – Volue
(Montel) Power in southern Norway will average above EUR 100/MWh next winter amid depleted hydropower stocks and high…
Read moreHigher UK energy price cap may not solve supplier woes
(Montel) UK consumer energy bills will be capped at GBP 1,971 per year from April, an increase of…
Read moreGas prices increase amid low storage levels
(Montel) European gas prices increased on Thursday, though traders saw the market stuck in “no-man’s land” between low…
Read moreGas prices to stay elevated in 2022 – OMV
(Montel) European gas prices should remain elevated in 2022 amid tight supplies but are unlikely to return to…
Read moreNewcastle coal index retreats as Indonesia supply returns
(Montel) Asia-Pacific benchmark coal prices dropped 15% over the past week as Indonesia further relaxed restrictions on…
Read moreMine feeding 2 GW Polish power plant breaches law – ECJ
(Montel) Poland has infringed EU law by granting a mine that feeds utility PGE’s nearby 2 GW Turow…
Read moreEC keeps gas, nuclear in taxonomy with tweaks
(Montel) Natural gas-fired and nuclear power plants meeting specific criteria would be eligible to be labelled as “transitional”…
Read moreFrench gas demand rises 6% in 2021 – TSO
(Montel) French gas consumption in 2021 rose 6% from the year before, to 474 TWh, due to a…
Read moreLightsource BP in tie-up to develop 400 MW Italian solar
(Montel) Lightsource BP has signed a deal to develop 400 MW of solar projects in Italy with local…
Read moreNordic power prices slide as wet weather outlook persists
(Montel) Nordic power futures slumped early on Thursday as weather forecasts for wetter and milder conditions suggested a…
Read moreRising oil and gas prices drive OMV results to record
(Montel) Rising oil and gas sales prices drove Austrian energy firm OMV’s adjusted operating result to a record…
Read moreEUAs retreat after hitting fresh high close to EUR 95
(Montel) European carbon prices retreated early on Thursday after hitting a record high just below EUR 95/t for…
Read moreShell’s LNG output may rise 4.5% in Q1
(Montel) UK energy firm Shell’s LNG liquefaction volumes in the first quarter could rise as much as…
Read moreVattenfall hedges 50% of 2023 output at EUR 28/MWh
(Montel) Vattenfall had sold half of its Nordic power production for 2023 at an average price of 28…
Read moreOil prices soften in range-bound trading
(Montel) Oil prices drifted lower in range-bound trading early on Thursday, after Opec and its Russia-led partners agreed…
Read moreOil prices firm ahead of Opec+ meeting
(Montel) Oil prices edged up early on Wednesday as market participants expected Opec and its Russia-led partners to…
Read moreOpec+ agrees to boost supply by 0.4m bbl/day in March
(Montel) Opec and its Russia-led partners agreed on Wednesday to increase oil supply in March by 0.4m bbl/day,…
Read moreNorwegian utility criticises “illiquid” Nordic market
(Montel) Norwegian utility Tafjord earned NOK 25m (EUR 2.5m) on so-called Epad hedges last year, but still said…
Read moreCarbon eyes EUR 100/t after new record high
(Montel) European carbon prices may soon be bound for EUR 100/t after hitting a new record on Wednesday…
Read moreEC taxonomy plans to promote “greenwashing” – critics
(Montel) European environmental groups condemned the European Commission for including gas and nuclear in the EU’s taxonomy on…
Read moreBottlenecks to extend Swedish power price differences – TSO
(Montel) Persisting bottlenecks in the Swedish electricity grid will likely mean day-ahead price differences between bidding zones will…
Read moreFrance set to axe plan to shut 12 reactors by 2035 – experts
(Montel) France is increasingly likely to scrap a plan to close 12 more reactors by 2035 due to…
Read moreAustria plans to sue EC over taxonomy if it takes effect
(Montel) Austria will sue the European Commission at the European Court of Justice over its taxonomy proposal if…
Read moreGerman power rises amid lower wind outlook, strong carbon
(Montel) German power prices rose on Wednesday, as a more moderate wind outlook and gas gains supported…
Read moreFrench prices to average EUR 220/MWh in 2022 – think tank
(Montel) French power prices will average about EUR 220/MWh across 2022 due to low nuclear supply and expensive…
Read moreOil use threatens to derail 2050 net-zero target – expert
(Montel) Burgeoning oil consumption, particularly in light of the recovery from the coronavirus crisis, threatens plans by major…
Read moreEC keeps deadlines for nuclear in taxonomy
(Montel) The European Commission has kept the cut-off deadlines after which nuclear power plants cannot be considered as…
Read moreEC drops interim targets for gas plants in taxonomy
(Montel) The European Commission has dropped plans to require natural gas-fired plants to co-fire with low carbon or…
Read moreTop EU court upholds EC-Gazprom 2018 antitrust deal
(Montel) The European Court of Justice has dismissed Polish gas firm PGNiG’s legal action against the European Commission’s…
Read moreCO2 hits new high above EUR 93 on bullish sentiment
(Montel) European carbon prices rose above EUR 93/t for the first time early on Wednesday amid bullish sentiment…
Read moreGlobal coal supply slides 16% in January
(Montel) Global seaborne thermal coal supply in January dropped nearly 16% on the year in January, amid…
Read moreNordic power rebounds as German, CO2 markets climb
(Montel) Nordic power futures rebounded on Wednesday amid higher German prices, record-high CO2 and stronger fuels, which…
Read moreIndonesia lifts 1-month coal export ban
(Montel) Indonesia has fully lifted a one-month ban on thermal coal exports, due to satisfactory replenishment of…
Read moreP2X to invest EUR 70m in Finland’s first H2 electrolyser
(Montel) Finnish green hydrogen developer P2X Solutions will proceed to invest EUR 70m in a planned 20 MW…
Read moreClosed reactors would have cut Swedish prices 30-45% – study
(Montel) If Swedish nuclear reactors Ringhals 1 (881 MW) and Ringhals 2 (903 MW) were still in operation,…
Read moreNordic price differences may last to September – Storm Geo
(Montel) The large price differences between the Nordic region’s spot power market bidding zones will likely continue until…
Read moreEnergy complex falls again with gas
(Montel) Sinking gas prices dragged Europe’s energy complex lower for a second day on Tuesday amid mild and…
Read moreGerman spot power to jump as wind and solar output drop
(Montel) German day-ahead power prices looked set to gain nearly 50% on Wednesday as forecasts pointed to…
Read moreGlencore’s coal output falls 3% in 2021
(Montel) Glencore produced 103.3m tonnes of predominantly thermal coal in 2021, down 3% on the year, due…
Read moreOrsted’s 2021 offshore wind output drops 9.5%
(Montel) Danish energy group Orsted generated 13.8 TWh of offshore wind last year, down 9% from a year…
Read moreFinland, Sweden want no time limits for nuclear in taxonomy
(Montel) Finland and Sweden say time limits on operation of nuclear reactors should be removed as a…
Read moreVolatile power prices in UK to persist – consultancy
(Montel) A policy of just in time energy procurement and the phase out of nuclear and coal could…
Read moreSwedish power use may rise 15% by 2026 – TSO
(Montel) Sweden’s annual power consumption could rise by 15% from 2022 to 2026 as new power-intensive industry boosts…
Read moreAquila Capital buys 500 MW solar portfolio in Spain
(Montel) German investment firm Aquila Capital has purchased a 500 MW solar portfolio under development in Spain…
Read moreItaly’s battery storage capacity could reach 15 GW by 2050
(Montel) Italy’s battery storage capacity could exceed 15 GW by 2050 amid an expected surge in growth of…
Read moreGroup plans 2 GW green hydrogen project in Spain
(Montel) Spain’s Naturgy, Enagas and Fertiberia, along with Denmark’s Copenhagen Infrastructure Partners (CIP) and Vestas, plan to…
Read moreGerman power slides EUR 10 on strong wind, mild outlook
(Montel) German short-term power prices continued their fall on Tuesday – with March sliding EUR 10 – as…
Read moreEnel takes almost 130 MW in Italian renewables auction
(Montel) Italy’s Enel was awarded nearly 130 MW in the seventh renewables tender by the country’s state energy…
Read moreMarch gas slides EUR 8 as "apocalypse" fears ease
(Montel) European front-month gas contracts extended losses seen yesterday on Tuesday – falling another EUR 8 –…
Read moreAction needed to ensure EU coal phase-out realised – report
(Montel) Action is needed to ensure Europe’s planned phase-out of coal-fired power “remains on track” as the polluting…
Read moreSpain, Netherlands, Greece “engines of green growth” – Ember
(Montel) Spain, the Netherlands and Greece added more than 10% of their current solar and wind capacity during…
Read moreFrench January nuclear output falls to record low
(Montel) French nuclear output fell 5.7% (2.1 TWh) year on year in January to a record low of…
Read moreRenewables share of UK power mix grows in January
(Montel) Renewable energy sources accounted for 32.7% of the UK’s power mix in January, up 5.8 percentage…
Read moreNordic power front month hits 10-week low on wet weather
(Montel) The Nordic front-month contract hit a 10-week low of EUR 73.50 on a rolling basis on Tuesday…
Read moreRussia’s Suek sees 2021 coal exports rise 1%
(Montel) Russia’s largest producer Suek increased coal exports by just 1% in 2021 to 54.4m tonnes, despite…
Read moreEU coal terminal stocks diminish to near 6-year low
(Montel) Coal inventories at northwest European ports have declined to a near six-year low amid arrival delays and…
Read moreGerman spot power to rise 3% on lower wind generation
(Montel) German day-ahead power prices looked set to rise around 3% on Tuesday amid expectations that wind output…
Read morePortugal’s energy policy unchanged after election – analyst
(Montel) Portugal is likely to continue with its existing energy policy, including annual solar auctions, as incumbent…
Read moreUK power supplier Octopus buys French Plum Energy
(Montel) British renewable power supplier Octopus Energy has bought its French counterpart Plum Energy, with a plan…
Read moreEuropean spot gas to average EUR 79.50/MWh in 2022 – IEA
(Montel) European spot gas prices will likely average USD 26/MMbtu (EUR 79.50/MWh) in 2022, and potentially achieve fresh…
Read moreOil prices remain elevated on supply issues, Russian crisis
(Montel) Oil prices remain elevated – close to prior multi-years highs – on Tuesday amid supply concerns and…
Read moreOil hovers near 7-year high on geopolitical turmoil
(Montel) Oil was continuing to hover near seven-year highs hit in the prior session on Monday as political…
Read moreMild, windy weather weighs on energy complex
(Montel) The prospect of milder and windy weather next month weighed on Europe’s energy complex on Monday, as…
Read moreVolatile market hinders German LNG terminal projects – owner
(Montel) A volatile European gas market and political uncertainty make the outlook for two planned German LNG terminals…
Read moreSpain spot to ease on less demand, more wind
(Montel) Spanish spot power prices could soften this week amid lower demand and more expected wind, while futures…
Read moreSpanish power generation softens in Jan as demand falls
(Montel) Power generation in mainland Spain edged down 0.8% year on year in January to 23.1 TWh…
Read moreNestle Germany signs wind power PPAs with Statkraft, Axpo
(Montel) Nestle Germany signed two power purchase agreements (PPAs) with Norwegian utility Statkraft and Axpo Germany, each…
Read moreFormer Norway minister slams cabinet over offshore wind
(Montel) Norway’s former energy minister, Tina Bru, has criticised the current administration for doing too little on developing…
Read moreGerman power prices slump across board on stormy outlook
(Montel) Contracts on Germany’s power curve slid on Monday, with February slumping more than EUR 20, and spot…
Read moreGas prices slide EUR 5 on mild, windy weather
(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub fell nearly EUR 5 on Monday on…
Read moreGridLink owner vows to pursue 1.4 GW France-UK link
(Montel) The firm behind the GridLink plan to build a 1.4 GW power cable between the UK…
Read moreCoal prices to move sideways, eyes on supply, gas
(Montel) European coal prices slumped on Monday amid pressure from a weaker gas market, although market participants expected…
Read moreItaly’s GSE awards 30% of capacity in latest green auction
(Montel) Italy’s state-owned energy services company GSE allocated about 30% of renewable energy capacity available in its latest…
Read moreUK asset manager acquires 20 MW battery storage unit
(Montel) UK asset manager Bluefield Solar has acquired the development rights for a 20 MW battery storage project…
Read moreGerman Feb power plunges EUR 20 on windy, mild expectations
(Montel) The German power February contract shed over EUR 20 on Monday morning ahead of the contract’s expiry…
Read moreGerman solar, wind grow 7.2 GW in 2021
(Montel) Germany’s solar capacity grew 5.3 GW last year while the country added 1.9 GW of onshore wind…
Read moreNordic power futures plunge on wetter, milder outlook
(Montel) Nordic power futures fell sharply on Monday on the back of wetter and milder weather forecasts for…
Read moreItaly avoids energy policy limbo as Draghi remains premier
(Montel) Italy has avoided a period of political limbo, which could have affected energy policy reforms, after lawmakers…
Read moreCarbon prices eye new record on bullish fundamentals
(Montel) European carbon prices hit a seven-week high earlier on Friday and could be eyeing a new record…
Read moreEquinor extends Hammerfest LNG outage until May
(Montel) Norwegian energy firm Equinor has extended an outage at its Hammerfest LNG plant at Melkoya until 17…
Read moreNS2 certification won’t happen before summer – report
(Montel) Germany’s BNA network regulator is unlikely to decide the fate of the Nord Stream 2 gas pipeline…
Read moreEU-US to ensure gas supply – von der Leyen, Biden
(Montel) The EU and US will cooperate in ensuring “continued, sufficient, and timely” gas supply to Europe…
Read moreHigh prices reveal Baltic supply woes – Eesti Energia CEO
(Montel) Record high spot prices this winter have revealed the Baltic region’s dearth of renewable energy capacity and…
Read moreGas prices rise on lower flows, NS2 uncertainty
(Montel) European gas contracts rose on Friday amid lower gas flows from Norway and uncertainty about the…
Read moreEDF unions to launch legal challenge against Arenh rise
(Montel) France’s four biggest energy unions will launch legal action against the government’s decision to raise the volume…
Read moreGermany set for mild, wet and windy February
(Montel) Germany is set to see mild temperatures throughout February, with above normal wind and rain output at…
Read moreFrench regulator turns down 1.4 GW UK cable plan
(Montel) French energy regulator CRE has turned down an investment request to build a 1.4 GW GridLink…
Read moreHigh Nordic power prices “unsustainable” – Eon official
(Montel) Record high power prices and huge price variations in the Nordic region are “unsustainable” and require market…
Read moreLNG could not offset Russia stopping gas flows – analysts
(Montel) Spare global LNG capacity would be insufficient to fully replace Russian gas supplies to Europe in the…
Read moreNordic power futures gain on higher German prices
(Montel) Nordic power futures moved up on Friday amid higher German prices, supported mainly by higher fuels…
Read moreGroups slam Italy’s move to curb spiralling power prices
(Montel) An umbrella of green, environmental and consumer groups on Friday slammed Italy’s enforcing of measures aimed at…
Read moreYara, Linde to build 24 MW green hydrogen plant in Norway
(Montel) Norwegian fertiliser producer Yara and German engineering firm Linde have agreed to develop a 24 MW demonstration…
Read morePolish wind output hits new record high 6.5 GW
(Montel) Polish wind power output hit a record high of 6.5 GW on Thursday at 21:00 CET, according…
Read moreGerman spot power to rise on strong demand
(Montel) German spot power prices looked set to rise next week with demand staying above normal, although…
Read moreItalian windfall tax hurts hedging strategies, PPAs – Efet
(Montel) The potential introduction of a windfall profit tax on Italian renewable electricity generators would prove discriminatory, hurt…
Read moreCrude prices rise on unease about supply from Opec+, Russia
(Montel) Crude oil was higher early on Friday amid supply concerns, as Opec+ struggled to increase production and…
Read moreUK coal usage jumps 73% in January-November 2021 – ministry
(Montel) UK coal consumption for power generation surged 73% on the year to 2.34m tonnes in January-November…
Read moreSwedish government approves nuclear waste storage site
(Montel) The Swedish government has approved Forsmark as the location for a permanent storage site for spent nuclear…
Read moreCO2 hovers near record high
(Montel) European carbon prices hovered near record highs on Thursday amid technical support, a shortage of auction supplies…
Read moreStrike cuts French power capacity by 2.9 GW
(Montel) An ongoing strike by French power workers cut EDF’s electricity generation capacity by 2.9 GW, including…
Read moreGerman front-year power rises to 3-week high with gas, CO2
(Montel) The German front-year power contract posted gains on Thursday amid strong gas and CO2 markets, with…
Read moreEEX to remain German EUA auction platform until 2024
(Montel) The EEX will continue to host carbon EUA auctions for Germany until January 2024, the Leipzig-based exchange…
Read moreRussian supply concerns buoy gas futures prices
(Montel) European gas prices were mixed on Thursday, with the curve contracts mostly rising amid ongoing Russia-Ukraine tensions…
Read moreAsia-Pacific coal prices surge to record highs
(Montel) Asia-Pacific benchmark coal prices surged 15% over the past week to fresh record highs as the…
Read moreEurope gas price risk question of “weather v geopolitics”
(Montel) Despite revised forecasts of mild conditions in Europe for the remainder of the winter, a significant risk…
Read moreUPM Energy’s power sales price jumps 81% in Q4
(Montel) The energy production unit of Finnish forestry group UPM posted an 81% year-on-year increase in its achieved…
Read moreNordic power front gains as weather forecasts turn colder
(Montel) Nordic front power contracts were trading higher on Thursday, reversing some of the previous session’s losses, amid…
Read moreEDF extends safety circuit checks to 19 more reactors – CGT
(Montel) EDF will extend checks on safety circuits to 19 more reactors following the discovery of small cracks…
Read moreBrent crude slips below USD 90/bbl on rising US stockpiles
(Montel) Oil prices softened in early trading on Thursday, retreating from levels not seen since 2014 in the…
Read moreIberdrola plans 880 MW pumped storage plant start-up by June
(Montel) Spanish utility Iberdrola’s 880 MW Gouvaes pumped storage plant in northern Portugal is currently undergoing tests…
Read moreGerman spot power eyes EUR 40 gain as wind output wanes
(Montel) German day-ahead power looked set to rise on Thursday amid expectations of falling wind power generation.…
Read moreNord Stream 2 establishes German subsidiary
(Montel) Nord Stream 2 established a German subsidiary as demanded by the country’s regulator in order to get…
Read moreSolar developers urge comprehensive EU strategy
(Montel) European solar developers have urged a comprehensive EU-wide strategy in the sector to ensure “unprecedented” growth planned…
Read moreCoal hits 3-month high, CO2 eyes record
(Montel) European coal prices surged 9% to three-month highs in Wednesday trading, as depleted stocks and import…
Read moreRWE’s full-year trading earnings set to jump 40%
(Montel) Germany utility RWE’s full-year earnings from its supply and trading unit are expected to jump 42.7% for…
Read moreGas prices retreat on mild outlook, strong supply
(Montel) European gas prices retreated on Wednesday – having hit a 10-day high yesterday – on expectations of…
Read moreGerman Feb power sheds EUR 6 on windy, milder weather
(Montel) Germany’s front-month power contract shed about EUR 6 on Wednesday amid forecasts showing mild temperatures and above…
Read moreNordic power futures fall on milder weather outlook
(Montel) Nordic power futures fell on Wednesday as weather forecasts showed milder temperatures returning after a brief cold…
Read moreFrance has EC approval for Arenh hike – ministry
(Montel) France has the necessary approval from the European Commission to go ahead with its plan to temporarily…
Read morePanel price rise dampens Dutch solar growth
(Montel) Dutch solar capacity growth fell to an all-time low in 2021 as new projects were slowed down…
Read moreUK's 60% LNG import surge helps alleviate supply woes
(Montel) UK LNG imports have surged 60% in the month to date versus December to record levels…
Read moreItaly’s industry faces production changes amid energy crisis
(Montel) Half of Italy’s energy intensive companies adjusted or reduced production shifts, while a few were forced to…
Read moreStrike cuts French power capacity by 1.9 GW
(Montel) A strike by power workers in France had cut EDF’s power capacity by about 1.9 GW,…
Read moreEU coal terminal stocks slump to 10-month low
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have declined to a 10-month…
Read moreOil prices remain elevated as geopolitical concerns persist
(Montel) Oil prices continued to trade around pre-pandemic levels on Tuesday as geopolitical concerns around a possible Russian…
Read moreGerman spot power to halve on robust wind
(Montel) German day-ahead power prices looked set to halve on Wednesday as wind generation soars.…
Read moreOil prices edge up ahead of official US inventory data
(Montel) Oil prices traded a shade higher early on Wednesday as market participants awaited official US data on…
Read moreCarbon gains on weather, technicals
(Montel) European carbon prices were moving higher on Tuesday on a combination of colder weather forecasts, lower wind…
Read moreUkraine buys more US, Colombia coal amid domestic shortfall
(Montel) Ukrainian energy firm Dtek has secured four US and Colombia-origin thermal coal cargoes for delivery in…
Read moreTauron plans biggest Polish solar farm (100 MW) by end-2023
(Montel) Polish utility Tauron will build a 100 MW solar farm, the biggest in Poland, in the southern…
Read moreEnel boosts green energy capacity by 65% to 5.1 GW in 2021
(Montel) Enel’s global renewable energy capacity rose 65% year on year to 5.1 GW in 2021, bringing the…
Read moreInterconnectors have minor power price impact – Statnett
(Montel) The effect on power prices from Norway’s interconnectors will only be small over time, despite the cables…
Read moreNordic Feb, Q2 power reach 3-week highs on cold, dry outlook
(Montel) Nordic February and Q2 power futures rose on Tuesday to their highest levels since the start of…
Read moreBayWa buys asset manager, 300 MW of Italian green capacity
(Montel) German renewables firm BayWa Re has bought green energy operator and asset manager Renam, with the latter…
Read moreObstacles remain to Swedish nuclear investments – experts
(Montel) The political and economic risks of investing in conventional nuclear power capacity in Sweden are currently perceived…
Read moreItaly’s 2021 power demand rises 6% to 318 TWh – TSO
(Montel) Power demand in Italy rose nearly 6% in 2021 to 318 TWh, returning to pre-Covid levels, TSO…
Read moreGas ends 3 days of gains amid higher Russian flows
(Montel) European gas markets dropped on Tuesday after largely rising over the past three trading days, as Russian…
Read moreEC advisory group rejects gas, nuclear on EU green list
(Montel) Nuclear and natural gas-fired power should not be eligible for “green” investment labels under conditions proposed by…
Read moreNordic Power Trading posts 12% return despite volatility
(Montel) Denmark-based Nordic Power Trading made a return of 11.6% on investments last year, with the size of…
Read moreOil rises on Russia-Ukraine tension, supply concerns
(Montel) Oil prices were rising on Monday around persisting geopolitical tension over fears of a Russian invasion of…
Read moreNorway’s SFE drops price hedging as system price soars
(Montel) Norwegian hydropower producer SFE will cease to hedge its future production against the benchmark Nordic system price,…
Read moreGerman spot power to ease from 1-month high on wind surge
(Montel) German day-ahead power prices looked set to dive almost EUR 80 on Tuesday as forecasts indicated wind…
Read moreEuropean Energy signs 80 GWh PPA with 595 Solutions
(Montel) Danish renewables producer European Energy has signed a five-year power purchase agreement (PPA) with German metals producer…
Read moreCarbon retreats from 2-week high
(Montel) European carbon prices on Monday retreated from two-week highs hit earlier in the session, as bearish…
Read moreGerman power curve jumps as gas prices surge
(Montel) German power curve contracts rose on Monday, taking a cue from strong moves in the gas market…
Read moreItaly’s renewable sector slams windfall profit levy plans
(Montel) Italy’s latest package of government emergency measures, including plans for a windfall profit levy on green energy,…
Read moreSpain power forwards climb nearly EUR 40 on bullish gas
(Montel) Spanish power forwards soared almost EUR 40 on Monday, as gas prices climbed amid Russia-Ukraine tension,…
Read moreSupply tightness underpins coal market
(Montel) European coal prices will likely remain well supported this week amid a lack of spot cargoes…
Read moreGazprom plans no gas auctions to EU this week
(Montel) Gazprom plans no sales of gas to European customers via its electronic sales platform for the 15th…
Read moreNordic front-month power jumps near EUR 8 on drier outlook
(Montel) Nordic front-month power jumped near EUR 9 on Monday amid a drier outlook, which would worsen…
Read moreA2A buys 0.4 GW green energy in Italy, Spain for EUR 0.5bn
(Montel) Italian utility A2A has acquired 352 MW in wind and solar capacity in Italy and Spain from…
Read moreFebruary gas surges 15% on Russia-Ukraine fears
(Montel) European front-month gas contracts surged 15% on Monday amid growing fears that a Russian invasion of Ukraine…
Read moreSpain to add 4 GW green capacity in 2022 – lobbies
(Montel) Spain looked set to connect over 4 GW of new wind and solar capacity to the grid…
Read moreEU needs extreme vigilance on gas supplies – Simson
(Montel) The EU needs to remain extremely vigilant on gas supplies as tensions with Russia escalate, said EU…
Read moreGermany rejects nuclear, backs gas in EU green taxonomy
(Montel) Germany continues to reject labelling nuclear power as a potentially green investment under the EU sustainable finance…
Read moreShipyards fully booked to 2025 on LNG demand – shipbroker
(Montel) Shipyards are fully booked until mid-decade as vessel owners rush to take advantage of growing LNG…
Read moreGerman spot power jumps EUR 27 amid low wind output
(Montel) German day-ahead power prices looked set to rise around 11% on Monday as already low wind output…
Read moreGas continues rise on Russia-Ukraine tension
(Montel) European gas prices rose on Friday as diminished pipeline flows from Russia and tensions between the country…
Read moreEUAs set to hold within EUR 80-86 range
(Montel) European carbon prices are set to remain stuck within an EUR 80-86/t range next week amid…
Read moreNordic power recovers amid buoyant German market
(Montel) Nordic power futures rose on Friday, recovering somewhat from this week’s sell-off amid a buoyant German power…
Read moreSpain to add 10 GW in solar PPAs by 2025 – adviser
(Montel) The volume of power purchase agreements (PPAs) linked to solar PV assets in Spain could reach 10…
Read moreDraghi presidency may put Italy’s energy policy in limbo
(Montel) Italy’s energy policy could face a period of limbo if prime minister Mario Draghi steps down to…
Read moreFour EU nations reject gas, nuclear in green taxonomy
(Montel) Austria, Denmark, Luxembourg and Spain continue to reject natural gas and nuclear in the EU’s sustainable finance…
Read moreGerman spot power to remain flat on unchanged wind
(Montel) German spot power prices looked set to remain flat next week with wind levels around the…
Read moreSpain likely to extend 7% generation tax freeze to Q2 – Afry
(Montel) The Spanish government is likely to extend the suspension of a 7% generation tax to Q2 and…
Read moreEurope to see near record LNG imports to March – analysts
(Montel) Near record LNG deliveries to Europe, including Turkey, will continue until March amid ongoing strong demand and…
Read moreCrude prices fall on increased inventories
(Montel) Crude oil took a further break from seven-year highs to move lower early on Friday on…
Read moreCO2 may hit EUR 100/t around compliance deadline – Vertis
(Montel) European carbon prices may trade around EUR 100/t closer to the end of the compliance period on…
Read moreSpain exposed to LNG prices on piped gas curb – analyst
(Montel) The Iberian gas market will continue to be much more exposed to changes in the LNG…
Read moreFrance only nation set to miss 2020 renewables goal
(Montel) France is the only EU country set to miss meeting its binding 2020 renewables target, which it…
Read moreBack-up gas plants should be part of green taxonomy – lobby
(Montel) Natural gas-fired power plants used to back up intermittent renewables should be included as green investments in…
Read moreGas crisis shows need for reliable suppliers – von der Leyen
(Montel) The current gas price crisis should be used to speed up the EU’s switch away from fossil…
Read moreTechnical signals buoy CO2, fuels fall
(Montel) European carbon prices rose on Thursday, driven largely by supportive technical indicators, while fuels markets softened…
Read moreGerman onshore wind to grow 2.3-2.7 GW in 2022 – lobbies
(Montel) Germany's onshore wind capacity would grow 2.3-2.7 GW this year, up from 1.9 GW last year,…
Read moreFinnish union extends 345 MW paper mill strike
(Montel) The Finnish Paperworkers’ union has extended an ongoing strike affecting more than 345 MW of power demand…
Read moreGerman Feb power continues slide as short-term risks wane
(Montel) German February power dropped on Thursday as a milder weather outlook and strong wind power are expected…
Read moreNordic 2021 hydropower GOs climb, 2022 flat
(Montel) Guarantees of origin (GO) prices from 2021 Nordic hydropower have climbed in the week to Thursday on…
Read moreFinnish telecom firm, RPC sign 10-year wind PPA for 150 GWh
(Montel) Finnish telecommunication firm Elisa and UK investment company Renewable Power Capital (RPC) have signed a 10-year power…
Read moreNordic power plunges on bearish weather, softer gas
(Montel) Nordic front power futures were trading sharply down on Thursday amid a wet and mild weather outlook…
Read moreShell doubles Italian solar development pipeline to 2 GW
(Montel) Royal Dutch Shell has doubled its solar development pipeline to 2 GW in Italy through the acquisition…
Read moreGerman power set to continue bull run this year – analysts
(Montel) Strong European gas and carbon prices should drive the German power front-year contract above EUR 100/MWh this…
Read moreGas falls amid more Norway flows, mild outlook
(Montel) European gas contracts fell on Wednesday, as Norwegian supply increased and forecasts continued to predict mild…
Read moreGerman spot power eyes 40% gain as wind plunges
(Montel) German day-ahead power looked set to jump 40% on Thursday amid expectations of falling wind power…
Read moreOil prices retreat from 7-year highs
(Montel) Oil prices traded little a shade softer early on Thursday, retreating further from fresh seven-year highs reached…
Read moreIEA revises up oil demand growth outlook for 2021-22
(Montel) Global demand for oil has risen faster than expected in recent months and would likely reach pre-Covid…
Read moreGasum signs deal to manage Yara’s energy portfolio
(Montel) Finnish energy group Gasum has agreed to provide Norwegian fertiliser group Yara with energy market services for…
Read moreFrance’s ASN warns against further reactor closures
(Montel) Closing 12 more reactors in France by 2035 as planned will cut supply margins to an extent…
Read moreEU must reduce dependence on Russian energy – Macron
(Montel) The EU needs to reduce its dependence on Russian oil and gas imports to improve its geopolitical…
Read moreEurope PPAs hit record capacity in December – Pexapark
(Montel) European power purchase agreement (PPA) signings soared in December to reach a record monthly capacity of 3…
Read moreUK’s SSE acquires 30 MW UK solar park
(Montel) UK energy company SSE has acquired a 30 MW solar park from developer Stark Energy, marking the…
Read moreEDF woes won't derail pro-nuclear election stance – experts
(Montel) The recent accumulation of setbacks in the French nuclear industry is unlikely to provoke a backlash against…
Read moreCoal falls 4%, tracks gas losses
(Montel) European coal prices dropped 4% on Wednesday amid subdued physical trading activity, led by a weaker…
Read moreEDF rivals, industrials urge extension of Arenh increase
(Montel) EDF’s rival suppliers and industrial power users are urging the French government to extend a planned rise…
Read moreCO2 border tax good alternative to free permits – think tank
(Montel) A carbon border tax is a good alternative to free trading allowances for protecting EU competitiveness as…
Read moreEDF may need to stop new reactors to check circuits – ASN
(Montel) EDF might have to stop new reactors to check their safety injection system (SIS) circuit after the…
Read moreVattenfall mulls bid for subsidy-free Dutch offshore wind
(Montel) Vattenfall is among the potential bidders alongside SSE in the upcoming 1.4 GW Hollandse Kust West offshore…
Read moreDevelopers face challenges to exploit offshore wind – expert
(Montel) The recent Scotwind auction was unlikely to be surpassed in terms of capacity secured, with developers facing…
Read moreGermany and Norway at odds over support for blue hydrogen
(Montel) Norway’s ambition to clean up its gas supplies by producing blue hydrogen with carbon capture and storage…
Read moreNordic power front month slides 4% on mild, wet weather
(Montel) The Nordic front-month power contract tumbled more than 4% on Wednesday amid forecasts of mild and…
Read moreEU could earn EUR 800bn from ETS this decade – agency
(Montel) The EU’s member states could earn as much as EUR 800bn from the EU ETS this decade,…
Read moreSouth Korea 2021 LNG imports grow 13%, coal also rises
(Montel) South Korea’s LNG imports in 2021 rose 13% year on year, customs data showed on Wednesday,…
Read moreBHP reduces thermal coal production by 8%
(Montel) BHP reduced thermal coal production 8% on the year in the first half of the 2021-22…
Read moreGerman spot power to drop EUR 60 amid wind boost
(Montel) German day-ahead power prices looked set to shed over a third on Wednesday as forecasts suggested…
Read moreGreen hydrogen seen cost competitive in 2 years – study
(Montel) Green hydrogen is set to become cost competitive with existing conventional hydrogen in two years thanks to…
Read moreAxpo unit signs 300 MW Polish solar PPA
(Montel) Axpo’s Polish subsidiary has signed a power purchase agreement (PPA) for 300 MW of solar capacity in…
Read moreLow stocks to underpin 2022 gas prices – Cedigaz
(Montel) Gas prices will likely soften over the coming year as increased supply enters the market but…
Read moreOil extends 7-year highs on supply, geopolitical tensions
(Montel) Oil prices extended seven-year highs early on Wednesday amid concerns about tightening supply and escalating geopolitical tensions.…
Read moreNasdaq supports proposal for independent market operator
(Montel) Moving market coupling operations to an independent unit would provide more healthy competition between spot power exchanges…
Read moreCarbon and coal prices climb amid tight supply
(Montel) European carbon and coal prices traded higher in Tuesday afternoon trading amid continued supply tightness in energy…
Read moreSweden grid bottlenecks boost price effect of wind – analyst
(Montel) Bottlenecks in the Swedish power grid are amplifying the price effect of new wind farms, especially in…
Read moreUK court dismisses oil, gas funding challenge
(Montel) A UK court on Tuesday dismissed a challenge against the government’s financial support for oil and gas…
Read moreEnergy independence key to combat high prices – Le Maire
(Montel) Improving Europe’s energy supply independence is key to combating high prices and inflation, said French economy minister…
Read moreSpain’s 717 MW new wind in 2021 “far below” target – lobby
(Montel) Spanish wind power capacity rose by 717 MW in 2021 but was “far below” a national annual…
Read moreSpain could raise biomethane output 12-fold by 2024 – lobby
(Montel) Spain’s annual biomethane production could spike 12-fold to an average 2,077 GWh/year by 2024 as it aims…
Read moreIndonesia further eases coal export ban
(Montel) Indonesia has granted export permits to 29 coal miners since last Wednesday when it <a href="/News/Story.aspx?id=1292497&highlightCsv=">partially…
Read moreHigh power prices threaten metal industry’s future – lobby
(Montel) High power prices have led to “unprecedented” curtailments and temporary closures in the non-ferrous metals sector and…
Read moreGerman front-month power tumbles EUR 6 with weaker gas
(Montel) German front-month power tumbled EUR 6 on Tuesday along with weaker gas, while the front year rose…
Read moreGreen cars in Denmark could consume 3.5 TWh/year by 2030
(Montel) Low or zero emissions vehicles in Denmark could consume 3.5 TWh of renewable energy a year by…
Read moreGas front month flat amid milder weather, outages
(Montel) European gas prices were range-bound on Tuesday, as expectations of rising temperatures offset Norwegian gas outages and…
Read moreNordic power futures fall on mild and wet weather outlook
(Montel) Nordic power futures fell on Tuesday in line with flagging German power prices and amid forecasts for…
Read moreGerman power demand could double by 2045
(Montel) Electricity consumption in Germany could double to 1,128 TWh by 2045, mainly due to electrification of the…
Read moreGerman minister indicates funding for LNG terminal
(Montel) Germany may financially support the construction of an LNG terminal if the project fails to receive private…
Read moreRWE CEO urges German government to support LNG terminal
(Montel) Germany’s new government should support the construction of an LNG terminal in the country to diversify its…
Read moreAnalysts revise down Q1 US gas price outlook by 11%
(Montel) FocusEconomics has revised down its forecast for average US benchmark Henry Hub gas prices in the…
Read moreStatkraft, Better Energy sign 10-year Polish PPA
(Montel) Norwegian power producer Statkraft has signed a 10-year power purchase agreement (PPA) with Denmark’s Better Energy for…
Read moreFocusEconomics raises Q1 coal price outlook 4.3%
(Montel) Pacific basin benchmark coal prices could average USD 152.10/t in the first quarter, up 4.3% –…
Read moreGerman spot power set to dive 28% on 24 GW wind
(Montel) German day-ahead power prices looked set to dive almost EUR 66 on Tuesday as forecasts indicated wind…
Read moreOil continues to trade around multi-year highs
(Montel) Crude oil was continuing to trade around multi-year highs on Tuesday amid geopolitical tension and market tightness…
Read moreFebruary gas drops over 10% amid more LNG
(Montel) European front-month gas prices fell more than 10% on Monday afternoon, as the prospect of more LNG…
Read moreGazprom books just 11mcm/day gas transit capacity for Feb
(Montel) Russia's Gazprom has booked just 11.1mcm/day of additional gas transit capacity to European destinations for February, according…
Read moreScottish Power secures 7 GW Scotwind capacity
(Montel) UK developer Scottish Power, a unit of Spain’s Iberdrola, secured the seabed rights to develop three offshore…
Read moreFaster German renewables growth could cut costs
(Montel) An accelerated renewables capacity buildout and fossil fuel phase-out could cut German power costs by a third,…
Read moreGas prices slide EUR 5 on strong LNG supply
(Montel) The benchmark Dutch TTF front-month gas contract fell EUR 5 on Monday as LNG deliveries to…
Read moreCoal prices near 2-month highs on tight supply
(Montel) European coal prices look set to remain strong this week amid still limited prompt supply at…
Read moreGerman power front month falls on gas, less nuclear risk
(Montel) The German power front month dropped on Monday amid pressure from European gas and carbon markets and…
Read moreSpanish spot power may rebound amid more demand, less wind
(Montel) Spanish spot power prices could rebound this week amid higher demand and sliding wind, yet that…
Read moreNordic power front softens on wet and mild outlook
(Montel) Nordic power front contracts dropped by more than EUR 1 on Monday amid an outlook for wet…
Read moreGas price surge makes renewables “cheapest” power in UK
(Montel) Skyrocketing gas prices drove an 85% increase in wholesale UK power prices last year, underscoring the need…
Read moreRussia relaxes coal export restrictions via Latvia
(Montel) Russia is ramping up coal railings to the port of Riga for onward shipment to Europe,…
Read moreFrance raises Arenh volume by 20 TWh to cap energy bills
(Montel) The French government will increase the volume of nuclear power available in 2022 on the regulated…
Read moreEuropean Energy sells 122 MW Italian solar parks to Iren
(Montel) Denmark’s European Energy has sold two Italian solar parks with a combined installed capacity of 121.5 MW…
Read moreBrent crude hits 3-year high as demand concerns wane
(Montel) Brent crude hit its highest point in more than three years on Monday as fears over demand…
Read moreGerman spot power set to rise above EUR 240 as wind drops
(Montel) German day-ahead power prices were set to nearly double on Monday amid an expected sharp decline…
Read moreEurope gas crisis to speed transition to hydrogen – lobby
(Montel) Europe’s current gas crunch could speed the transition to alternative fuels like green hydrogen, said the International…
Read moreEDF may seek capital increase on possible EUR 8bn hit – bank
(Montel) EDF is "likely" to launch a new capital increase to mitigate the financial impact of this year's…
Read moreMEP seeks ban on ETS funding for new nuclear
(Montel) Eastern European countries would not be allowed to build nuclear plants using emissions trading system (ETS) funds…
Read moreGerman front-quarter power jumps on French nuclear outages
(Montel) Contracts along the German power curve gained on Friday in reaction to an announcement that French utility…
Read moreRefinitiv hikes CO2 forecast 30% to EUR 85/t for Q1
(Montel) Refinitiv analysts have hiked their forecasts for European carbon prices to average EUR 85/t in Q1 and…
Read morePolish coal miners end blockade threat after wage deal
(Montel) Miners with Poland's biggest coal producer PGG have struck a wage agreement with management, ending their threat…
Read moreNorway must make offshore wind viable – Statkraft CEO
(Montel) Norway should allow new offshore wind developments to connect to more than one country to ensure they…
Read moreMEP Liese backs 4.2% annual cut in ETS emissions cap
(Montel) The European Parliament’s lead negotiator on emissions trading system (ETS) reforms supports cutting the annual cap by…
Read moreCO2 prices to trade in volatile EUR 80-85/t range next week
(Montel) European carbon prices are set to move within an EUR 80-85/t range next week amid continued volatility. …
Read moreScottish Power Renewables acquires 800 MW UK solar assets
(Montel) ScottishPower Renewables has acquired 800 MW of solar projects in the UK, marking the country’s largest solar…
Read moreTTF prices rise amid French nuclear power cut plans
(Montel) European gas prices rose on Friday after French utility EDF announced plans to cut nuclear production,…
Read moreMEP Liese aims ETS changes at decarbonisation, not prices
(Montel) The European Parliament’s lead negotiator on carbon market reforms, Peter Liese, plans targeted changes focused on speeding…
Read moreGermany to become net power importer from 2023 – IEA
(Montel) Germany is set to become a net importer of electricity from next year amid the country’s nuclear…
Read moreGerman coal imports may rise 12% in 2022 – trade group
(Montel) German thermal coal imports could increase 12% this year to 28.5m tonnes thanks to growing power…
Read moreNordic power curve firms on lower French nuclear output
(Montel) The Nordic front-month and front-quarter power contracts extended gains on Friday amid news of planned cuts…
Read morePolish miners threaten to halt power plant coal shipments
(Montel) Miners with Poland's biggest coal producer PGG have threatened to halt coal shipments to the country's power…
Read moreNordic wind power output hits fresh record above 20 GW
(Montel) Wind power output in the Nordic region reached a record average 20.1 GWh/h production, or 402.4 GWh…
Read moreEDF cuts 2022 nuclear output target by 10% amid outages
(Montel) EDF has cut its 2022 nuclear production target by almost 10% to 300-330 TWh following outages…
Read moreCrude prices rise slightly on supply concerns
(Montel) Crude oil was slightly higher early on Friday amid ongoing concerns about supply and optimism about demand…
Read moreEU gas prices to fall more quickly than expected – Aurora
(Montel) European gas and power prices should fall from current highs more quickly next year than currently priced…
Read moreEU gas prices could still surge this winter – WoodMac
(Montel) European gas prices could still increase “substantially” this winter, depending on weather, supply and Nord Stream 2…
Read moreOrsted commits to first corporate PPA in N Ireland
(Montel) Danish energy company Orsted has taken a final investment decision to build a wind farm in Northern…
Read moreCO2 continues fall on weak technicals, auction
(Montel) European carbon prices were extending their previous session’s losses on Thursday as bearish technical signals and a…
Read moreGreen project dearth boosts PPAs despite uncertainty – Engie
(Montel) A lack of permitted, renewable projects and European power market uncertainty have strengthened the position of green…
Read moreNorway 2021 gas exports rose 6bcm to 3rd highest on record
(Montel) Norway exported 113.2bcm of natural gas through pipelines to other European destinations last year, an increase of…
Read moreFront-month gas falls on mild spell, LNG influx
(Montel) European front-month gas contracts continued their fall on Thursday, following revised forecasts for milder weather in the…
Read moreMore MEPs back keeping carbon reserve intake at 24%
(Montel) The European Parliament should support keeping the 24% intake rate of EU carbon allowances in a reserve…
Read moreEuropean PPA prices rise 8% in Q4 amid energy crisis
(Montel) European power purchase agreement (PPA) prices rose, by nearly 8%, quarter on quarter for the third consecutive…
Read moreNovatek's LNG exports fall 11% in 2021
(Montel) Russian gas firm Novatek saw an 11% drop in LNG sales on the international market to 7.94bcm,…
Read moreNordic hydropower GOs steady ahead of compliance buying
(Montel) Guarantees of origin (GO) prices from Nordic hydropower were broadly stable in the week to Thursday amid…
Read moreNewcastle coal prices jump 17% on week amid tight supply
(Montel) Pacific-basin benchmark coal prices jumped over 17% over the past week as Indonesian export restrictions –…
Read moreExchanges hurt competition by opposing Acer plan – expert
(Montel) Power exchanges Nord Pool and Epex Spot are undermining European exchange competition by opposing plans for…
Read moreEDF delays Flamanville start-up to end 2023 on weld issue
(Montel) French utility EDF has postponed the commercial start-up of its Flamanville reactor by six months to the…
Read moreGlobal LNG market set to remain tight in 2022 – Poten
(Montel) Global LNG markets will likely remain tight in 2022 amid ongoing robust demand and limited supply growth,…
Read moreNordic power futures drop on wet, mild weather outlook
(Montel) Nordic power futures slumped as much as 6% in early trading on Thursday as weather forecasts pointed…
Read moreIndonesia lifts coal export ban
(Montel) Indonesia has lifted a ban on thermal coal exports, imposed since the start of the year,…
Read moreEon, Horisont cooperate on hydrogen, carbon capture
(Montel) German utility Eon and Norwegian hydrogen firm Horisont Energi plan to jointly develop hydrogen production and carbon…
Read moreGerman spot power to ease with demand drop, mild weather
(Montel) German day-ahead power looked set to ease on Thursday amid expectations of falling demand and milder…
Read moreNordic region sees record wind power output
(Montel) The Nordic region saw record wind power output of 20.3 GWh/h from 03:00-04:00 CET on Thursday, according…
Read morePoland's power output rises 14% in 2021 – TSO
(Montel) Polish power output rose 14% last year to 173.6 TWh, according to data from TSO PSE released…
Read moreCrude oil eases from 2-month highs amid tight US stockpiles
(Montel) Oil prices eased in early trading on Thursday, pulling back from fresh two-month highs reached the previous…
Read moreGas falls as LNG lessens winter supply risk
(Montel) European gas contracts continued to fall across the curve on Wednesday, as an influx of LNG helped…
Read moreEuropean gas prices unlikely to revisit highs – analysts
(Montel) European gas prices will likely remain supported in Q1 amid Russian supply concerns but strong LNG…
Read moreBaltic gas exchange sees record 8 TWh traded last year
(Montel) Trading volumes on the Baltic gas exchange Get Baltic rose 10% to a record 8 TWh last…
Read moreNew French EPR start date "very optimistic” – nuclear expert
(Montel) EDF’s latest target to start its Flamanville nuclear reactor by the end of 2023 is "very optimistic",…
Read moreGerman power front month drops on gas, windier outlook
(Montel) German front-month power continued to trade lower on Wednesday, with pressure coming from the gas market and…
Read moreNordic power continues recovery despite mild, wet forecast
(Montel) Nordic power futures continued to rise on Wednesday in a correction after a recent sell-off despite weather…
Read moreIndonesia may hike coal exports 14% in 2022
(Montel) Indonesia has set a coal export target of 497.2m tonnes for 2022, more than 14% higher…
Read moreIneos signs 10-year PPA for 250 GWh Belgian wind supply
(Montel) UK petrochemical producer Ineos has signed a power purchase agreement (PPA) with Eneco to purchase 250 GWh/year…
Read moreUS LNG exports to rise 18% in 2022 – EIA
(Montel) The US will likely hike LNG exports 18% this year to 11.54bn cubic feet per day (327mcm/day)…
Read moreSweden launches EUR 0.6bn fund to tackle high power prices
(Montel) Sweden’s government has set aside SEK 6bn (EUR 584m) to compensate households for record high electricity prices…
Read moreEesti Energia, Octopus sign 5-year wind PPA for 1.4 TWh
(Montel) Estonian utility Eesti Energia and UK company Octopus Renewables have signed a wind power purchase agreement (PPA)…
Read moreEDF delays fuel loading at Flamanville reactor to Q2 2023
(Montel) French utility EDF has delayed fuel loading at its new generation European pressurised reactor (EPR) at…
Read moreGermany to target 572 TWh renewables in 2030
(Montel) Germany’s government will target 572 TWh of power generation from renewable sources by 2030 when it tables…
Read moreGerman spot power to drop EUR 50 as renewables rise
(Montel) German day-ahead power prices looked set to drop over EUR 50 on Wednesday following forecasts of…
Read moreOil prices pare gains after touching 2-month highs
(Montel) Oil prices were little changed after touching fresh two-month highs on Wednesday morning, driven by the prospect…
Read moreExperts get more time for gas, nuclear green label response
(Montel) Experts now have until 21 January to respond to the European Commission’s proposed criteria for natural gas…
Read moreLNG, weather pressure gas lower
(Montel) European gas prices continued to ease from elevated levels on Tuesday due to pressure from a…
Read moreCleared coal futures on Ice more than halve in December
(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange slumped by more than half…
Read moreUkraine coal supply concerns subside despite Russian ban
(Montel) Ukrainian coal stocks have risen more than 20% over the past month despite an ongoing Russian…
Read moreGermany eyes gas exit from power generation from 2035
(Montel) Germany’s new government wants to exit natural gas in power generation from 2035 and use green hydrogen…
Read moreNo near-term risk to German supply security – Agora
(Montel) Germany’s closure of coal and nuclear plants against a backdrop of a global gas shortage posed…
Read moreGerman power prices fall amid milder weather, declining gas
(Montel) German benchmark power prices eased on Tuesday morning, as a mild weather outlook and falling gas…
Read moreGas prices drop as temperatures, LNG supplies rise
(Montel) European gas prices dropped on Tuesday amid forecasts of higher temperatures than previously expected and more LNG…
Read moreGerman gas expansion requires amended taxonomy – BDI
(Montel) The European Commission’s green taxonomy draft rules need amending or Germany’s required expansion of gas-fired capacity would…
Read moreGerman February power sheds 7% amid sliding gas prices
(Montel) German February power dropped around 7% in early trading on Tuesday, dragged down mainly by flagging gas…
Read moreGerman green fund balance hits record EUR 10.6bn in 2021
(Montel) Germany’s green energy fund increased its balance by EUR 1.6bn to a record EUR 10.6bn in…
Read moreDenmark power capacity crunch after 2030 possible – agency
(Montel) Denmark could struggle to meet power demand during hours with low wind output and high consumption needs…
Read moreNordic power front futures edge up amid correction
(Montel) Nordic power contracts edged higher on Tuesday, correcting from a recent sell-off with the gains limited by…
Read moreMEP Liese to unveil draft ETS reforms position on Friday
(Montel) The European Parliament’s lead negotiator on EU carbon market reforms will set out his initial views on…
Read moreEquinor to report up to USD 1.5bn loss from Q4 gas trading
(Montel) Norwegian energy group Equinor is set to post an up to USD 1.5bn loss from Q4 gas…
Read moreNordic financial power volumes hit 23-year low in 2021
(Montel) Nordic financial power volumes traded and cleared on the Nasdaq Commodities exchange slumped to their lowest point…
Read moreGerman industry may face gas interruptions – association
(Montel) Large industrial energy consumers in Germany may see their gas supplies interrupted this winter due to the…
Read moreGerman spot power eyes EUR 5 fall on rising wind generation
(Montel) German day-ahead power prices looked set to shed around EUR 5 on Tuesday amid forecasts of higher…
Read moreFrance is close to a solution to cap power prices – minister
(Montel) French economy minister Bruno Le Maire hopes to find a “technical solution by the end of…
Read moreRussian coal exports fall to 10-month low
(Montel) Russian coal exports in December slipped to a 10-month low, as logistics constraints hampered exporter efforts…
Read moreOil edges up but China Omicron fears cap gains
(Montel) Oil prices were edging higher on Tuesday though fears over the spread of Omicron in China and…
Read moreCarbon drops more than EUR 4 as auctions resume
(Montel) European carbon prices fell on Monday after the EEX exchange resumed auctions for the first time in…
Read moreFrench nuclear power supply reaches 11-month high
(Montel) France’s nuclear power plant availability reached its highest level since 5 February last year at 48.7…
Read moreGerman February power falls on milder outlook, carbon
(Montel) German front-month power lost value on Monday on early pressure from a milder temperature outlook and the…
Read moreVolatility forces portfolio manager Shepherd to close shop
(Montel) Swedish portfolio manager Shepherd Energy has closed its business amid extreme market volatility, company founder Arne Osterlind…
Read moreSpanish spot power may jump on higher demand
(Montel) Spanish spot power could jump this week amid higher demand and a halving of wind supply,…
Read moreIndonesian export ban buoys coal prices
(Montel) Atlantic basin coal prices gained in early Monday trading amid support from an ongoing ban on…
Read moreFront-month gas prices rise as supply concerns persist
(Montel) European front-month gas contracts reversed initial losses to rise on Monday morning as thin supplies from Russia…
Read moreCarbon falls EUR 2 as auction supply resumes
(Montel) European carbon prices fell as much as 3% on Monday morning as the EEX exchange resumed…
Read morePowertis, Aquila raise Italy solar goal to near 1.2 GW
(Montel) Spain’s Powertis and German investment fund Aquila Capital have agreed to develop an additional 421 MW of…
Read moreNordic front-month power slides 9% on wet, mild outlook
(Montel) The Nordic front-month power contract tumbled EUR 8.50 – or 9% – on Monday amid forecast…
Read moreEU must invest EUR 500bn in new nuclear by 2050 – official
(Montel) Europe must invest EUR 500bn by 2050 to develop next-generation nuclear reactors and reach its net-zero…
Read moreKey MEP backs keeping carbon reserve intake at 24%
(Montel) The EU should keep the 24% intake rate of EU carbon allowances into a reserve until 2030…
Read moreRising coal burn drives up German emissions 4.5% – Agora
(Montel) Germany has stepped back from its climate targets with greenhouse gas emissions rising by 4.5% in 2021…
Read moreNorway increases support for consumers amid energy crisis
(Montel) The Norwegian government said this weekend it would reimburse households for 80% of all electricity costs above…
Read moreGerman spot power softens as green output to rise
(Montel) German day-ahead power prices were set to ease around EUR 1.50 on Monday amid rising wind and…
Read moreCrude oil trades flat amid demand concerns
(Montel) Crude oil was trading flat on Monday amid concerns around demand due to a weaker economic outlook,…
Read moreEnergy complex falls on milder outlook
(Montel) The European energy complex was falling on Friday pressured by forecasts of milder weather, though fundamentals remained…
Read moreSwiss TSO agrees deal with Italy to ease grid congestion
(Montel) Switzerland’s TSO Swissgrid has agreed a deal with Italy to ease cross-border trading congestion on its southern…
Read moreDutch to nearly double this year’s Groningen gas output
(Montel) The Dutch government wants to nearly double output from the Groningen gas field to 7.6bcm in the…
Read moreGOs - Hydro contracts face pressure from supply increase
(Montel) European hydro guarantees of origin (GOs) prices for 2022 were little changed over the past week as…
Read moreGerman power exports fall 6% in 2021 – BNA
(Montel) German net power exports fell 5.9% year on year from about 18.4 TWh to 17.4 TWh in…
Read moreGerman front-month contracts fall with lower gas prices
(Montel) Germany’s February and March power contracts shed up to 7% in midday trading on Friday, tracking losses…
Read moreFrench December imports soar on low nuclear supply
(Montel) France was a net power importer for a second consecutive month in December, taking in 2.2 TWh…
Read moreCO2 may revisit record high despite auction restart
(Montel) European carbon prices are expected to remain well supported next week and could retest record highs despite…
Read moreGas prices drop amid milder weather forecasts
(Montel) European gas prices declined on the back of forecast milder temperatures, although weather models remained uncertain.…
Read moreGermany to see mild weather, weak wind to February
(Montel) Germany is set to see mild weather to the beginning of February, with normal to below average…
Read moreNordic February power firms on colder weather, German power
(Montel) The Nordic February power contract edged higher in early Friday trading in response to forecasts indicating…
Read moreShell’s LNG Q4 output falls below expectations
(Montel) Royal Dutch Shell’s LNG liquefaction volumes in the fourth quarter of last year fell below expectations…
Read moreBelgium’s power exports hit all-time high in 2021
(Montel) Belgium exported a record amount of power last year, 21.7 TWh, due to increased nuclear and…
Read moreCrude prices rise on Kazakhstan, Libya output concerns
(Montel) Crude oil was higher early on Friday on supply concerns amid protests in Kazakhstan and lower production…
Read moreGerman spot power set to soar next week on less wind
(Montel) German spot power prices on Friday looked set to strengthen by nearly EUR 100 next week,…
Read moreNewcastle coal index rebounds on Indonesia export ban
(Montel) The Pacific basin’s leading coal index rebounded this week following news that No. 1 thermal coal…
Read moreCoal rises on lingering supply shortfall
(Montel) European coal prices rose further in Thursday trading, as spot supply remained insufficient to meet still-strong…
Read moreGerman power Cal 23 falls amid lower carbon prices
(Montel) The German benchmark power contract for 2023 fell amid lower CO2 and stable gas prices on…
Read moreUS LNG exports to Europe jump over 20% in 2021
(Montel) US LNG exports to European and west Mediterranean destinations soared 22% last year to 23.5bcm, amid…
Read moreNew nuclear needs 2050 waste plan for green label
(Montel) New nuclear power plants would need a detailed plan for storing high-level radioactive waste by 2050 to…
Read moreEscalating Russia-Ukraine conflict puts NS2 at risk – Berlin
(Montel) An escalating conflict between Russia and Ukraine would jeopardise the Nord Stream 2 pipeline between Russia and…
Read moreNordic power prices continue fall on wetter forecasts
(Montel) Nordic power futures extended their prior session losses on Thursday amid wetter forecasts, with precipitation set…
Read morePrompt gas prices gain on tight supply, steady demand
(Montel) European gas prices gained ground in early Thursday trading amid tight supply and as colder weather…
Read moreIndonesia reduces January coal price on China output growth
(Montel) Indonesia's energy ministry set its January coal reference price at USD 158.50/t, down by a marginal…
Read moreEurope eyes 77% jump in LNG cargoes this week
(Montel) Europe looked set to receive a surge in LNG cargoes this week following a recent spike…
Read moreGerman spot power to shed EUR 33 as wind output rises
(Montel) German day-ahead power looked set to drop on Thursday amid expectations of rising wind production and…
Read moreOil retreats after US inventory data suggests softer demand
(Montel) Oil prices slumped in early trading on Thursday amid concerns about US demand for crude products and…
Read moreTerna sells 425 MW of demand response contracts for 2022
(Montel) Italian TSO Terna has sold 424.7 MW out of 700 MW of demand-side response power contracts for…
Read moreCO2 prices gain amid thin liquidity, firm buying
(Montel) European carbon prices gained on Wednesday, as thin liquidity and firm buying interest were supported by a…
Read moreMEP wants end to free EUAs for CO2 border tax sectors early
(Montel) Sectors covered by the EU’s planned carbon border adjustment mechanism (CBAM) should lose their right to free…
Read moreGerman power Cal 23 edges higher amid gas gains
(Montel) German front-year power continued to climb on Wednesday, pulled along by firm prices in the gas market.…
Read moreGas prices jump EUR 4 as Russia concerns persist
(Montel) European gas prices rose EUR 4 on Wednesday amid diminished Russian flows, a Norwegian gas field outage…
Read moreNorNed, Cobra capacity cuts due to Dutch congestion – TSO
(Montel) Ongoing capacity restrictions on the NorNed and Cobra power cables (1.4 GW combined) between the Nordic…
Read moreNordic front power softens in post-holiday market
(Montel) Nordic power futures softened on Wednesday in a quiet post-holiday market with low trading volumes and few…
Read moreUniper secures credit lines to shield from volatility
(Montel) German utility Uniper has secured additional funds to shield itself from risks in a volatile trading environment.…
Read moreGas, carbon prices extend gains
(Montel) European gas prices were poised to climb another 10% on Tuesday as a downturn in Russian…
Read moreOil hovers near 6-week highs on steady Opec+ supply boost
(Montel) Oil prices hovered near six-week highs early on Wednesday, a day after Opec and its Russia-led partners…
Read moreGas-fired power needs limited hours or heat for green label
(Montel) Natural gas-fired power plants running for limited hours, or also supplying heat, could qualify as transitional sustainable…
Read moreEU coal terminal stocks averaged 30% lower in 2021
(Montel) Combined coal inventories at four key northwest European dry bulk terminals last year were on average…
Read moreGerman ministry expects renewables to cut high energy costs
(Montel) Germany’s economy ministry sees more renewable energy as the way to curb high energy costs that…
Read moreItaly’s new capacity market auction may attract limited bids
(Montel) Italy’s new capacity market auction for power delivery in 2024 is expected to see limited participation despite…
Read moreCrude trades flat ahead of Opec+ meeting
(Montel) Crude oil was range-bound early on Tuesday ahead of a meeting of the Opec+ oil-producer group…
Read moreOpec+ agrees to boost supply by 0.4m bbl/day in Feb
(Montel) Opec and its Russia-led partners agreed on Tuesday to increase oil supply in February by 0.4m bbl/day,…
Read moreGerman power Cal 23 rises with higher gas, carbon
(Montel) The new German front-year power contract rose amid higher gas and carbon prices on Tuesday.…
Read moreCoal prices spike as Indonesian export ban impacts supply
(Montel) Pacific basin coal prices jumped more than 10% on Tuesday, with a ban on Indonesian thermal…
Read moreGas prices surge amid low Russian flows, cold weather
(Montel) European prompt gas contracts surged on Tuesday morning, as a sharp fall in Russian flows to European…
Read moreCarbon prices extend rally amid lack of supply
(Montel) European carbon prices extended a strong start to the new year on Tuesday to reach a…
Read moreFrance to boost use of coal plants to avert supply crunch
(Montel) France plans to boost the use of its coal-fired power plants this month and next in…
Read moreNordic power futures rebound on gas, CO2
(Montel) Nordic power futures rose on Tuesday after falling for three consecutive sessions on the back of stronger…
Read moreUK's green power share slips in 2021
(Montel) Renewable power sources accounted for nearly 30% of the UK’s power mix last year, down from…
Read moreEuropean gas supplies need Nord Stream 2 – Uniper
(Montel) Europe’s security of gas supply is at risk if the Nord Stream 2 pipeline does not…
Read moreCarbon rises amid thin volumes
(Montel) European carbon prices were climbing on Monday supported by the lack of auction supply and technical strength,…
Read moreFewer negative hours in Germany likely as demand recovers
(Montel) Germany is likely to see fewer negative power price hours in the coming years given a demand…
Read moreGerman clean power share falls in 2021
(Montel) The share of renewable energy in Germany’s power mix fell to less than 46% in 2021,…
Read moreDecember LNG imports hit nine-month high
(Montel) Seaborne LNG deliveries to key European destinations climbed to their highest level since April last month…
Read moreLabelling nuclear, gas as green investment is “greenwashing”
(Montel) A European Commission plan to label some gas and nuclear power as green for sustainable investments sends…
Read moreSpain’s annual power output rises 3% to 247 TWh
(Montel) Spain's mainland power generation rose 3.1% year on year to 246.9 TWh in 2021, according to…
Read moreGerman front-month power extends losses on mild weather
(Montel) Germany’s front-month power contract plummeted by EUR 50 on Monday amid forecasts of mild weather…
Read moreTTF front month firms after massive sell-off
<strong>(Montel) TTF gas prices for delivery next month rebounded on Monday following a sharp correction driven by…
Read moreNordic power futures plunge on mild, wet weather
(Montel) Nordic power futures slumped in early trading on Monday as weather forecasts indicated milder and wetter conditions…
Read moreRising wind output set to pressure Spanish power prices
(Montel) Spanish power prices were expected to face some pressure this week amid forecasts for rising wind…
Read moreOil prices edge higher ahead of Tuesday’s Opec+ meeting
(Montel) Oil prices edged higher in range-bound trading on Monday, a day before officials from Opec and its…
Read moreN European power prices turn negative on high wind
(Montel) Hourly power prices in Germany and several neighbouring countries dropped below zero on Monday amid a mixture…
Read moreTerna assigns 540 MW interruptible power contracts
(Montel) Italian TSO Terna has assigned 540 MW interruptible electricity contracts for the current year.…
Read moreGerman wind, solar capacity rises by 533 MW in November
(Montel) German wind and solar capacity grew by slightly less than 533 MW in November, data from…
Read moreGerman spot power to double as wind and solar output drop
(Montel) German day-ahead power prices looked set to more than double on Monday as forecasts showed renewable…
Read moreUK ETS authority to decide on intervention by 18 Jan
(Montel) The UK ETS authority will announce by 18 January whether to intervene in the country’s carbon market…
Read moreSpanish gas demand rises 5% in 2021 – TSO
(Montel) Spanish gas demand is set to finish the year at 378.5 TWh, a 5% increase from…
Read morePutin pledges more gas flows to Europe if NS2 approved
(Montel) Russian president Vladimir Putin has pledged increased gas deliveries to Europe if the 55bcm/year Nord Stream 2…
Read moreGerman spot power turns negative for 5 hours on Friday
(Montel) German-day ahead power prices will settle in negative territory for five hours on Friday amid strong wind…
Read moreNordic system price hits record high in December
(Montel) (Montel) The Nordic system price settled at EUR 147.18/MWh in December, the highest monthly average since the…
Read moreSpain plans to auction 500 MW of renewables in April
(Montel) Spain's energy ministry has launched a public consultation on a scheme for a 500 MW renewables…
Read moreAlcoa stops Spain unit, signs green PPAs from 2024
(Montel) Global aluminium giant Alcoa will stop all production at its Galicia factory in Western Spain for…
Read moreNine-day strike in Finnish tech industry could hit power use
(Montel) Finland’s technology industries, a sector including steelmakers and manufacturers consuming 14 TWh annually, could face a 9-day…
Read moreGas drops amid mild weather
(Montel) European gas prices plunged on Thursday amid forecasts for mild weather in January and the prospect…
Read moreGas front months fall to 3-week low
(Montel) European gas front month contracts extended losses on Thursday to their lowest in three weeks, as forecasts…
Read moreNuclear outages raise risk of Jan power supply crunch – RTE
(Montel) France faces an increased risk of a power supply shortfall in January due to “historically low”…
Read moreCrude prices flat as lower stocks offset pandemic concerns
(Montel) Crude oil was flat early on Thursday, as declining US stockpiles counterbalanced worries about potential demand destruction…
Read moreNordic front power drops on wetter, windier weather
(Montel) Nordic power futures fell for the sixth day in a row on Thursday, depressed by wetter…
Read moreGerman spot power to near 5-month low on more wind
(Montel) German day-ahead power looked set to sink around 73% on Thursday to the lowest level since early…
Read moreGazprom completes loading of second string of Nord Stream 2
(Montel) Russia’s Gazprom has finished filling the second string of the 55bcm/year Nord Stream 2 gas pipeline, operator…
Read moreCO2 extends gains amid lack of auction supply
(Montel) European carbon prices continued to extend gains on Wednesday amid a lack of supply from daily…
Read moreRussia expects NS2 certification in H1 – Novak
(Montel) Germany should certify the Nord Stream 2 gas pipeline in the first half of 2022, Russian…
Read moreGas prices extend losses on mild weather
(Montel) European gas prices extended losses and slid nearly EUR 10 early on Wednesday on mild weather…
Read moreNordic January power hits 2-week low on wetter outlook
(Montel) The Nordic January power contract hit a two-week low of EUR 130/MWh on Wednesday amid a wetter…
Read moreItaly industry may not restart in January amid energy crisis
(Montel) Italy’s energy-intensive industries may not resume operations after the Christmas break as skyrocketing energy prices have eroded…
Read moreGerman spot power to rise 56% on lower wind output
(Montel) German day-ahead power prices looked set to gain around EUR 59 on Tuesday, as forecasts showed a…
Read moreGerman spot power set for 45% drop on higher wind
(Montel) German day-ahead power prices looked set to shed around EUR 70 on Wednesday amid forecasts of a…
Read moreNordic front power drops with German prices, gas
(Montel) Nordic power contracts fell on Tuesday along with weaker German power and a softer gas market.…
Read moreRWE, Audi test used car batteries for storage
(Montel) RWE is testing used electric car batteries for storage to help stabilise the power grid in…
Read moreSpain to auction 1.2 GW of CHP capacity from next year
(Montel) Spain plans to auction 1.2 GW of natural gas- and biomass-fired combined heat and power (CHP) capacity…
Read moreJanuary gas extends fall on mild outlook
(Montel) TTF front month gas dropped further on Tuesday as forecasts reconfirmed a milder and windy outlook for…
Read moreCarbon rises 3% amid thin volumes
(Montel) European carbon prices rose 3% on Tuesday in a very illiquid market due to the holiday season.…
Read moreNo German Xmas negative prices for first time since 2010
(Montel) Germany has had its first Christmas since 2010 without negative wholesale power prices, with the lowest hourly…
Read moreNordic power falls EUR 18 with Germany on low volumes
Nordic power futures fell on Monday, with the front month diving almost EUR 20, following significant dives…
Read moreFront-month gas dives EUR 20 on mild outlook
(Montel) The benchmark front-month gas contract on the Dutch TTF hub dived EUR 20 to its lowest…
Read moreGerman forward power prices tumble EUR 60
(Montel) German curve power prices tumbled EUR 60 on Monday morning amid forecasts showing mild, windy weather.…
Read moreGazprom plans no gas auctions to Europe this week
(Montel) Gazprom plans no sales of gas to European customers via its electronic sales platform this week, the…
Read moreAlgeria offers more gas to Europe amid supply crunch
(Montel) Algeria is to make available more gas to Europe via the Trans-Mediterranean pipeline to Italy to cope…
Read moreGerman spot power set to fall EUR 40 on more wind
(Montel) German day-ahead power prices looked set to fall EUR 40 on Monday amid a rise in…
Read moreOil prices slip amid demand concerns
(Montel) Oil prices edged down in early trading on Monday amid concerns over demand as US companies…
Read morePoland calls for EU ETS limits for financial institutions
(Montel) Poland has called on the European Commission to curb the trading activity of financial institutions in the…
Read moreHalt to Yamal gas flows due to lack of orders – Putin
(Montel) Gazprom stopped supplying gas to Germany via the 38bcm/year Yamal gas pipeline this week because European companies…
Read moreAt least 2.5bcm of LNG earmarked for Europe by New Year
(Montel) At least 2.5bcm of LNG is en route for arrival at European and west Mediterranean LNG…
Read morePlunging gas prices pressure energy complex
(Montel) European gas prices remained in freefall on Thursday, in turn dragging down related coal and carbon…
Read moreUkraine increases firm gas import capacity by 8mcm/day
(Montel) Ukraine will increase its overall firm gas import capacity by a third, to 35mcm/day, by adding 8mcm/day…
Read moreNordic GOs rise amid lower reservoir levels
(Montel) Guarantees of origin (GO) prices from Nordic hydropower have risen slightly over the past week, partly in…
Read moreAxpo appoints new head of gas trading
(Montel) Swiss utility Axpo has appointed Sandro Giannotti as the company’s new head of gas trading, it…
Read moreEDF extends Gravelines 4 (0.9 GW) outage to 9 January
(Montel) EDF has extended an outage at its 910 MW Gravelines 4 nuclear reactor in northern France…
Read moreEnefit to build 72 MW wind farm in Finland
(Montel) Enefit Green, the renewables subsidiary of Estonian utility Eesti Energia, has made a final investment decision to…
Read moreRussia coal production hits 14-month high, exports struggle
(Montel) Russian coal production grew more than 8% in November to a 14-month high, official data showed…
Read moreNordic Q1 power drops EUR 6 on milder weather
(Montel) The Nordic front-quarter contact softened on Thursday amid rising temperatures and wetter weather, which could offer…
Read moreRussian gas flows slide 8.5% on 3 main pipelines
(Montel) Russian gas exports to northwestern Europe along three main conduits were seen on Thursday approximately 8.5%…
Read moreGas prices retreat but Gazprom "pressures market"
(Montel) European gas prices dropped sharply in early Wednesday trading amid profit-taking from record highs achieved yesterday…
Read moreGerman spot power to fall 32% with more wind, lower demand
(Montel) German day-ahead power prices looked set for a EUR 98 drop on Thursday, as forecasts showed higher…
Read moreOil prices flat as US stock drop offsets virus concerns
(Montel) Oil prices were largely flat in early Thursday trading as a drop in US crude stocks…
Read moreFrench February power remains at EUR 1,000 amid “panic”
(Montel) The French February power contract remained at an eye-watering EUR 1,000/MWh for the second consecutive day…
Read moreUkraine’s Naftogaz urges EU action over Russia supply dearth
(Montel) Ukrainian utility Naftogaz has urged the European Commission to force Russia’s Gazprom to release more gas, to…
Read moreGerman front-year power soars near EUR 20 to new high
(Montel) German front-year power soared near EUR 20 to hit a fresh record high on Wednesday, despite retreating…
Read moreUniper agrees low-carbon gas supply deal with Novatek
(Montel) German utility Uniper has signed a long-term supply deal for low-carbon ammonia, a derivative of hydrogen, from…
Read moreEurope’s LNG imports set to surge on high prices
(Montel) European and west Mediterranean LNG imports could more than double over the coming week, versus the…
Read moreNordic power futures slip EUR 7 from highs on milder outlook
(Montel) Nordic power futures fell up to more than EUR 7 from record highs set in the previous…
Read moreDutch announce emissions limits on coal plants from 1 Jan
(Montel) The Netherlands will enforce carbon emissions limits on coal-fired plants from 1 January to help meet…
Read moreCarbon slides EUR 4 on lockdown fears
(Montel) European carbon prices have fallen close to 6%, or EUR 4, on Wednesday as concerns over potential…
Read moreOil prices steady amid Omicron uncertainty
(Montel) Oil prices were little changed on Wednesday amid lingering uncertainty regarding the spread – and potential…
Read moreGerman spot power set to dive more than EUR 130 on wind
(Montel) German day-ahead power prices looked set to fall more than EUR 130 on Wednesday as wind…
Read moreGermany opens 1.2 GW tender for coal closures in 2024
(Montel) Germany’s BNA network regulator has launched its fifth hard coal exit tender for bids to close 1.223…
Read moreRecord gas prices catapult EU power markets to new highs
(Montel) Power prices across Europe soared to record highs on Tuesday, in tandem with skyrocketing gas prices,…
Read moreFrench power imports hit maximum amid nuclear supply woes
(Montel) France’s electricity imports from its neighbours hit their maximum level on Tuesday largely due to record low…
Read moreGerman power skyrockets to new peak in "crazy" market
(Montel) German front-year power skyrocketed EUR 25 to an unprecedented EUR 281/MWh on Tuesday in what one participant…
Read moreEC allows carbon CFDs in EU state-aid rules
(Montel) National governments will be able to use carbon contracts for difference (CFDs) linked to the EU carbon…
Read moreGas prices surge to record highs as Russia cuts flows
(Montel) European gas prices surged by around 10% to record highs on Tuesday, as Russian supply diminished…
Read moreGerman energy sector emissions rise 12% in 2021 – lobby
(Montel) Germany’s energy sector emissions will rise 11.8% on the year to 247m tonnes in 2021 due to…
Read moreNordic January power spirals to EUR 186 record high
(Montel) The Nordic January power contract surged near EUR 16 to a fresh high of EUR 186/MWh on…
Read moreCarbon extends rally on gas, auction break
(Montel) European carbon prices are extending the previous session’s gains on Tuesday underpinned by jumping gas prices and…
Read moreRussian gas flows via Mallnow drop to zero, prices spike
(Montel) Russian gas flows via the Mallnow connection on the German-Polish border came to a halt this…
Read moreEU faces “difficult” debate over ETS reforms – Slovenia
(Montel) France can expect “difficult negotiations” to agree carbon market reforms when it takes over the rotating EU…
Read moreOil prices edge up as Omicron fears “overdone”
(Montel) Oil prices were edging up on Tuesday, after hitting a two-week low in the prior session, as…
Read moreNorway may see “power rationing” amid dry outlook – analyst
(Montel) Norway may have to start “rationing consumption” to avoid hydropower reservoirs from running dry before the snowmelt…
Read more"Fear" is boosting Spanish power futures – experts
(Montel) Spanish power prices in 2022 are likely to out-turn well below current forward price levels, with contracts…
Read moreEC approves German hydrogen support scheme
(Montel) The European Commission has approved Germany’s EUR 900m scheme to support investment in the production of renewable…
Read moreBull run for Nordic power to continue next year – analysts
(Montel) Nordic spot power prices will likely hit fresh record highs next year and average above EUR 64/MWh,…
Read moreNordic front power rises EUR 3 on strong spot, drier outlook
(Montel) Nordic power forwards climbed on Monday amid very high spot prices and drier weather forecasts.…
Read moreOil slides as Omicron spread dampens demand outlook
(Montel) Oil prices were slid more than USD 2 on Monday as the rapid spread of the Omicron…
Read moreBelgium still considering nuclear extensions – report
(Montel) Belgium is still considering extending the lifetime of two nuclear reactors, though it was not the…
Read moreFrench minister urges EDF to optimise supply this winter
(Montel) French energy minister Barbara Pompili has urged EDF CEO Jean-Bernard Levy to optimise power supply in the…
Read moreNord Stream 2 is a “geopolitical mistake” – German minister
(Montel) The Nord Stream 2 gas pipeline was a “mistake” from a “geopolitical point of view” but could…
Read moreCarbon plummets 13% as fuel prices slide
(Montel) European carbon prices fell as much as 13% on Friday as participants liquidated their positions ahead of…
Read moreFrance to rely on “pricey” imports amid cold, outages
(Montel) France will rely on expensive power imports to meet demand next week due to unplanned reactor outages…
Read moreCoal generation to hit all-time high in 2021 – IEA
(Montel) Global power generation from coal is expected to jump 9% this year to an all-time high,…
Read moreCrude prices fall on Omicron concerns
(Montel) Crude oil was lower early on Friday on pessimism about the impact on demand of the soaring…
Read moreFrench industrials call for cap on soaring prices
(Montel) French industrial power users have urged authorities to cap power prices – which reached a record…
Read moreGas, nuclear green status debate a “tiny” issue – Scholz
(Montel) Whether natural gas and nuclear should be considered “green” investments is a “tiny” issue in the wider…
Read moreGas prices dive EUR 3 on CO2 slump, milder outlook
(Montel) European front-month gas prices fell up to EUR 3 on Friday amid a 12% slump on the…
Read moreDutch nuclear operator readies for new-build plans
(Montel) EPZ, the operator of the Netherlands’ sole nuclear power plant, said it was ready to play a…
Read moreEU leaders pledge to monitor carbon, power prices
(Montel) EU leaders plan to keep a close eye on soaring carbon and power prices and will discuss…
Read moreNordic power futures retreat from records on profit-taking
(Montel) Nordic power futures fell from record highs set in the previous session on Friday, as profit-taking and…
Read moreCO2 market set to remain range-bound to year end
(Montel) Carbon prices will likely remain range-bound at EUR 75-91/t until the end of the year, as…
Read moreRussian freeze to compound Europe energy crisis – forecaster
(Montel) A severe cold snap in Russia may compound an energy supply crunch in Europe, while the latter…
Read moreSpeculators are key to EU ETS – experts
(Montel) Financial speculators and non-compliance entities in the EU ETS are important players and therefore any intervention to…
Read moreNorway to distribute EUR 98m to hydrogen projects
(Montel) Norway’s government plans to distribute NOK 1bn (EUR 98m) to support three hydrogen projects, it said on…
Read moreGerman spot power to climb next week on low wind, cold
(Montel) German spot power prices on Friday looked set to climb next week to a record average…
Read moreDenmark aims for 4-6 GW electrolyser demand by 2030
(Montel) The Danish government intends to spend DKK 1.25bn (EUR 16.8bn) on developing hydrogen and related electricity conversion…
Read moreTackling energy price impacts a priority for EU leaders
(Montel) Tackling energy price impacts on citizens and businesses is one of the EU’s key policy priorities for…
Read moreGerman regulator unlikely to decide on NS2 in H1 2022
(Montel) Germany’s BNA network regulator is unlikely to decide on the certification of the contested Nord Stream 2…
Read moreUK ETS hits new high of GBP 77.20/t
(Montel) The UK’s carbon price rose by almost GBP 3 to surpass a previous high in September on…
Read moreClean hydrogen definition key to boosting market – experts
(Montel) Clearly defining and certifying low-carbon hydrogen will be key to ramping up trading volumes, and the European…
Read moreNord Stream 2 is not a political bargaining chip – Scholz
(Montel) The Nord Stream 2 gas pipeline should not serve as a bargaining chip to ease tensions between…
Read moreFrench January power surges to EUR 550 on reactor shutdowns
(Montel) France’s January power contract surged by 40% to a fresh record high of EUR 550/MWh on Thursday…
Read moreFrench reactor shutdowns due to cracks – watchdog
(Montel) EDF’s decision announced earlier to shut down two French reactors was due to the discovery of cracks…
Read moreCarbon gains in bullish market
(Montel) European carbon prices rose on Thursday, as French nuclear outages should drive fossil-fuel generation during the winter.…
Read moreGerman power prices hit "catastrophic" highs on French fears
(Montel) German front-year power surged to a new high of EUR 230/MWh on Thursday – which one trader…
Read moreSpain spot power soars to new high above EUR 309 on gas
(Montel) Day-ahead prices for Spanish baseload power settled at a new high above EUR 309/MWh on Thursday…
Read moreJan gas contracts retreat from 2-month highs
(Montel) Front-month gas prices pulled back from two-month highs on Thursday following an early surge driven by…
Read moreSupply fears push Newcastle coal index to 7-week high
(Montel) Pacific-basin benchmark coal prices have risen 14% this week to a seven-week high amid some concerns…
Read moreEuropean PPAs signed in 2021 jump 69% to 6.1 GW – RE-Source
(Montel) The amount of European corporate power purchase agreements (PPAs) signed this year surged 69% from a year…
Read moreUK hourly power price revisits GBP 1,500 on wind dearth
(Montel) UK hourly power prices for Friday revisited the previous session’s peak of GBP 1,500/MWh on forecasts…
Read moreEDF shuts two Chooz units (3 GW) to inspect piping
(Montel) EDF will shut down its two Chooz nuclear reactors (3 GW) in France for preventative inspection of…
Read moreOlkiluoto 3 (1.6 GW) gets permission to start testing
(Montel) Finnish nuclear watchdog Stuk said on Thursday it has approved an application by the operator of…
Read moreNordic power hits fresh record highs on colder forecasts
(Montel) Nordic power contracts were hitting fresh highs on Thursday amid colder weather forecasts than previously expected and…
Read moreEnea to add 3.5 GW renewables, seeks carbon neutrality
(Montel) Polish power utility Enea aims to add 3.5 GW in renewable energy capacity by 2040 in a…
Read morePoland's prime minister slams EU carbon trading scheme
(Montel) Polish prime minister Mateusz Morawiecki slammed the “irrational logic” behind the EU ETS, calling it susceptible to…
Read moreGerman spot power to extend record high as wind output drops
(Montel) German day-ahead power looked set to extend a record on Thursday over EUR 350/MWh as forecasts suggested…
Read moreEquinor, Engie launch blue hydrogen plans in Belgium
(Montel) Norwegian energy company Equinor and French utility Engie plan to develop hydrogen from cleaned natural gas in…
Read moreOil prices rise after big drop in US crude inventories
(Montel) Oil prices traded around 1% firmer early on Thursday following a larger-than-expected decline in the nation’s crude…
Read moreItaly to spend another EUR 3.8bn to curb higher energy bills
(Montel) The Italian government is planning to spend at least an additional EUR 3.8bn next year to mitigate…
Read moreDutch government promises nuclear plant’s lifetime extension
(Montel) The incoming Dutch government has promised to extend the operational lifetime of the country’s only nuclear plant…
Read moreEC wants to ban long-term gas contracts after 2049
(Montel) All long-term contracts for natural gas with unabated CO2 emissions would have to expire by the end…
Read moreEC sets out draft low-carbon hydrogen certification rules
(Montel) Only hydrogen produced with emission savings of at least 70% compared with its unabated fossil fuel-sourced equivalent…
Read moreCO2 to average EUR 75 in 2022 on weaker gas – bank
(Montel) European carbon prices should average EUR 75/t next year, compared with a current price of around EUR…
Read moreSwedish TSO to boost Norway, Denmark capacity up to 1 GW
(Montel) Swedish TSO Svenska Kraftnat has announced a measure for calculating cross-border flows that can boost available capacity…
Read moreTAP gas flows to Europe have risen 40% since September
(Montel) Gas flows to Europe via the Trans Adriatic Pipeline (TAP) have jumped 40% since mid-September to reach…
Read moreCarbon gains ahead of options expiry
(Montel) European carbon prices rose on Wednesday, reversing the previous day’s losses amid volatility ahead of the day’s…
Read moreEC wants platforms to resell LNG, storage capacity
(Montel) European LNG and natural gas storage operators would have to set up transparent and non-discriminatory booking platforms…
Read moreGerman power Cal 22 continues slide on softer gas
(Montel) Germany’s benchmark front-year power contract shed EUR 6 on Wednesday amid falling gas prices and less…
Read moreSpanish spot power hits record high above EUR 300/MWh
(Montel) Spanish day-ahead power prices reached a new high above EUR 300/MWh on Wednesday amid a buoyant gas…
Read moreBullish gas sees biomass prices soar 65% to multi-year highs
(Montel) The price of wood pellets for use in European power generation has risen around 65% since…
Read moreGermany must speed up transition as green share falls – BDEW
(Montel) Germany must complete its renewables transition “as quickly as possible”, as the country saw its share of…
Read moreEC proposes voluntary joint gas buying for crises
(Montel) EU countries would be able to pool their resources to negotiate buying gas for emergency storage if…
Read morePandemic delays coal to gas conversion at Uniper plant
(Montel) German utility Uniper has postponed plans to close its 345 MW hard coal-fired power unit Scholven B…
Read moreVolatility in gas market far from over – Ofgem
(Montel) UK regulator Ofgem has warned that the country’s retail energy market faces continued headwinds from volatile gas…
Read moreCarbon slides 5% amid profit-taking, technical selling
(Montel) European carbon slid around 5% on Tuesday as speculators cashed in some of their gains ahead of…
Read moreLatest Portuguese GO auction sees prices drop
(Montel) Prices for Portuguese guarantees of origin (GOs) for renewable power traded down by up to EUR 0.28/MWh…
Read moreUK watchdog seeks tougher measures to tackle energy crisis
(Montel) The chief of the UK’s independent energy regulator has called for speedier and tougher action to tackle…
Read moreUK hourly power price surges to GBP 1,500
(Montel) UK hourly power prices for Thursday surged to over GBP 1,500/MWh and the daily average reached a…
Read moreSpain’s BNZ to build a 45 MW solar PV plant in Italy
(Montel) Spanish independent power producer BNZ will build its first solar photovoltaic plant in Italy with an installed…
Read moreNordic Jan power soars EUR 11 to new high on cold, low wind
(Montel) The Nordic front-month and front-quarter power contracts continued to surge to new highs for a third…
Read moreGermany approves closure of 0.5 GW coal plants
(Montel) Germany’s BNA network regulator has approved the closure of 0.5 GW of coal-fired capacity by 22 May…
Read moreNorway’s gas exports rise 7% in November
(Montel) Norwegian gas exports rose 6.7% year on year in November to 10.2bcm, contributing to record revenues for…
Read moreGerman spot power set for record near EUR 350 as wind halves
(Montel) German day-ahead power prices looked set to touch a new record near EUR 350/MWh amid bullish…
Read moreSpain approves roadmap for 1-3 GW offshore wind by 2030
(Montel) The Spanish government has approved a previously announced policy to develop 1-3 GW of floating offshore…
Read moreSpain to decide on tax cuts extension “soon” – minister
(Montel) The Spanish government will “soon, shortly” take a decision on energy levies as it mulls extending some…
Read moreEC to set out 2050 net-zero gas rules on Wednesday
(Montel) The EU’s natural gas sector will face new pressures to help the bloc achieve net-zero emissions by…
Read moreUK will not intervene in CO2 market after cost curb set off
(Montel) The UK ETS authority will not intervene in the UK Allowances (UKA) market after triggering the…
Read moreCovid surge may slow oil demand recovery – IEA
(Montel) A surge in new Covid-19 cases – including the Omicron variant – could slow the recovery in…
Read moreGerman PPA market lags behind neighbours – Microsoft
(Montel) Securing renewable supply with power purchase agreements (PPAs) was less competitive in Germany compared to the rest…
Read moreGerman renewables expansion needs subsidies to 2040 – lobby
(Montel) Germany’s plans to expand the country’s renewables capacity will require the government to keep its subsidy scheme…
Read moreWorkers end UK oil and gas field strike – union
(Montel) Workers at French energy firm TotalEnergies’ UK oil and gas facilities have ended just over a…
Read moreFalck plans new 675 MW floating offshore wind plant in Italy
(Montel) Italy’s Falck Renewables and Spain’s BlueFloat Energy are planning to jointly develop a 675 MW floating offshore…
Read moreDenmark to support CCS projects with EUR 2.2bn
(Montel) A Danish parliament majority agreed to provide DKK 16bn (EUR 2.2bn) for carbon capture and storage (CCS)…
Read moreFrance must improve nuclear power availability – minister
(Montel) France must improve the availability of its nuclear power supply to achieve carbon neutrality in 2050, industry…
Read moreCO2 drops EUR 4 on profit-taking, gas climbs
(Montel) European carbon prices fell by 5% on Tuesday on profit-taking while gas hit a 10-week high on…
Read moreGerman front-year power falls from record high on weaker CO2
(Montel) The German front-year power contract started a downward correction on Tuesday in line with CO2 after…
Read moreOil edges up but Omicron concerns dent gains
(Montel) Oil was edging up on Tuesday amid a positive demand outlook from Opec for next year, though…
Read moreSpain approves EUR 6.9bn spending plan for renewables
(Montel) Spain’s government on Tuesday approved a plan to allocate EUR 6.9bn in the next two years for…
Read moreVattenfall plans to start 0.3 GW Danish wind farms in 2023
(Montel) Swedish utility Vattenfall has made a final investment decision for two Danish offshore wind farms totalling 344…
Read moreNo threat to UK winter gas supply – government
(Montel) Diversity of supply will ensure the UK faces no gas shortages this winter despite spiralling global prices,…
Read moreSpanish spot power sets fresh high above EUR 291
(Montel) Day-ahead power prices in Spain hit a fresh high above EUR 291/MWh on Tuesday amid higher…
Read moreStrike could cut Finnish power demand by 345 MW
(Montel) The Finnish Paperworkers’ union issued a strike warning on Tuesday against forestry firm UPM, with the latter…
Read moreFrance mulls increasing Arenh volume by 50 TWh – source
(Montel) France is considering increasing the volume of nuclear power available on the regulated Arenh rate by 50…
Read moreEDF postpones 3 reactor outages to avert supply crunch
(Montel) EDF will delay outages at three nuclear reactors in France – Flamanville 1, 2 (1,300 MW each)…
Read moreTSOs delay planned launch of countertrade on Nordlink cable
(Montel) Countertrade on the 1.4 GW Nordlink cable between Norway and Germany will not be introduced from the…
Read moreItaly to sell 5.12m GOs in December auction
(Montel) Italian state-owned energy services company GSE plans to sell around 5.12m guarantees of origin (GO) for January-October…
Read moreGas prices jump to 10-week highs
(Montel) Gas prices jumped to fresh 10-week highs on Tuesday, driven by the prospect of colder weather…
Read moreNordic Q1 power jumps EUR 13 to fresh high on cold outlook
(Montel) The Nordic Q1 power contract jumped EUR 12.90 to hit a fresh contract high of EUR 123/MWh…
Read moreRWE, Enerparc sign 10-year German solar PPA (57 MW)
(Montel) German utility RWE has signed a solar power purchase agreement (PPA) with Hamburg-based solar developer Enerparc to…
Read moreGas drives energy complex higher
(Montel) European gas prices surged to a nine-week high, pulling the rest of the energy markets higher…
Read moreGerman 1.1 GW unit runs "irregularly" due to coal shortage
(Montel) Germany’s largest and newest hard coal-fired unit Datteln 4 (1.1 GW) was currently running “irregularly” due to…
Read moreGerman spot power eyes 5% drop as wind and solar output rise
(Montel) German day-ahead power prices looked set to shed around EUR 16 on Tuesday, as forecasts predicted a…
Read moreGerman front-year power hits record above EUR 200 on cold
(Montel) German front-year power leapt to a new record above EUR 200/MWh on Monday, pulled up by a…
Read moreFrench spot power hits new high, driven by gas prices
(Montel) French day-ahead power prices hit an historical high on Monday and could climb further over the week,…
Read moreGazprom plans no gas auctions to Europe this week
(Montel) Gazprom plans no sales of gas to European customers via its auction platform (ESP) this week, the…
Read moreScotland approves final tranche of 1.1 GW wind farm project
(Montel) The Scottish government has approved the final tranche of what will become the country’s largest offshore wind…
Read moreSpain Cal 22 power tops EUR 200/MWh on gas rally
(Montel) The Spanish Cal 22 power contract hit a record high above EUR 200/MWh on Monday as spot…
Read morePrompt gas hits 2-month high on cold, supply concerns
(Montel) European gas front-month contracts rose to two-month highs on Monday, as cold weather forecasts exacerbated concerns about…
Read moreOmicron impact on global oil demand “short-lived” – Opec
(Montel) The impact of the new Omicron variant on global oil demand “is expected to be mild and…
Read moreEurope’s coal imports to near 3-year high in December
(Montel) Northwest European imports of thermal coal could rise 8% on the year this month to a…
Read moreNordic power front hits new highs on cold outlook, Germany
(Montel) Nordic power futures soared on Monday morning, with January, Q1 and Cal 22 hitting fresh highs on…
Read moreNaturgy buys 373 MW Spanish solar projects from Ence
(Montel) Naturgy has bought five solar projects in Spain totalling 373 MW from Ence Energia for EUR 62m.…
Read moreFinland wind developer Ilmatar to expand into solar (40 MW)
(Montel) Finnish wind developer Ilmatar will expand into solar power by building two farms (total 40 MW) in…
Read moreStatkraft, Foresight sign 10-year Spanish solar PPA
(Montel) Statkraft has signed a 10-year Spanish solar power purchase agreement (PPA) with UK investment fund Foresight Solar,…
Read moreGerman spot power set to surge to EUR 300, eyes new record
(Montel) German day-ahead power prices looked set to jump more than EUR 30 on Monday and could soar…
Read moreOil rises as fears recede over economic fallout of virus
(Montel) Oil prices were rising on Monday as fears were somewhat receding about the economic fallout from the…
Read moreRising gas prices lift coal, CO2
(Montel) A rise in European gas prices on Friday gave support to coal and carbon, market participants said. …
Read moreSpain-France 2022 capacity auction clears at record high
(Montel) An annual auction for 600 MW of power capacity from Spain to France for 2022 cleared at…
Read morePrice strength entices German post-subsidy wind farms
(Montel) Around 3 GW of German wind power capacity exiting the country’s EEG renewable subsidy scheme from next…
Read moreCrude prices fall on Omicron concerns
(Montel) Crude oil was lower early on Friday on pessimism about the threat to demand posed by the…
Read moreGrowing LNG volumes may replace coal by 2040 – Poten
(Montel) Global LNG demand could rise by more than 60% to 580m tonnes/year (789bcm) by 2040, with…
Read moreNorway’s wide power price divergence to extend 5 years – TSO
(Montel) Power prices in Norway will likely continue to diverge widely in the next five years due to…
Read moreCO2 market volatility to persist ahead of options expiry
(Montel) European carbon prices are expected to remain volatile ahead of key options expiry next week, while some…
Read moreGermany to see cold weather return from late December
(Montel) Germany was set to return to cold weather following a mild spell next week, forecasters said…
Read moreItaly’s ERG buys 92 MW solar projects in Spain
(Montel) Italian renewables firm ERG has bought two solar plants in Spain with a combined capacity of 91.6…
Read moreFinnish utility plans storing carbon in Norway
(Montel) Finnish utility Helen and Norwegian energy company Horisont Energi said on Friday they intend to cooperate in…
Read moreENBW, Frankfurt Airport sign 85 MW wind PPA
(Montel) ENBW has signed a long-term power purchase agreement (PPA) with Frankfurt Airport to supply 85 MW from…
Read moreTTF gas front month gains on colder forecasts
(Montel) The TTF front-month gas contract traded higher on Friday amid support from forecasts predicting a cold…
Read moreNordic January power drops EUR 4 on milder, wetter weather
(Montel) The Nordic front week and January power contracts softened on Friday amid rising temperatures and wetter…
Read morePolish MPs vote to suspend EU ETS
(Montel) Polish MPs voted on Thursday in favour of a resolution urging the suspension of the EU ETS…
Read moreGas to “almost certainly” remain tight this winter – Eurasia
(Montel) The existing gas market tightness in Europe will “almost certainly” last throughout the current winter, with…
Read moreEU approves hydropower, bioenergy green finance criteria
(Montel) The EU has approved the first list of criteria to determine which economic activities are sustainable, including…
Read moreGerman power front year dives amid carbon losses
(Montel) German front-year power reversed course from a morning record high to lose over EUR 20 on…
Read moreCO2 sheds 8% on profit-taking
(Montel) European carbon prices dived up to 8% on Thursday, having hit a new record high in the…
Read moreTight hydropower supply underpins GO contracts
(Montel) European hydropower guarantees of origin prices were broadly stable the week to Thursday, underpinned by supply tightness…
Read moreRen-Gas seeks 1.8 GW Finnish wind for electrolysers by 2030
(Montel) Renewable gas start-up Ren-Gas needs around 1.8 GW of wind power production for electrolysers to fulfil its…
Read moreAlpiq revises down H1 earnings due to “accounting mismatch”
(Montel) Swiss utility Alpiq on Thursday revised down its H1 trading earnings from CHF 41m to CHF…
Read moreStatkraft signs 3-year wind PPA with German cement maker
(Montel) Statkraft has signed a three-year power purchase agreement (PPA) with German cement manufacturer Opterra to deliver…
Read moreEPR start-up depends on Taishan probe – French regulator
(Montel) France's ASN nuclear safety authority must see the results of an investigation into faulty fuel-rod cladding at…
Read moreGas prices slide near EUR 5 amid energy sell-off
(Montel) Gas prices slid nearly EUR 5 on Thursday amid a European-wide sell-off of energy commodities, while increased…
Read moreAxpo trading results jump 43% but accounting rules cap gains
(Montel) Swiss utility Axpo’s trading and sales earnings climbed to CHF 531m (EUR 509m) in fiscal year 2020-21…
Read moreNordic power futures retreat with German power, carbon
(Montel) Nordic power futures fell on Thursday along with German power prices and carbon and amid milder forecasts. …
Read moreGerman Cal 22 tops EUR 184/MWh on record carbon
(Montel) Germany’s benchmark power contract for next year hit a fresh record high above EUR 184/MWh early on…
Read moreEuropean gas shortages to drive prices into 2022 – bank
(Montel) Supply shortages, strong economic growth and “unexpected weather events” will likely continue to support European gas…
Read moreGerman spot power set to fall as wind and solar output rise
(Montel) German day-ahead power looked set to fall on Thursday as forecasts pointed to an increase in…
Read moreOil prices extend 1-week highs as Omicron concerns ease
(Montel) Oil prices extended more than one-week highs early on Thursday amid hopes that the Omicron coronavirus variant’s…
Read moreFinland to start offshore wind auctions by 2024
(Montel) The Finnish government plans to start auctioning state-owned sea areas to offshore wind developers during 2023-2024,…
Read morePotential early start-up of Olkiluoto 3 uncertain – operator
(Montel) Finnish nuclear operator TVO said on Wednesday it did not know if its 1.6 GW Olkiluoto 3…
Read moreFledgling Finnish green H2 project receives EUR 20m funding
(Montel) Finnish green hydrogen developer P2X Solutions has attracted EUR 20m from investors, bringing plans for the country’s…
Read moreNorway must attract imports to tackle low hydro levels – EQ
(Montel) Southern Norway hydropower producers must raise prices to attract imports from the rest of Europe and avoid…
Read moreFrance faces “power supply constraints” amid outages – TSO
(Montel) France is facing “significant constraints” on power supply amid extended maintenance outages at reactors in the country’s…
Read moreFrench power Cal 22 hits contract high on low nuclear supply
(Montel) France’s front-year power contract hit a fresh record high above EUR 200/MWh on Wednesday amid expectations…
Read moreCarbon tops EUR 90, gas holds above EUR 100
(Montel) European carbon prices extended a month-long rally on Wednesday afternoon to breach a record EUR 90/t,…
Read moreTSOs, exchanges propose measure to tackle power decoupling
(Montel) European TSOs and power exchanges have proposed removing local second auctions in the central west Europe…
Read moreLead MEP backs keeping carbon reserve intake at 24%
(Montel) The EU should keep the 24% intake rate of EU carbon allowances into a reserve until 2030…
Read moreCO2 spirals towards EUR 90/t as another record falls
(Montel) European carbon prices reached a record high above EUR 89/t on Wednesday morning as market participants…
Read moreSweden, Finland undecided on transmission rights
(Montel) Swedish and Finnish energy regulators are still in talks on the potential introduction of transmission rights between…
Read moreNordic front-year power hits decade high on Germany, CO2
(Montel) Nordic power futures jumped on Wednesday – with the front year hitting an 11-year high –…
Read moreGas prices spike to multi-week highs on outage
(Montel) Gas prices rose sharply to multi-week highs on Wednesday, spurred by news of a Norwegian gas-field…
Read moreOil prices retreat from Tuesday’s 3% gains
(Montel) Oil prices traded a shade down early on Wednesday, pulling back from their gains of more than…
Read moreGerman power front year marks 2-month high on new CO2 record
(Montel) The German front-year power contract soared EUR 10 to hit a fresh two-month high on Tuesday…
Read moreBerlin to “discuss” NS2 as Russia-Ukraine tensions rise
(Montel) Berlin was monitoring escalating tensions between Russia and Ukraine closely, incoming ministers told a press conference…
Read morePan-European GO marketplace prompts mixed reaction
(Montel) Epex Spot’s plan to launch a pan-European market for guarantees of origin (GOs) has prompted mixed reactions…
Read moreWind power plunge supports German spot rebound
(Montel) German day-ahead power prices looked set to rebound on Wednesday as forecasts pointed to a sharp…
Read moreFrench power supplier Hydroption goes bankrupt
(Montel) French power supplier Hydroption has become the country's first independent supplier to go bankrupt, amid spiralling energy…
Read moreUS uses NS2 as leverage amid rising Russia-Ukraine tensions
(Montel) The US would demand a halt in the Nord Stream 2 pipeline if Russia were to invade…
Read moreCarbon keeps hitting new highs amid tight gas
(Montel) European carbon prices surged by over EUR 3 to a fresh record near EUR 85/t on Tuesday,…
Read moreOil rises on strong demand signals, waning Omicron concerns
(Montel) Oil prices were rising on Tuesday amid signs of strong demand, while concerns over the Omicron coronavirus…
Read moreNew German government won’t hinder Nord Stream 2 – expert
(Montel) Germany’s new administration may sympathise with critics of Nord Stream 2 more than its predecessor, but…
Read moreTurkish coal imports drop 32% on price spike
(Montel) Turkish thermal coal imports declined 32% in October to a five-month low, official data showed, as…
Read moreSpanish spot to fall on record wind power
(Montel) Spanish day-ahead power prices looked set to plummet on Tuesday as forecasts suggested wind generation would…
Read moreGas prices gain on cold, carbon, Russian uncertainty
(Montel) European gas prices gained over 6% on Tuesday amid cooler weather forecasts, record carbon prices, and continued…
Read moreBelgian power supplier goes bankrupt amid price surge
(Montel) Belgian power supplier Vlaamse Energieleverancier is the country’s first major supplier to go bankrupt during the…
Read moreNordic power front year nears 11-year high on rising gas
(Montel) The Nordic front-year power contract hit near an 11-year high on Tuesday as power prices were markedly…
Read moreChinese coal imports hit 11-month high in November
(Montel) Chinese coal imports tripled on the year in November to an 11-month high of 1.18m tonnes/day…
Read moreLithuanian utility launches 94 MW Polish wind farm
(Montel) Lithuanian power utility Ignitis has launched its 94 MW Pomerania wind farm in northern Poland, after receiving…
Read moreDouble down on UK price cap for net-zero CO2 – economist
(Montel) The UK’s energy price cap should not be abolished but used by government to mitigate the current…
Read moreItaly fast-tracks 350 MW of wind capacity
(Montel) The Italian government has fast-tracked about 347 MW of wind energy projects in an effort to speed…
Read moreGerman spot power set to dive EUR 54 on 32 GW wind
(Montel) German day-ahead power prices looked set to drop more than EUR 54 – or 25% – on…
Read moreRWE, Novatek to cooperate on low-carbon fuels, LNG
(Montel) German utility RWE and Russian energy firm Novatek will cooperate in developing low-carbon fuels, such as hydrogen,…
Read morePrice spike fires up Dutch to exit gas
(Montel) An unprecedented spike in TTF gas prices this quarter has spurred Dutch plans to move households off…
Read moreExtreme volatility will not deter expansion – Norlys Energy
(Montel) Norlys Energy Trading’s CEO is confident the firm will continue its plan to expand across Europe and…
Read moreOil and gas “essential” for energy transition – Saudi Aramco
(Montel) Fossil fuels are “essential” for the world’s transition to green energy and beyond, said the CEO of…
Read moreCarbon climbs near record in bullish market
(Montel) European carbon prices rose close to their recent high in Monday trading as bullish sentiment continued to…
Read moreBaltic spot power climbs to record above EUR 469/MWh
(Montel) Baltic day-ahead power prices on Monday settled at a record average of EUR 469.03/MWh, with hourly peaks…
Read morePolish TSO asks neighbours for help amid supply crunch
(Montel) Poland’s electricity TSO had to ask its counterparts in Germany, Lithuania, Sweden and Ukraine to provide power…
Read morePersisting demand to underpin coal prices
(Montel) European coal prices will likely draw further support this week from a lack of spot material…
Read moreStrike at UK oil, gas fields to have “major impact” – union
(Montel) Workers at French energy firm TotalEnergies UK oil and gas facilities began strike action on Monday,…
Read moreGerman Greens clear way for new coalition’s energy plan
(Montel) Germany’s Green party on Monday cleared the way for a new government coalition that plans to more…
Read moreGerman front-year power jumps to 2-month high
(Montel) German front-year power hit a two-month high on Monday amid bullish market sentiment stemming from higher carbon…
Read morePolish balancing, spot power hit record highs
(Montel) Polish balancing and spot power prices soared to record highs on Monday amid a tight supply situation…
Read moreNo quick fix for global gas supply crisis – Cedigaz
(Montel) The gas market will see “no quick fix” to undersupply this winter that has driven prices…
Read moreVoltalia signs 20-year solar PPA with 11 French firms
(Montel) French renewables firm Voltalia has signed a 20-year power purchase agreement (PPA) with 11 French companies for…
Read moreNordic Jan power slumps to 2-week low on wet, mild outlook
(Montel) Nordic power front futures dropped on Monday as weather forecasts pointed to wetter, milder and winder conditions…
Read moreGas prices soften on milder, windier outlook
(Montel) European spot and forward gas prices eased on Monday in response to forecasts of milder and…
Read moreDanish consortium plans 400 MW electrolyser in 2028
(Montel) Three companies plan to build a large facility for green methanol production in Aalborg, Denmark, that could…
Read moreGazprom will sell no gas on auction to Europe this week
(Montel) Gazprom plans no sales of gas to European customers via its auction platform (ESP) this week, the…
Read moreCO2 pares gains following record
(Montel) European carbon prices retreated from the morning’s record high above EUR 80/t and looked set to…
Read moreSwedish TSO activates 662 MW reserve plant to aid Poland
(Montel) Swedish TSO Svenska Kraft has activated a 662 MW reserve oil-fired power plant – Karlshamnsverket – in…
Read moreDenmark agrees to add 2 GW offshore wind by 2031
(Montel) A majority in the Danish parliament has agreed to add 2 GW of offshore wind capacity by…
Read moreGerman spot power eyes 13% drop on rising wind output
(Montel) German day-ahead power prices looked set to plummet around EUR 33 as wind output was forecast to…
Read moreEquinor buys 45% stake in UK battery producer
(Montel) Norway’s Equinor has bought a 45% stake in UK battery storage developer Noriker Power for an undisclosed…
Read moreOil rises but concerns over Omicron restrictions remain
(Montel) Oil was rising on Monday but concerns around the Omicron coronavirus variant and potential restrictions to temper…
Read moreGermany needs 5.5 GW onshore wind growth annually – lobby
(Montel) Germany will need to add 5.5 GW of onshore wind annually – more than double its…
Read moreGerman power front month gains on higher gas, colder outlook
(Montel) German front-month power prices edged higher on Friday amid gas market strength and slightly colder forecasts for…
Read moreEU ministers urge clarity on gas, nuclear green status
(Montel) EU energy ministers continue to urge the European Commission to clarify as soon as possible if nuclear…
Read moreItaly to add up to 1 GW solar capacity in 2021 – lobby
(Montel) Italy is expected to end the year with 950 MW-1 GW of new solar capacity, which is…
Read moreItaly’s CO2 emissions set to jump near 5% this year
(Montel) Italy’s carbon emissions looked set to rise 4.8% this year amid an economic recovery and increased mobility…
Read moreCarbon options guide market higher
(Montel) European carbon prices have scaled EUR 80/t on the back of bullish sentiment linked to the…
Read moreGas prices rise as storage withdrawals speed up
(Montel) Most European gas prices rose on Friday as withdrawal levels at gas storage facilities were speeding up…
Read moreEC to explore options to mitigate power price volatility
(Montel) The European Commission plans to explore options to help mitigate power price volatility without distorting the EU’s…
Read moreNordic power January, Q1 rise on cold, spot may soar
(Montel) The Nordic power front month and front quarter rose on Friday in response to some colder…
Read moreChevron halts second Australian Gorgon LNG train
(Montel) Chevron has suspended production from its 5.2m tonne/year (7bcm) Gorgon LNG train 3 production line in…
Read moreCarbon breaches EUR 80/t as momentum persists
(Montel) European carbon prices have extended a bull run on Friday morning to push through a record…
Read moreItaly joins France, Spain in call for power market reforms
(Montel) Italy has joined France and Spain in calling for power market reforms to reduce the impact of…
Read moreGerman spot power eyes record high next week on low wind
(Montel) German spot power prices on Friday looked set to climb to a record high average next…
Read moreRWE warns of winter gas supply issues at two plants
(Montel) German power plant operator RWE has warned of gas supply issues at two of its power plants…
Read moreGlencore coal output to rebound once virus recovery complete
(Montel) Glencore’s coal production will recover in line with a global pandemic recovery following a sharp decline…
Read moreCarbon hits fresh high, eyes EUR 80/t
(Montel) European carbon prices extended their recent streak of gains to hit a record approaching EUR 80/t…
Read moreNine EU nations back current power market design
(Montel) Nine EU countries including Germany want to keep the current wholesale power market design despite soaring energy…
Read moreGermany, Austria sign gas supply security deal
(Montel) Germany and Austria have signed a deal to ensure gas supply between the two countries in case…
Read moreBerlin appoints second top official for energy policy
(Montel) Germany’s incoming government has appointed Greens parliamentarian Oliver Krischer as the second top official in the…
Read moreCrude prices rise in wake of Opec+ move to boost output
(Montel) Crude oil was higher early on Friday in the wake of an Opec+ decision to increase supplies…
Read moreOpec+ agrees to boost supply by 0.4m bbl/day in Jan
(Montel) Opec and its Russia-led partners agreed on Thursday to increase oil supply in January by 0.4m bbl/day,…
Read moreCO2 rises to new highs, coal edges upwards
(Montel) European carbon prices rose to new highs in Thursday trading, of nearly EUR 80/t, while coal…
Read moreGerman front-week power dives EUR 30 on mild, windy outlook
(Montel) Germany’s front-week power contract dived EUR 30 on Thursday amid forecasts of milder, windier weather.…
Read moreSpanish solar projects face 1-year delays – industry
(Montel) Solar developers in Spain are faced with project delays of up to a year as increased material…
Read moreGas prices soften 5% on milder weather
(Montel) European spot and forward gas prices fell back on Thursday in response to forecasts of milder…
Read moreAsia-Pacific coal prices slip with easing China concerns
(Montel) The Pacific basin’s leading coal index fell 4% in the week through until Wednesday, tracking weakness…
Read moreNordic power extends losses amid milder weather outlook
(Montel) Nordic power futures on Thursday were extending losses seen so far this week amid expectations of an…
Read moreNord Pool price failure caused by cable flow counting error
(Montel) Nord Pool’s erroneous system price calculations for much of November was caused by a system bug that…
Read moreOil prices rebound as Opec+ weighs Omicron impact
(Montel) Benchmark Brent crude oil prices clawed back from the previous session’s 14-week low early on Thursday as…
Read moreIberdrola plans 1 GW H2 plant for green steel in Iberia
(Montel) Spanish utility Iberdrola has agreed to develop a 1,000 MW green hydrogen plant in the Iberian Peninsula…
Read moreGerman spot power to shed 30% amid robust wind
(Montel) German day-ahead power prices looked set to drop almost 30% on Thursday as forecasts suggested higher…
Read more“Mental” UK power hits multi-year highs
(Montel) UK front-month power prices have hit multi-year highs on Wednesday amid concerns of tight supply and…
Read moreGerman finance ministry affirms anti-nuclear taxonomy stance
(Montel) Germany will maintain its stance against nuclear power as a sustainable investment in the EU taxonomy, a…
Read moreGerman industrials face barriers to offshore wind investment
(Montel) Despite concerns around skyrocketing power prices among German energy-intensive firms most exposed, attempts to mitigate that…
Read moreItaly power prices seen at EUR 70-75 in 2025-2035 – Aurora
(Montel) Italian baseload power prices are set to stabilise around EUR 70-75/MWh in the 2025-2035 period following short-term…
Read moreUK ETS authority to unveil intervention decision by 14 Dec
(Montel) The UK ETS authority will decide in the coming two weeks if and how it will intervene…
Read moreFinland’s Neova to exit peat for energy production next year
(Montel) Finnish state-owned peat giant Neova will halt peat production for energy in Finland from next year, citing…
Read moreRenewable energy growth must double for net zero goals – IEA
(Montel) The world looks set to add a record level of renewable energy capacity in 2021, although the…
Read moreSpain's gas demand soars 27% in November
(Montel) Spanish gas consumption soared by 27.3% year on year in November to 40 TWh amid higher conventional…
Read moreGerman wind power output hits new record high 47.1 GW
(Montel) German wind power generation hit a fresh record high of 47.1 GW on Tuesday, TSO data compiled…
Read morePrompt gas prices rebound with supportive weather
(Montel) Prompt European gas prices edged higher on Wednesday morning as cold weather and elevated storage drawdowns…
Read moreLittle risk of power outages in EU this winter – TSOs
(Montel) There is generally little risk of power outages in the EU this winter, even with high gas…
Read moreNordic power front futures drop on milder weather outlook
(Montel) Nordic power front contracts dropped on Wednesday as weather forecasts indicated milder conditions in the coming two…
Read moreCarbon gains almost EUR 2 to new record above EUR 77/t
(Montel) European carbon prices rose by almost EUR 2 on Wednesday to a record high above EUR 77/t…
Read moreGerman green plans to increase price volatility – Volue
(Montel) Plans by the incoming German government to expand renewable energy capacity would “significantly increase seasonal power price…
Read moreAmazon boosts EU green energy portfolio by 944 MW
(Montel) Amazon has announced 944 MW of new investments wind and solar projects in Finland, Germany, Italy, Spain…
Read moreGerman spot power to double to exceed EUR 200 as wind drops
(Montel) German day-ahead power prices looked set to more than double, surging to in excess of EUR…
Read moreAcer approves long-term transmission rights rules
(Montel) EU energy regulatory agency Acer has approved harmonised capacity allocation rules for long-term transmission rights intended to…
Read moreNewcastle coal exports slip to 6-month low on disruptions
(Montel) Combined exports from two key terminals at Australia’s main coal export hub of Newcastle fell to…
Read moreOil prices rise ahead of key Opec meetings
(Montel) Oil prices rose around 3% early on Wednesday ahead of key meetings of Opec and its Russia-led…
Read moreDutch Onyx to receive EUR 212m to close 731 MW coal plant
(Montel) The Dutch government will pay up to EUR 212.5m in compensation to the Onyx Power for an…
Read moreSpain industry eyes output cuts if gas hits EUR 100 – Mibgas
(Montel) Industrial production in Spain could face cuts if gas prices hit EUR 100/MWh, exchange Mibgas told Montel…
Read moreCO2 jumps EUR 1 on cold outlook, bullish gas
(Montel) European carbon prices rose by more than EUR 1 on Tuesday, as cold weather forecasts and a…
Read moreEC set to clarify nuclear, gas green status next week
(Montel) The European Commission is preparing to settle whether nuclear and natural gas are “green” investments in an…
Read moreRussia’s healthy 2021 coal output may start to slow
(Montel) Russian hard coal production grew nearly 10% in January-October, with producers emboldened by high export prices,…
Read moreMajority of Spanish industrial power for 2022 unhedged
(Montel) Most Spanish industrials have not hedged their power demand for 2022, meaning they face greater risk amid…
Read moreFrance may have to delay reactor closures – IEA
(Montel) France may need to delay the planned closure of 12 of its 56 nuclear power reactors by…
Read moreFrench gas stocks sufficient for “very cold winter” – TSO
(Montel) France will have enough gas to meet demand this winter even if it is very cold,…
Read moreEC to propose hydrogen additionality rules “soon”
(Montel) The European Commission plans to propose detailed technical “additionality” rules for using renewable power to produce green…
Read moreRed tape blocks renewables construction – Spain lobby
(Montel) Renewables developers face an “unbridgeable hurdle” as red tape blocks construction in countries such as Spain and…
Read moreFrance, Germany plan deal on adding nuclear to EC green list
(Montel) France will strike a deal in the “following days” with Germany over its bid to get nuclear…
Read moreGerman front-month power jumps EUR 30 on cold
(Montel) Germany’s front-month power contract jumped EUR 33 intraday on Tuesday on the back of forecasts predicting…
Read moreJanuary gas rises as forecasts turn colder
(Montel) The European gas front month gained on Tuesday, as forecasters warned of colder weather lasting longer than…
Read moreGerman energy plans hinge on CO2 pricing
(Montel) The incoming German government’s plans to introduce a carbon price floor underscored its intention to use…
Read moreUK’s Glennmont buys 99 MW Spanish wind portfolio
(Montel) Glennmont Partners has bought a 99 MW wind portfolio in Spain from Saudi Arabian firm Alfanar, the…
Read moreSkarta plans 100 MW solar farm in Finland
(Montel) Skarta Energy has plans to build a 100 MW solar farm in north-western Finland at a cost…
Read moreGerman front-week power jumps more than EUR 60
(Montel) Germany’s front-week power contract jumped more than EUR 60 early on Tuesday, as forecasts showed cold weather…
Read moreGoogle signs 50 MW PPA with Orsted for German offshore wind
(Montel) Danish energy company Orsted has signed a 12-year power purchase agreement (PPA) with Google for the IT…
Read moreDark spreads soar amid plunging coal prices
(Montel) European coal-fired plant profit margins – or clean dark spreads – have surged to well over…
Read moreEU industry must cut 173m t CO2 by 2030 – BNEF
(Montel) The EU will need industry covered by the ETS to cut its greenhouse gas emissions by 173m…
Read moreUK could reduce gas demand 50% by 2031 – TSO
(Montel) UK gas demand could potentially decline by 50% over the coming decade if clean energy-transition technologies…
Read morePrice error erodes trust in Nordic power market – Nasdaq
(Montel) Erroneous system price calculations by the Nord Pool exchange have eroded trust in the Nordic financial power…
Read moreNordic spot hits new highs despite erroneous settlements
(Montel) Nordic spot power for Monday settled at a record high EUR 246.86/MWh after a weekend in which…
Read moreGerman spot power eyes 3-week low amid robust wind output
(Montel) German day-ahead power prices looked set to drop almost EUR 21 on Tuesday as forecasts pointed to…
Read moreItaly gas stocks healthier than other Europe nations – Snam
(Montel) Italy has healthier gas inventories than other European countries and should have no difficulty meeting domestic winter…
Read moreOil prices fall as Omicron continues to spook market
(Montel) Oil prices were falling on Tuesday – after a 10% dive on Friday – as fears over…
Read moreCoal barge constraints to Germany show signs of easing
(Montel) Rising river levels could see ongoing constraints on coal barge traffic earmarked for German power plants…
Read moreCoal bucks trend of high fuels amid China woes
(Montel) European coal bucked the trend of firmer energy markets on Monday, including carbon, gas and power, due…
Read moreSappi Finland to phase out 800 GWh coal use
(Montel) South African paper and pulp group Sappi will phase out coal at its Kirkniemi mill in Finland…
Read moreGazprom plans no gas auction sales to Europe this week
(Montel) Gazprom will not sell gas to European customers via its auction platform (ESP) this week, it said…
Read moreGerman Cal 22 power rises to 7-week high with gas, carbon
(Montel) German power prices rose on Monday amid a cooler weather outlook which also boosted gas and carbon…
Read moreEU’s Q2 emissions remain below pre-pandemic levels
(Montel) EU greenhouse gas emissions remained below pre-pandemic levels in the second quarter of this year, the EU’s…
Read moreGazprom plans no gas auction sales to Europe this week
(Montel) Gazprom will not sell gas to European customers via its auction platform (ESP) this week, it said…
Read moreItalian TSO to invest EUR 23bn in green transition to 2030
(Montel) Italian gas TSO Snam is planning to invest EUR 23bn to 2030 to enable the country’s green…
Read moreNordic price error hits EUR 47m worth of trades – Shepherd
(Montel) Nord Pool’s failure to calculate the correct Nordic system price since 9 November has affected financial market…
Read moreGas prices rise more than EUR 8 on cold, expiry
(Montel) European gas prices rose by more than EUR 7 on Monday morning as cold temperatures boosted demand…
Read moreSpanish spot power to trade steady, futures rise
(Montel) Spanish power spot prices looked set to trade largely sideways this week, although futures gained on Monday…
Read moreLNG imports slump 70% to 0.7bcm
(Montel) Seaborne LNG deliveries to key European destinations slumped more than 70% last week to 0.7bcm, with…
Read moreFrench solar sector files appeal against subsidy cut
(Montel) France's solar sector has filed an appeal with the council of state in a bid to annul…
Read moreEngie, BASF sign 25-year, 20 TWh Spanish PPA
(Montel) Engie has signed a 25-year power purchase agreement (PPA) with German chemicals group BASF for 20.7 TWh…
Read moreNordic December power jumps EUR 30 on record spot
(Montel) Nordic power futures jumped sharply on Monday morning, with the December contract and Q1 hitting new highs…
Read moreCarbon rallies 3% to new peak on colder weather
(Montel) European carbon prices have rallied more than 3% to a new record high early on Monday on…
Read moreVattenfall stops market making for Swedish, Finnish Epads
(Montel) Swedish utility Vattenfall will no longer act as a market maker for price differential contracts (Epads) in…
Read moreVerbund acquires first Spanish solar project (150 MW)
(Montel) Austrian utility Verbund has acquired a 150 MW solar park in Spain from German renewables developer Baywa…
Read moreItaly TSO buys 49.9% stake in Algerian pipelines from Eni
(Montel) Italy’s gas TSO Snam has agreed to buy a 49.9% stake in pipelines carrying Algerian gas into…
Read moreCarbon sinks EUR 4 with volatility set to persist
(Montel) European carbon prices sank almost EUR 4 on Friday – having hit consistent record highs this week…
Read moreNordic spot power hits fresh record at EUR 228
(Montel) The benchmark Nordic system price hit a record for the second day running on Friday, settling at…
Read moreUK energy system is “broken” – Nippon Electric Glass
(Montel) The UK energy system is “broken” with high power prices and government plans to decarbonise creating an…
Read moreOil claws back losses after Omicron fears sparked sell-off
(Montel) Oil was rebounding on Monday after the new Omicron variant of Covid-19 spooked markets on Friday, with…
Read moreNord Pool sets incorrect system price since 9 November
(Montel) Power exchange Nord Pool has made errors in the calculation of the Nordic day-ahead power price, the…
Read moreEnergy complex dives on African variant
(Montel) European energy prices slid across the board on Friday dragged down by reports of a new Covid…
Read moreGerman Cal 22 power slips with fuels, CO2, Covid fears
(Montel) German front-year power shed up to 4% on Friday amid a combination of softer prices for gas,…
Read moreGerman renewables expansion to lower power prices – Aurora
(Montel) The incoming German government’s plans to radically expand renewable energy were likely to depress wholesale power…
Read moreGerman weather to stay mild, windy throughout December
(Montel) German weather should stay mild throughout December after a cold and rainy period early next week, with…
Read moreGas prices retreat amid coronavirus variant worries
(Montel) European gas futures fell in line with other energy commodities on Friday as news of a…
Read moreCarbon slides to 2-day low amid fresh Covid fears
(Montel) European carbon prices shed almost EUR 4, dropping to a two-day low on Friday amid concerns around…
Read moreGerman spot power to drop next week as wind strengthens
(Montel) German spot power prices on Friday looked set to fall from current highs next week amid…
Read moreNordic power slides EUR 6 as coronavirus concerns weigh
(Montel) Nordic power futures slid up to almost EUR 6 on Friday amid plunging prices across Europe and…
Read moreEnea's power output rises 16% in January-September
(Montel) Polish state-run utility Enea generated 19.5 TWh of power in January-September, 2.7 TWh more than a year…
Read moreForesight plans 800 MW Spanish solar by 2023
(Montel) Foresight plans to double its solar capacity in Spain to 800 MW over the next two years,…
Read moreSpain to install 3 GW of new solar this year – lobby
(Montel) Spain was set to install more than 3 GW of unsubsidised solar capacity by the end of…
Read morePortugal exits coal as Spanish plants persist
(Montel) Portugal will officially exit coal generation next Tuesday with the closure of Pego (628 MW), the country’s…
Read moreEU power prices could spiral 30% in cold winter – Volue
(Montel) German and French power prices could spiral around 30%, or EUR 79 and EUR 96, respectively, from…
Read moreCrude prices fall on concerns about oversupply, pandemic
(Montel) Crude oil prices were down more than 2% early on Friday on concerns about oversupply ahead…
Read moreSurging CO2 hits new record high
(Montel) European carbon prices hit a new record high above EUR 74/t on Thursday afternoon underpinned by overall…
Read moreGerman H2 demand will surge to 500 TWh by 2050 – TSOs
(Montel) Germany's hydrogen demand is expected to soar seven-fold from 72 TWh in 2030 to 504 TWh…
Read moreItalian GO prices rise in Nov, trading volumes halve
(Montel) Prices for Italian guarantees of origin (GO) climbed month on month in November, though trading volumes more…
Read moreCarbon extends rally to new heights above EUR 74/t
(Montel) European carbon prices set a new peak above EUR 74/t on Thursday amid a mix of speculative…
Read moreNS2 flows unlikely to start before Sept – Energy Aspects
(Montel) The contested Russia-Germany Nord Stream 2 gas pipeline is unlikely to start commercial flows before September next…
Read moreBulb hedging strategy to remain unchanged – experts
(Montel) Bulb’s hedging strategy is likely to remain unchanged after the UK energy provider entered into a special…
Read moreOX2 plans 5 GW offshore wind in Baltic Sea by 2030
(Montel) Swedish wind developer OX2 and Finnish fund manager Alandsbanken Fondbolag plan to build a 5 GW wind…
Read moreUkraine seeks coal amid halt to Russian exports
(Montel) Russia has unofficially halted exports of thermal coal to Ukraine, leaving the country’s energy firms scrambling…
Read moreRooftop solar demand jumps on Europe’s energy crisis
(Montel) Europe’s energy price crisis has seen a boost in demand for rooftop solar projects, with capacity set…
Read moreGas prices rise on Nord Stream 2, cold weather fears
(Montel) European gas prices rose on Thursday amid fears of a significant delay in Nord Stream 2 pipeline…
Read moreEndesa boosts 2022 power price forecast to EUR 83
(Montel) Spanish utility Endesa expected spot power prices to average EUR 83/MWh in 2022 compared with the EUR…
Read moreRussian coal mine fire may impact 0.4m tonnes/month exports
(Montel) A fire at a Russian coal mine could impact 0.4m tonnes/month of coal supply to the…
Read moreEndesa raises 2030 renewables target by 33%
(Montel) Endesa has raised its renewables capacity target by 33% to 24 GW in Iberia by the end…
Read moreUK CO2 cost curbs to be triggered but uncertainty remains
(Montel) The UK’s cost containment mechanism (CCM) for its fledgling carbon market – UK ETS – looks certain…
Read moreNordic spot power prices set to jump amid cold spell
(Montel) Nordic spot power prices were set to jump amid a cold spell forecast to start this weekend,…
Read morePGNiG’s wholesale gas sales rise 19% in Jan-Sept
(Montel) Polish gas monopoly PGNiG sold 7.8bcm of natural gas to the wholesale market on the TGE bourse…
Read morePortugal to auction 263 MW of floating solar in reservoirs
(Montel) Portugal will launch an auction on Friday for 263 MW of floating solar capacity in some…
Read moreGerman spot power eyes EUR 30 drop on rising wind output
(Montel) German day-ahead power looked set to shed over EUR 30 on Thursday as forecasts pointed to…
Read moreDraw to decide developer of 1 GW Danish wind farm
(Montel) Denmark’s energy agency will conduct a draw on 1 December to decide the winner of a recent…
Read moreOil drifts sideways as market awaits Opec’s next move
(Montel) Oil futures traded little changed early on Thursday as market participants awaited how Opec and its Russia-led…
Read moreEPR power 3 times as costly as renewables – Greenpeace
(Montel) Power from the under-construction European pressurised reactor (EPR) at Flamanville in France would be three times as…
Read moreCarbon tops EUR 73/t on German ETS price floor plan
(Montel) European carbon prices rose to a fresh record high on Wednesday above EUR 73/t on proposals by…
Read moreSpanish gas demand to jump on colder weather – TSO
(Montel) Low temperatures forecast in the days ahead would see an "extraordinary increase" in Spanish gas demand with…
Read moreCoal extends 1-month high, new CO2 record
(Montel) European coal prices extended four-week highs in Wednesday trading on a lack of spot cargoes, buoyant…
Read moreGermany mulls capacity mechanism amid fast green transition
(Montel) The incoming German coalition government is mulling the implementation of a capacity mechanism to provide back-up power…
Read moreGerman coalition seeks 2030 coal, 2045 gas exits
(Montel) An incoming German government will seek to bring forward the country’s coal exit to 2030 and eliminate…
Read moreGrowing risk appetite may boost PPA market – Axpo
(Montel) A shifting attitude to risk, which is seeing providers of power purchase agreements (PPAs) ready to take…
Read moreGermany aims for ETS price floor of EUR 60/t
(Montel) The incoming German government wants to push for a carbon price floor of EUR 60/t for the…
Read moreCold to drive power demand 8% above normal – analyst
(Montel) A current cold spell should drive European power demand until the end of November, with some countries…
Read moreGerman power front year gains with gas, coal
(Montel) The German power benchmark front-year contract gained on the back of higher gas and coal prices…
Read moreIlmatar plans 500 MW wind power in Finland
(Montel) Finnish renewables developer Ilmatar is planning to build two onshore wind farms with combined capacity of 350-500…
Read moreGas front-month futures flatten on steady supply
(Montel) After jumping more than EUR 5 in the prior session, front-month European gas contracts traded flat on…
Read moreFrench spot power nudges year high on cold weather outlook
(Montel) French day-ahead power prices touched a one-year high on Wednesday and could climb further early next…
Read moreEurope, west Mediterranean LNG imports jump 6% in November
(Montel) European and west Mediterranean LNG imports have risen 5.6% in November from the same period last…
Read moreEnel plans to exit gas generation by 2040 to meet net zero
(Montel) Italian utility Enel plans to exit gas-fired generation by 2040, replacing its thermal fleet with new renewables…
Read moreAaland islands seek 4 GW of offshore wind by 2030
(Montel) The Aaland islands in the Baltic Sea hope to develop 4 GW of offshore wind power by…
Read moreRWE boosts Italy onshore wind to 456 MW after auction
(Montel) German utility RWE has boosted its Italian onshore wind generation capacity to 456 MW after it was…
Read moreNordic power futures rise amid extended cold outlook
(Montel) Nordic power futures rose on Wednesday as forecasts showed an extended period of colder and drier weather…
Read moreOil extends gains after US announces release of reserves
(Montel) Oil futures extended the previous day’s gains early on Wednesday, a day after the US announced it…
Read moreGerman spot power to ease with more wind
(Montel) German day-ahead power prices looked set to retreat from a seven-week high on Wednesday as forecasters…
Read moreItaly TSO to hold new capacity auction on 21 February
(Montel) Italian TSO Terna will hold a new capacity market auction on 21 February at 10:00 CET for…
Read moreFinnish TSO pursues 100% transmission capacity for market
(Montel) EU rules requiring TSOs to allocate at least 70% of all cross-border transmission capacity to the market…
Read moreCarbon flat on profit-taking, technicals
(Montel) European carbon prices traded largely sideways on Tuesday, correcting from Monday’s new record above EUR 71/t…
Read moreNo sign of ice disruptions for Baltic Sea coal exporters
(Montel) Russian coal exporters to Europe are unlikely to face any significant ice-related disruptions to shipping in…
Read moreOil prices fall amid US-led pact to release reserves
(Montel) Oil prices were falling on Tuesday amid a US-led plan to release crude from its strategic reserve…
Read morePolish spot power hits record high above EUR 158/MWh
(Montel) Polish day-ahead prices for baseload power settled at a record high of PLN 747.49/MWh (EUR 158.70/MWh) at…
Read morePoland's power exports surge by 5.5 TWh in Jan-Oct
(Montel) Poland's power exports surged 5.5 TWh year on year to 6.8 TWh in January-October, data from TSO…
Read moreGerman Cal rises with gas, peak spot hits 15-year high
(Montel) German power for delivery next year rose on Tuesday, driven by higher gas prices amid a cooler…
Read moreEuropean coal jumps 6% to 1-month high
(Montel) European coal prices for delivery next quarter jumped more than 6% to a four-week high on…
Read moreNordic Dec power drops on milder weather, Norway export curb
(Montel) The Nordic front-month power contract fell back on Tuesday amid forecasts of milder weather in December…
Read moreUtility, aggregated PPAs may lure small firms – experts
(Montel) Utility and aggregated power purchase agreements (PPA) could become the likely ways to lure small and medium…
Read moreLa Nina forms in Pacific, may bring cold to Europe
(Montel) A La Nina weather event, associated with long periods of colder weather in major energy-demand areas…
Read moreNorway TSO slashes export capacity to Sweden in tit for tat
(Montel) Norwegian TSO Statnett will slash available export capacity from Norway’s NO1 bidding zone to Sweden’s SE3 area…
Read moreNasdaq urges fewer Nordic bidding zones to boost liquidity
(Montel) The Nasdaq Commodities exchange has urged a reduction of the number of bidding zones in the region…
Read moreUS extends Nord Stream 2 sanctions to Russian vessel
(Montel) The US has extended its sanctions against Russia’s Nord Stream 2 gas pipeline project to a…
Read moreCarbon breaches EUR 70/t as rally extends
(Montel) European carbon prices breached EUR 70/t for the first time on Monday as the market extended…
Read moreGerman spot power set to jump 16% as wind output drops
(Montel) German day-ahead power prices looked set to rise by around EUR 38 on Tuesday as forecasts indicated…
Read moreGermany, Australia to develop hydrogen export plan
(Montel) Germany and Australia have entered a partnership to help develop the latter’s clean hydrogen export industry,…
Read moreCongestion hampers Europe’s coal vessel arrivals
(Montel) Congestion at Europe’s main coal import hub of Rotterdam remains substantial amid favourable generation margins, driving…
Read moreGerman court rules against balancing market price cap
(Montel) A court has ordered Germany’s energy regulator BNA and TSOs to suspend a EUR 9,999.99/MWh price…
Read moreNord Stream 2 may face delay until next autumn – think tank
(Montel) A suspension of German regulator BNA’s certification process for the contested Russia-Germany Nord Stream 2 gas…
Read moreCarbon hits new high on strong sentiment
(Montel) European carbon prices extended last week’s gains to climb to a record above EUR 71/t on…
Read moreGerman December power falls with gas, milder weather
(Montel) The German power front-month contract lost up to EUR 11.50 on Monday amid easing gas prices…
Read moreUK spot power price tops GBP 1,000 on wind dearth, cold
(Montel) UK day-ahead power prices more than doubled on Monday to exceed GBP 1,000 as already subdued wind…
Read moreSpanish spot power prices to rise on higher demand
(Montel) Spanish day-ahead power prices could rise this week on stronger demand and lower renewables supply.…
Read moreGas prices dive 5% on Covid measures, milder weather
(Montel) European spot and forward gas prices continued to drop on Monday in response to fears of…
Read moreEurope flow-based coupling expansion delayed to Q2
(Montel) TSOs and power exchanges in 13 European countries have delayed the expansion of flow-based power market…
Read moreUK to invest GBP 9.4m in Scottish hydrogen project
(Montel) The UK will invest GBP 9.4m to build the country’s largest electrolyser to produce hydrogen at Scottish…
Read moreNordic Q1 power hits 2-month high on cold weather outlook
Nordic power for delivery next quarter rose to a fresh two-month high on Monday amid a colder…
Read moreOX2 plans 4.8 GW offshore wind power in Finland
(Montel) Swedish wind power developer OX2 has plans to develop two offshore wind farms off Finland’s western coast…
Read moreGerman spot power eyes 1-week high on stronger demand
(Montel) German day-ahead power prices looked set to rise to their highest levels in a week on…
Read moreSteelmaker cancels German switch after French price pledge
(Montel) German steelmaker Saarstahl has cancelled plans to transfer 40% of production at its Ascoval plant in…
Read moreCO2 values would enhance GO market transparency – experts
(Montel) European guarantees of origin (GOs) would benefit from the addition of CO2 values by boosting market transparency,…
Read moreCrude tumbles to 7-week lows on lockdown concerns
(Montel) Crude oil prices hit a seven-week low on Monday as concerns abounded regarding demand destruction with Europe…
Read moreGas, CO2 prices fall on technical correction
(Montel) European carbon and gas prices were falling on Friday in a technical correction, following a week of…
Read moreNordic regulators urge Sweden to boost cross-border capacity
(Montel) Energy regulators from Denmark, Finland and Norway have urged Sweden to increase cross-border capacity to help level…
Read moreEUAs brace for EUR 70/t, eye EUR 80/t by year end
(Montel) European carbon prices are bracing for an imminent surge to EUR 70/t after emission allowances set a…
Read moreGerman Cal 22 power drops on lower gas, lockdown worries
(Montel) Germany’s benchmark power contract lost EUR 6 on Friday amid falling gas prices and intensifying worries regarding…
Read moreGas prices slide EUR 4 on more LNG, Covid fears
(Montel) European gas prices slid up to EUR 4 on Friday amid a technical correction and pressured by…
Read more12 EDF reactors will be under 10-year inspections in 2022
(Montel) EDF will shut down seven of its 56 nuclear reactors in France next year for 10-year…
Read moreFinland to use EUR 60m coal phase-out funds for renewables
(Montel) Finland’s economy ministry will redirect EUR 59.45m reserved for coal decommissioning projects to renewable energy investments.…
Read moreOutages set to cut French winter nuclear capacity by 4.1 GW
(Montel) EDF faces the loss of an additional 4.1 GW of French nuclear capacity this winter, with outages…
Read moreEsma preliminary carbon market report finds no abuse
(Montel) The EU’s financial watchdog has found no evidence of market abuse in Europe’s carbon market, while…
Read moreNordic power futures fall amid milder outlook
(Montel) Nordic power futures fell amid a milder weather outlook on Friday, though strong fuels and carbon prices…
Read moreFrench court casts doubt on new EPR deadlines, costs
(Montel) France’s Court of Auditors has expressed doubts about the country's ability to build new European pressurised reactors…
Read moreFormer Eon head Teyssen to join Swiss Alpiq
(Montel) Former Eon CEO Johannes Teyssen will join Swiss utility Alpiq to lead the board of directors from…
Read moreGerman spot power set to climb as wind, temperatures drop
(Montel) German spot power prices on Friday looked set to shoot higher next week with less wind…
Read moreRussia must boost gas exports to Europe by 15% – IEA
(Montel) Russia must increase its gas supply to Europe by 15% to drive down soaring prices in…
Read moreCrude prices rise on concerns about possible reserve release
(Montel) Crude oil was higher early on Friday on concerns about the potential impact of the US, the…
Read moreAsia-Pacific coal prices ease as China winter risk wanes
(Montel) The Pacific basin’s leading coal index has fallen 9% week on week amid a continued build-up of…
Read moreGas prices slide in improved flows, lower demand
(Montel) European gas prices traded lower on Thursday morning amid increased pipeline flows from Norway, rising wind power…
Read moreCoal edges higher, CO2 hits new high
(Montel) European coal prices edged higher on Thursday amid persistent generation demand, continued constraints to prompt supply…
Read moreGerman power front week falls more than EUR 10 with gas
(Montel) The front week and front month contracts lost more than EUR 10 on Thursday, as the…
Read moreChina “muddies” LNG waters as ships turn off tracking
(Montel) As many as 30 LNG vessels have turned off their vessel-tracking beacons, potentially skewing near-term supply-demand…
Read moreSpain set to “relax” energy market interventions – lobby
(Montel) The Spanish government was likely to “relax” its energy intervention push, after passing several controversial measures, Marina…
Read moreHydropower GOs rise on Norway exit fears
(Montel) Prices for European hydropower guarantees of origin (GOs) rose during the week to Thursday amid concerns over…
Read moreItaly gas lobby calls for release of strategic gas reserves
(Montel) Italy should release part of the country’s 4.6bcm strategic gas reserves to industrial companies at half…
Read moreNorway needs more power supply – Statnett chair
(Montel) Norway needs more power generation to meet a strong growth in demand over the next decades, the…
Read moreNordic power drops on milder outlook, lower German prices
(Montel) Nordic power futures were trading markedly down on Thursday amid a milder weather outlook and falling German…
Read moreAxpo expects no Beznau outages due to lifetime extensions
(Montel) A planned revamp of the Swiss utility Axpo’s two Beznau reactors (365 MW each) to allow lifetime…
Read moreOil prices extend 6-week low amid inflation worries
(Montel) Benchmark crude oil prices slumped to fresh six-week lows early on Thursday, as the US – the…
Read moreGerman spot power to drop on more wind, less demand
(Montel) German day-ahead power looked set to fall around 12% on Thursday as forecasts indicated more wind output…
Read moreGerman TSOs expect sufficient winter gas supply
(Montel) Germany’s gas TSOs expect sufficient winter gas supply despite continuing high prices, they said on Wednesday.…
Read moreSoaring coal demand pressures logistics infrastructure
(Montel) Soaring coal demand in western Europe is putting pressure on the region’s logistics infrastructure, with vessel…
Read moreEurope’s coal imports may rise 27% to near 2-year high
(Montel) Northwest European imports of thermal coal could rise 27% on the year this month to a…
Read moreCarbon breaches EUR 68/t to hit fresh record high
(Montel) European carbon prices rose above EUR 68/t on Wednesday in a fresh all-time high driven by buoyant…
Read moreGerman gas import prices more than double in September
(Montel) The prices of German gas imports grew 127.3% year on year in September to average EUR…
Read moreEuropean PPA prices drop 6% in October, led by UK – Pexapark
(Montel) European power purchase agreement (PPA) prices fell 5.6% on the month to EUR 53.90/MWh in October amid…
Read moreEsma again postpones carbon market report
(Montel) The EU’s financial watchdog has postponed the release of a report examining trading behaviour in the…
Read moreAukera to develop 2.7 GW of green projects in Europe in 2022
(Montel) Development platform Aukera Energy is planning to realise 2.7 GW of new renewable projects – including storage…
Read moreCO2 eyes EUR 70 after hitting fresh record
(Montel) European carbon prices rose to a fresh record on Wednesday above EUR 68/t, driven mainly by a…
Read moreGerman Q1 power jumps 10% amid gas price rally
(Montel) Germany’s Q1 power contract rose 10% on Wednesday, as gas prices jumped to their highest in a…
Read moreGas prices jump to 1-month high on possible NS2 delay
(Montel) European gas prices jumped more than EUR 11 to their highest in a month on Wednesday…
Read moreNordic Q1 power jumps 6% on high gas, German power
(Montel) Nordic power for Q1 soared EUR 4.55, or 6%, to a fresh six-week high of EUR 79.25/MWh…
Read moreSpain targets 9 GW of rooftop solar by 2030 – ministry
(Montel) Spain looks set to install at least 9 GW of rooftop solar capacity by 2030, under a…
Read moreGerman spot power to drop as renewables output soars
(Montel) German day-ahead power prices looked set to plunge on Wednesday as wind and solar generation were…
Read moreMacron announces “massive” EUR 2bn boost to H2 production
(Montel) French president Emmanuel Macron has announced EUR 1.9bn to boost green hydrogen production, in addition to its…
Read moreNS2 suspension will prolong decision deadline – BNA
(Montel) The decision over the certification of Nord Stream 2 faces a new deadline following the suspension…
Read moreBNA temporarily suspends Nord Stream 2 certification
(Montel) Germany’s BNA network regulator has temporarily suspended the certification process for the contested Russian-German gas pipeline Nord…
Read moreSuspended NS2 certification supports gas rally
(Montel) European gas prices surged to a three-week high on Tuesday after German regulators suspended a certification…
Read moreGerman Cal 22 power hits near 4-week high on strong gas
(Montel) German power for delivery in 2022 rose near a four-week high on Tuesday on strong gas prices…
Read moreGas prices spike to 3-week highs on Nord Stream 2
(Montel) European gas prices spiked more than 10% in early Tuesday trading to three-week highs, with lingering…
Read moreNordic Q1 power hits near 6-week high on colder weather
(Montel) Nordic power futures rose on Tuesday, with both the Q1 and December contracts hitting near a six-week…
Read moreNo obvious manipulation behind high energy prices – Acer
(Montel) There is currently no obvious evidence that manipulative behaviour in wholesale energy markets has driven up prices,…
Read moreCarbon hits new record high on gas, weather, technicals
(Montel) European carbon prices reached a new high early Tuesday for the second session in a row, surging…
Read moreGas prices rise as Gazprom fails to secure more capacity
(Montel) European prompt gas prices were rising on Monday, as Russia’s Gazprom <a href="https://app.montelnews.com/News/Story.aspx?id=1272555">failed to</a> book additional transit…
Read moreGerman spot power to set to plunge 31% on wind surge
(Montel) German day-ahead power prices looked set to plummet around EUR 73, or 31%, on Tuesday, as forecasts…
Read moreOil rises as Saudi Arabia stokes supply concerns
(Montel) Oil prices were rising on Tuesday as Saudi Arabia stoked supply concerns by saying it would not…
Read moreBoris Johnson signals tougher UK line on Nord Stream 2
(Montel) Boris Johnson signalled a tougher line on the Nord Stream 2 pipeline, saying the EU must choose…
Read moreNGOs press Germany to block nuclear, gas green status
(Montel) More than 100 NGOs from across Europe have urged Germany to ensure nuclear and natural gas-fired power…
Read moreCarbon tops EUR 65/t on gas gains, technicals
(Montel) European carbon prices rose above EUR 65, the highest level in five weeks, on strong buying, gas…
Read moreGerman front-year power rises amid gas fears, cold
(Montel) Germany’s front-year power contract shot up more than EUR 5 on Monday, as gas prices jumped amid…
Read moreRWE raises annual green capacity growth target to 2.5 GW
(Montel) RWE plans to increase the company’s global green capacity growth by 1 GW to a total of…
Read moreGazprom fails to book extra gas transit capacity via Ukraine
(Montel) Russia's Gazprom has again failed to book additional gas transit capacity to European destinations via Ukraine…
Read moreCoal market softens amid bearish Asian signals
(Montel) European coal prices broadly softened in early Monday trading, as bearish signals from Asia filtered through…
Read moreNordic front-week power jumps EUR 13 on cold outlook
(Montel) Nordic front power contracts jumped by up to EUR 13 on Monday amid colder weather forecasts.…
Read moreJohnson “tinged with disappointment” over diluted COP26 deal
(Montel) UK prime minister Boris Johnson said he was “tinged with disappointment” late on Sunday after the COP26…
Read moreGerman spot eyes 5-week high on low wind output
(Montel) German day-ahead power prices looked set to rise around EUR 10 on Monday, as wind output should…
Read moreUK spot soars to 2-month high of GBP 307.70/MWh
(Montel) The spot power price on the UK’s N2EX exchange soared to a two-month high of GBP 307.70/MWh…
Read moreOil falls as concerns persist about tapping US reserves
(Montel) Oil prices were falling on Monday as concerns persisted about a potential plan by the US to…
Read moreFortum hedges 65% of 2022 Nordic output at EUR 32/MWh
(Montel) Finnish utility Fortum had hedged 65% of its expected power production for 2022 at an average price…
Read moreGas rises on weak flows, Belarusian threat
(Montel) European gas prices strengthened on Friday amid a drop in Norwegian flows and a threat from Belarus…
Read moreItalian power system faces inadequacy risk by 2025 – TSO
(Montel) Italian TSO Terna said on Friday that the country’s power system faced risks of “inadequacy” by 2025…
Read moreGerman front-year power gains on strong gas prices
(Montel) German power for delivery next year traded higher on Friday driven by a strong opening on the…
Read moreCarbon technical trading supports limited breakout
(Montel) Carbon was breaking out of a recent range following the collapse of technical resistance, but the…
Read moreGas prices rise on lower Norwegian flows
(Montel) European gas prices rose on the back of a drop in Norwegian gas flows on Friday,…
Read moreNordic power curve rises amid drier, colder outlook
(Montel) Nordic power contracts were trading higher on Friday amid a colder and drier weather outlook and rising…
Read moreENBW hedges slightly more forward power
(Montel) German utility ENBW has locked in slightly more sales on its power production for two years in…
Read moreGerman spot power to fall on rising wind
(Montel) German spot power prices on Friday looked set to inch lower next week as wind production…
Read moreENBW earnings fall 4% on write-downs, poor wind
(Montel) ENBW’s earnings fell just over 4% to EUR 2bn in the first nine months of the…
Read moreOil prices fall as market watches possible US supply moves
(Montel) Crude oil was lower early on Friday as market participants kept an eye on possible moves…
Read moreRussian gas flows remain flat, Mallnow arrivals soften
(Montel) Russian gas exports to north-western Europe along three main conduits appeared roughly in line with the…
Read moreEngie hedges 73% of 2022 power output at EUR 54/MWh
(Montel) French utility Engie had hedged 73% of its nuclear and hydropower generation for next year in Belgium…
Read moreCoal demand to underpin freight until mid-2022 – shipbroker
(Montel) Strong coal demand will likely remain a key driver for global dry freight rates until at least…
Read moreGerman power contracts rise in wake of Belarusian threat
(Montel) Contracts along the German power curve traded higher on Thursday, as the effect of continuing Russian gas…
Read moreNordic Dec power hits 2-week high on stronger gas prices
(Montel) Nordic power prices rose on Thursday, with the December contract hitting a two-week high of EUR 67/MWh…
Read moreGO prices strengthen on increased demand
(Montel) Prices for European guarantees of origin (GOs) increased during the week to Thursday on higher demand. …
Read moreGas prices drop amid higher Russian flows
(Montel) European gas prices dropped on Thursday as Russia continued to send gas to Germany, though lower temperatures,…
Read moreOrsted agrees “longest” 25-year wind PPA with BASF
(Montel) Danish energy firm Orsted has signed a 25-year fixed-price corporate power purchase agreement (PPA) – the world’s…
Read moreAsia-Pacific coal prices rise 10% amid supply tightness
(Montel) Pacific-basin benchmark coal prices rose 10% over the past week amid still-tight supply ahead of winter,…
Read moreRWE trading division earnings soar 50%
(Montel) RWE’s supply and trading division posted a 53% jump on an already-strong prior result to earn…
Read moreEDF to be back-up for customers of bankrupt power suppliers
(Montel) French utility EDF will be the emergency supplier to any power customer whose supplier goes bankrupt amid…
Read moreGerman spot power to tumble 12% as wind output rises
(Montel) German day-ahead power prices looked set to fall 12% on Thursday as forecasts pointed to windier…
Read moreRussian gas flows to Europe continue rise
(Montel) Russian gas exports to northwestern Europe along three main conduits continued to climb in the wake…
Read moreGas drops on increased Russia flows
(Montel) European prompt gas contracts fell by more than EUR 5 on Wednesday, as increased pipeline flows from…
Read moreEon curbs year-ahead hedging amid soaring power prices
(Montel) Eon had hedged 74% of its year-ahead nuclear power generation by the end of September at…
Read moreGerman front-month power hits 6-week low with more gas flows
(Montel) Near-term German power contracts fell up to 8% on Wednesday, as pressure on gas prices increased with…
Read moreStatnett admits charger process too slow amid Tesla critique
(Montel) Norwegian TSO Statnett has acknowledged it takes too long to process applications for new electric vehicle charging…
Read moreNordic power futures fall on milder weather, strong wind
(Montel) The Nordic front-month and front-quarter power contracts softened on Wednesday amid milder weather and strong wind…
Read moreGas prices soften amid increased Russian supply
(Montel) European gas prices softened further in early Wednesday trading, as increased flows from Russia raised market…
Read moreEDP targets 1.5 GW of green H2 by 2030
(Montel) Portuguese utility EDP is targeting 1.5 GW of green hydrogen capacity by 2030, it said late on…
Read moreEDF’s revenue from trading jumps 63% in Jan-Sept
(Montel) EDF’s trading arm saw its nine-month revenue jump 63% year on year to EUR 1.1bn due to…
Read moreGerman spot power to inch higher amid wind drop
(Montel) German day-ahead power prices looked set to gain on Wednesday amid expectations of weakening wind output.…
Read moreOil prices rally as US reserve concerns recede
(Montel) Oil prices were rising on Wednesday as the threat of strategic crude reserves being released to the…
Read moreGovernments must fast-track green projects – Iberdola CEO
(Montel) Governments globally should fast-track green infrastructure projects or they could miss decarbonisation targets, said Ignacio Galan, CEO…
Read moreGas, coal weaken with Russian supply gains
(Montel) European gas prices softened on the back of improved supply from Russia on Tuesday, weighing on…
Read moreEU GO exports to UK may slump 70% this year – expert
(Montel) Exports of European guarantees of origin (GOs) to the UK are expected to fall by more than…
Read moreGerman power demand to near pre-Covid levels – BDEW
(Montel) Gross German power use should rise 3% to 561 TWh this year, up from 544 TWh…
Read moreGerman power curve eases with softer gas prices
(Montel) German benchmark power prices eased on Tuesday, tracking losses in gas prices as markets focused on…
Read moreGas front month retreats on Russian supply relief
(Montel) European front-month gas retreated on Tuesday, as returning Russian flows offered hope of boosting storage levels,…
Read moreUK battery developers face capacity challenges – consultant
(Montel) Battery developers competing in the UK’s capacity market are unable to secure long-term agreements because of battery…
Read moreGazprom starts injection plan for European gas storage
(Montel) Russian energy giant Gazprom has begun implementing a plan to inject gas into its depleted European…
Read moreCez hedges 37 TWh of 2022 power output at EUR 54.10/MWh
(Montel) Czech utility Cez had hedged 37 TWh of next year’s power production at an average price of…
Read moreRussian gas flows to Europe on the rise
(Montel) Russian gas exports to northwestern Europe along three main conduits climbed by almost a fifth compared…
Read moreGerman spot power set to surge EUR 39 on low wind, solar
(Montel) German day-ahead power prices looked set to surge around EUR 39, or 24%, on Tuesday and revisit…
Read moreUK to invest GBP 210m in Rolls-Royce small modular reactors
(Montel) The UK government has pledged GBP 210m of investment to develop technology for what would be one…
Read morePossibility of more US supply caps oil’s gains
(Montel) Oil was trading flat on Tuesday as the possibility of more US supply being released to the…
Read moreFrench nuclear sector ready to build new EPRs – EDF
(Montel) France's nuclear sector will be ready to build six new-generation European pressurised reactors (EPR2s) if plans…
Read moreGas supply disappointment drives gains
(Montel) European gas prices gained ground on Monday as relatively low flows from Russia erased hopes of…
Read moreCarbon rises EUR 1 on gas gains but volatility seen ahead
(Montel) European carbon prices rose EUR 1 on Monday supported by gas gains and low wind output, but…
Read moreCoal supply dearth to drive prices higher
(Montel) European coal prices rose sharply in early Monday trading, defying several weeks of losses, as supply…
Read moreGerman Cal 22 gas edges higher with robust gas, cold
(Montel) German front-year power prices continued to edge higher on Monday, as bullish supply fundamentals in the…
Read moreSpain spot power set to gain on more demand as Q1 jumps
(Montel) Spanish spot power prices could rise this week on higher demand and a drop in wind supply,…
Read moreNordic power futures rise on record spot, German power
(Montel) Nordic power futures rose on Monday on the back of strong spot prices, which hit a record…
Read moreOil prices rise on signs of strong demand
(Montel) Oil prices rose on Monday morning amid indications that global demand for crude remains strong.…
Read moreGerman spot power to rise on less wind, rising demand
(Montel) German day-ahead power prices looked set to rise almost EUR 3 on Monday as wind output waned…
Read moreRegulators urge end to wholesale power price restrictions
(Montel) EU countries should drop all explicit caps and floors on wholesale power prices and enable more new…
Read moreRussian gas flows to Europe start week subdued
(Montel) Russian gas exports to northwestern Europe along three main conduits looked poised to deliver only slightly…
Read morePrompt coal jumps on continued tightness
(Montel) Prompt coal prices rose in late Friday trading amid persisting market tightness, although traders said the…
Read moreEDP hedges half its generation to 2025 at EUR 60/MWh
(Montel) Portuguese utility EDP had hedged 50% of its 2022-25 power output at EUR 60/MWh by the end…
Read moreEU green status for gas, nuclear would deter investors – WWF
(Montel) Classifying gas-fired and nuclear power plants as “green” investments in the next update of the EU’s sustainable…
Read moreCarbon prices to remain range-bound after gas divergence
(Montel) European carbon prices would be driven by technical trading but likely remain range-bound in the coming week…
Read morePolish power lobby urges more cautious ETS reform
(Montel) Poland’s PKEE electricity association urged the European Commission on Friday to moderate its plans to reform…
Read moreGas prices rise as Russian supply hopes “empty noise”
(Montel) European gas prices were rising on Friday as uncertainty persisted around a potential ramp-up in Russian…
Read moreFrench plan to start new EPR by 2035 unrealistic – experts
(Montel) French hopes of starting up a new-generation European pressurised reactor (EPR) by 2035 are unrealistic given the…
Read moreNordic front power gains on colder weather, bullish gas
(Montel) Nordic power futures rose on Friday on expectations of cold weather in the region and the…
Read moreNord Stream 2 start-up won’t end gas spike risk – Uniper
(Montel) The launch of flows via the Nord Stream 2 pipeline may not be sufficient to end spiking…
Read moreEurope needs more long-term gas contracts – Uniper
(Montel) Europe needs more long-term gas supply contracts and a diversified supply portfolio to manage the transition to…
Read moreGerman solar rooftop growth to sink by third – lobby
(Montel) Growth in Germany’s solar rooftop capacity looks to decline by a third next year as profitability…
Read moreGerman spot power to strengthen on muted wind
(Montel) German spot power prices on Friday looked set to remain robust as wind production plunges and…
Read moreDiverging CO2 set to see more upside
(Montel) European carbon and gas prices diverged on Thursday, with the former hitting a three-week high and surpassing…
Read moreStatkraft could be forced to buy foreign GOs on Norway exit
(Montel) Statkraft might be forced to purchase GOs from firms outside the country should the new government pull…
Read moreStatkraft trading arm posts EUR 405m loss on huge volatility
(Montel) The trading arm of Norway’s Statkraft posted an operating loss of NOK 4bn (EUR 405m) in the…
Read moreCarbon hits 3-week high at EUR 61.45/t
(Montel) Europe’s benchmark carbon price diverged from sliding gas to hit an almost three-week high of EUR 61.45/t…
Read moreOil prices rise as Opec sticks to December output plan
(Montel) Oil prices were rising on Thursday afternoon as the Opec+ group stuck to a scheduled 0.4m bbl/day…
Read moreVattenfall plans 250 MW H2 electrolyser for fuel plant
(Montel) Vattenfall plans to build a 250 MW electrolyser to create fossil free aviation fuel from green hydrogen…
Read moreFrance to cut red tape to boost solar capacity – ministry
(Montel) The French government plans to simplify administrative procedures to boost solar development, notably on former industrial zones…
Read moreNordic front power extends gains on gas, weather
(Montel) Nordic power futures continued to climb on Thursday amid stronger gas prices and some forecasts indicating…
Read moreStatkraft reverses EUR 314m write-downs on wind, gas plants
(Montel) Norwegian utility Statkraft has reversed previous impairments of EUR 3.1bn (EUR 314m) related to wind and gas…
Read moreGas, nuclear may get conditional “green” status – draft
(Montel) Natural gas-fired and nuclear power plants look set to qualify as “green” investments under certain conditions set…
Read moreVerbund hedges 60% of 2022 output at EUR 62/MWh
(Montel) Austrian utility Verbund had hedged 60% of its planned 2022 hydropower generation at EUR 62/MWh by the…
Read more190 nations and organisations pledge to quit coal
(Montel) A coalition of 190 nations and organisations – including Poland, Vietnam and Chile – has agreed to…
Read moreCarbon rises on strong energy complex
(Montel) European front-month carbon was climbing on Wednesday, helped by an overall strong energy complex. …
Read more“Insane” French peak power price to fall massively – traders
(Montel) Traders expect “insanely overpriced” French peakload power to drop “massively” closer to delivery this winter amid…
Read moreGerman power Cal 22 rises on higher coal, gas
(Montel) German front-year power climbed on Wednesday in line with higher coal and gas prices.…
Read moreHigh gas prices “very justified” – Vitol
(Montel) Current high gas prices are “very justified” due to near-term tightness and the prospect of a…
Read moreUK subsidy caps to fuel renewable PPA growth – consultant
(Montel) The UK market for power purchase agreements (PPAs) is poised for further growth as existing subsidy schemes…
Read moreEurope faces increased gas price volatility – Equinor
(Montel) Europe faces increased gas price volatility over the coming years amid growing intermittent generation capacity and diminishing…
Read moreEU plans EUR 820m boost for green technologies
(Montel) The European Commission, European Investment Bank and Bill Gates' Breakthrough Energy Catalyst have agreed to work together…
Read moreTTF gas edges higher as market awaits Russian flows
(Montel) European gas prices extended the prior session’s late gains on Wednesday morning as a nervous market…
Read moreUK-France cable to operate at reduced capacity to Oct 2023
(Montel) The 2 GW IFA1 interconnector linking France and the UK will operate at capacity reduced by as…
Read moreNordic power futures continue rise on energy rally
(Montel) Nordic power futures continued their rise on Wednesday, mainly in response to an ongoing rally in energy…
Read moreTotalEnergies, Iberdrola eye Norwegian offshore wind
(Montel) TotalEnergies, Iberdrola and Norsk Havvind plan to jointly take part in Norway's tenders for offshore wind, they…
Read moreSpain to auction 1.2 GW grid capacity at coal plant site
(Montel) Spain plans to tender 1.2 GW of grid connection capacity to renewable energy projects at the site…
Read moreGazprom fails to book Q1-Q3 gas transit capacity to Europe
(Montel) Russia's Gazprom refrained from purchasing any gas transit capacity via Ukraine and Poland for delivery over…
Read moreFrance aids industrial power users, gas suppliers in crisis
(Montel) France will pay a EUR 150m advance to some of the country’s biggest industrial power users and…
Read moreGerman spot power to ease with more wind
(Montel) German day-ahead power prices looked set to ease on Wednesday as forecasters tipped wind generation to…
Read moreOrsted’s Q3 offshore wind output drops 28%
(Montel) Danish energy group Orsted generated 2.3 TWh of offshore wind in the third quarter, down 28% from…
Read moreOil prices soften as Opec+ under pressure to pump more
(Montel) Crude oil prices softened early on Wednesday amid an intensification of calls on Opec and its Russia-led…
Read moreGreen H2 cost may near blue H2 around 2030 – Aurora
(Montel) Green hydrogen may approach cost parity with fossil fuel-based hydrogen in some cases by around 2030, Aurora…
Read moreSpain's gas demand rises nearly 3% in October
(Montel) Spanish gas consumption rose by 2.8% year on year in October to 29.6 TWh amid rising demand…
Read moreEnergy use in Germany set to increase 3% this year – Ageb
(Montel) German energy use should rise around 3% this year, based on preliminary data for the first nine…
Read moreEDF fined EUR 0.5m for breach of insider-trading rules
(Montel) France’s CRE energy regulator has fined utility EDF and its trading arm EUR 550,000 for breaching insider-trading…
Read moreNorway may export record gas this year – Gassco CEO
(Montel) Norway may export record volumes of gas this year as it steps up efforts to help plug…
Read moreEstonian, Finnish TSOs sign deal for floating LNG terminal
(Montel) TSOs Elering and Gasgrid Finland on Wednesday signed a cooperation agreement for the joint lease and management…
Read moreSupply fears support gas, carbon slides
(Montel) European gas prices were rising in Wednesday afternoon trading amid persistent concerns of disruption to Russian supply…
Read moreRussian gas flows to Europe start November lower
(Montel) Russian gas exports to northwestern Europe have begun November around 20% lower week on week amid…
Read moreGas prices jump EUR 3 as Russian flows remain subdued
(Montel) European gas prices rose up to EUR 3 on Tuesday due to persistent subdued flows from Russia…
Read moreHydrogen to drive Nordic power demand – TSOs
(Montel) The Nordic region is set for a 65% rise in power demand to 655 TWh by 2040,…
Read moreBelgium closer to nuclear exit on capacity scheme – experts
(Montel) Belgium may be closer to a complete nuclear phase-out in 2025 after it secured nearly 4.5…
Read moreWorld needs 210m tonnes of new LNG supply by 2040 – Cheniere
(Montel) The world will need around 210m tonnes (286bcm) of new LNG supply to meet an anticipated…
Read moreSpanish power generation falls 2.6% in October
(Montel) Spanish power generation fell 2.6% year on year in October to 19.4 TWh amid lower renewables production…
Read moreCO2 price may hit EUR 100 by 2030, squeezing out coal – Axpo
(Montel) Most of Europe’s flexible coal-fired capacity will be pushed out of the power mix by 2030,…
Read moreNordic Q1 power rises EUR 3 on drier, colder weather
(Montel) Nordic power futures rose on Tuesday with the Q1 contract trading EUR 3 higher after falling significantly…
Read moreBP sees gas markets staying tight over winter
(Montel) A global gas shortage that helped boost BP third quarter profits was likely to persist into…
Read moreGas woes direct result of underinvestment – Tellurian
(Montel) The current tightness in global gas supply is closely linked to a lack of investment in…
Read moreSpain gas system stable despite shut GME pipeline – TSO
(Montel) Spain’s gas system is operating “normally” and without supply shortages despite the closure of the 10bcm/year Gaz-Maghreb-Europe…
Read moreGerman spot power to extend gains above EUR 200 on low wind
(Montel) German day-ahead power prices looked set to rise around 8% on Tuesday, extending the previous day’s gains…
Read moreGazprom’s gas exports to Europe rise 10% in Jan-Oct
(Montel) Gazprom's gas exports to Europe rose 10% year on year in the first 10 months of the…
Read moreOil rises on indications Opec won’t further loosen quotas
(Montel) Oil prices were rising on Tuesday on indications producer cartel Opec would stick to existing production quotas…
Read moreCarbon falls EUR 1 amid tumbling gas
(Montel) European carbon prices fell by more than EUR 1 on Monday, breaching anticipated support levels for this…
Read moreGerman lignite output hits 9-month high in October – ISE
(Montel) German lignite power generation rose to 9.31 TWh in October, the highest since January, data from think…
Read moreDanish fund to invest EUR 100bn in renewables by 2030
(Montel) Copenhagen Infrastructure Partners has plans to boost its investments in the renewables sector from EUR 16bn currently…
Read moreAxpo acquires 25% stake in Swiss Green Gas International
(Montel) Swiss energy group Axpo has acquired a 25% stake in renewables developer Swiss Green Gas International…
Read moreGerman front-year power jumps EUR 7 as gas strengthens
(Montel) German front-year power prices were rebounding from last week’s losses, jumping as much as EUR 7 on…
Read moreGerman wind, solar capacity grows 548 MW in Sept
(Montel) Germany added almost 548 MW of wind and solar capacity to the grid in September, data from…
Read moreGas prices jump EUR 9 on Mallnow gas flow stoppage
(Montel) European gas futures jumped as much as EUR 9 on Monday amid a stoppage in Russian…
Read moreTSOs earn EUR 56m in “bottleneck income” from UK-Norway link
(Montel) TSOs National Grid and Statnett have earned EUR 56m in “bottleneck income” during the first month of…
Read moreRenewables in UK power mix reach 20-month high
(Montel) Renewable power sources accounted for nearly 38% of the UK’s power mix in October – the…
Read moreNordic power drifts sideways on mixed signals
(Montel) Nordic power futures were coming off highs seen early on Monday and drifting sideways, as wetter than…
Read moreCoal prices rebound from 3-month lows
(Montel) European coal prices rebounded from last week’s three-month lows in early Monday trading amid a buoyant…
Read moreGerman solar PPA potential is over 3 GW – expert
(Montel) Around 3.6 GW of unsubsidised solar projects could enter the German market by the end of…
Read moreEDF Trading suffers EUR 400m loss – report
(Montel) EDF’s trading unit made a loss of around EUR 400m on a bet that forward prices…
Read moreBelgium secures 4.5 GW in latest capacity auction
(Montel) Belgium has secured 4.5 GW in its latest capacity auction – including two new gas plants totally…
Read moreGerman spot power to soar above EUR 200 as wind output drops
(Montel) German day-ahead power prices looked set to more than double above EUR 200/MWh on Monday as wind…
Read moreOil falls as China releases reserves and on US pressure
(Montel) Oil prices were falling on Monday as China released reserves of petrol and diesel to boost supply,…
Read moreUkraine calls on EU to reject “geopolitical weapon” NS2
(Montel) The head of Ukraine’s state energy company Naftogaz has called on the EU to reject Russia’s Nord…
Read moreG20 nations agree to stop funding coal power overseas
(Montel) G20 nations agreed this weekend to stop funding the use of coal-fired power overseas and also pledged…
Read moreBelgian TSO wins exemption from 70% cross-border rule
(Montel) Belgian TSO Elia has been given a one-year exemption – to 31 December 2022 – from…
Read moreGazprom hits gas storage target early, continues injections
(Montel) Gazprom has hit a target to refill its Russian gas inventories several days ahead of a…
Read moreFirming CO2 defies energy sell-off
(Montel) European carbon prices bucked the trend of plunging fuel contracts on Friday as gas markets continued…
Read moreEni revises gas supply contracts with Gazprom
(Montel) Italy’s Eni and Russia’s Gazprom have signed an agreement to revise the terms of their existing long-term…
Read moreItaly sets out roadmap for new renewable capacity auctions
(Montel) Italy has set out a roadmap for new renewable capacity auctions to accelerate the country’s energy transition…
Read moreGerman Q1 power hits 6-week low as gas, coal prices tumble
(Montel) Near-term German power contracts fell on Friday with prices for gas and coal in anticipation of increased…
Read morePortuguese GO auction prices slump to EUR 0.51/MWh
(Montel) Prices for Portuguese guarantees of origin (GOs) for renewable power slumped almost 50% to EUR 0.50-0.52/MWh at…
Read morePortugal auctions on track despite looming elections
(Montel) The Portuguese government plans to continue with its energy policy and upcoming auctions despite the possibility of…
Read moreOMV begins receiving repayments on Nord Stream 2 loan
(Montel) One of the financial partners of Russia’s contested Nord Stream 2 gas pipeline to Germany has…
Read moreGas prices fall to 5-week low on Russian supply hopes
(Montel) European gas prices dropped to a five-week low on Friday after Russian President Vladimir Putin fuelled hopes…
Read moreCarbon prices set to hold in narrow range near EUR 60
(Montel) European carbon prices will likely hold within a narrow range next week, hovering around EUR 60/t, as…
Read moreNordic November power slides to 3-month low
(Montel) Nordic power futures fell sharply amid wet and mild weather forecasts on Friday, with the November contract…
Read moreSpanish price measures may damage hedging – expert
(Montel) Recent measures passed by the Spanish government to tackle spiralling energy prices looked poised to damage hedging…
Read moreEni doubles 2021 renewables growth estimate to 2 GW
(Montel) Italian energy company Eni has doubled its estimate for renewables growth this year to 2 GW, which…
Read moreRWE generation climbs 17% over Jan-Sept
(Montel) RWE’s electricity production climbed 17% to 118.7 TWh over the first nine months of the year,…
Read morePoland seeks 1 GW solar or wind capacity in December auction
(Montel) Poland is seeking to add a total of roughly 1 GW of solar or wind capacity in…
Read moreGerman spot power to rise next week on lower wind
(Montel) German spot power prices on Friday looked set to gain ground next week amid reduced wind…
Read moreCrude prices flat ahead of Opec+ meeting
(Montel) Crude oil was flat early on Friday ahead of next week’s meeting of Opec+, where producers…
Read moreAustria’s OMV raises 2021 oil, gas price outlook
(Montel) OMV raised its outlook for oil and gas prices for a third time this year and…
Read moreFrench watchdog threatens sanctions over Arenh resale
(Montel) France’s CRE energy regulator on Thursday threatened sanctions against power suppliers for potentially reselling power on…
Read moreSlumping gas drags energy complex lower
(Montel) European energy prices slid across the board on Thursday dragged down by tumbling gas prices, which fell…
Read moreTraders' margining risk struggles may persist into 2022
(Montel) This year’s surge in European energy prices and volatility has boosted margining requirements and risks for traders,…
Read moreGerman front-month power dives EUR 20 as gas sinks
(Montel) Germany’s front-month power contract dived up to EUR 20 on Thursday – a one-month low – amid…
Read moreTotalEnergies sees gas bull run to Q2 amid record profit
(Montel) “Unprecedented” high gas prices are likely to persist until next year’s second quarter barring an “exceptionally mild…
Read moreVattenfall eyes gas exit – CEO
(Montel) Vattenfall aims to cut its gas use sharply to meet its new climate targets, the Swedish energy…
Read moreNordic power to average EUR 40/MWh until 2025 – Modity
(Montel) Nordic spot power will average just below EUR 40/MWh in 2022 and remain around this level until…
Read moreGas prices tumble 10% on Putin statement
(Montel) Gas prices tumbled around 10% on Thursday to their lowest levels in a month amid comments…
Read moreNordic November power sheds EUR 6 on wet spell, sliding gas
(Montel) Nordic November power slumped EUR 6, or more than 10%, on Thursday to its lowest point…
Read moreNewcastle coal index slumps under Chinese pressure
(Montel) The Pacific basin’s benchmark coal index has fallen 18% over the past week, tracking even sharper…
Read moreShell's LNG sales drop 13% in Q3
(Montel) Royal Dutch Shell’s LNG sales dropped 13% year on year to 15.2m tonnes (21bcm) between July…
Read moreGerman spot power eyes EUR 30 drop on more wind, less demand
(Montel) German day-ahead power prices looked set to drop 19% on Thursday as forecasts indicated a pick-up in…
Read moreOil prices soften amid easing concerns about tight supply
(Montel) Crude oil prices extended the previous session’s losses early on Thursday amid easing concerns about supply tightness…
Read moreVattenfall hedges 78% of 2022 Nordic output at EUR 29/MWh
(Montel) Vattenfall had sold 78% of its Nordic power production for 2022 at an average price of EUR…
Read moreBusiness lobbies call for global carbon pricing
(Montel) Global business groups have urged world leaders to “deliver meaningful” reductions in greenhouse gas emissions and “effective…
Read moreGazprom to send more gas to Europe from 8 Nov – Putin
(Montel) Gazprom should focus on refilling its depleted gas storage sites in Europe from 8 November, Russian…
Read moreCoal slides on China output concerns
(Montel) European prices for coal fell on Wednesday, continuing their decline after China said it plans to tackle…
Read moreClimate minister dismissal may harden Polish pro-coal stance
(Montel) A dismissal of Poland's climate minister Janusz Kurtyka a week ahead of the COP26 climate summit could…
Read moreFinnish utility may close 160 MW coal plant 5 years early
(Montel) Finnish utility Helen is considering bringing forward the decommissioning of its 160 MW Salmisaari coal-fired power plant…
Read moreTax curb welcome as profit takes EUR 100m hit – Iberdrola
(Montel) An amendment of Spain’s windfall tax on the country’s power utilities was welcomed on Wednesday by Iberdrola,…
Read moreGerman power front month, Cal 22 fall amid coal, gas drops
(Montel) German power for delivery next month and next year fell on Wednesday amid lower coal and gas…
Read more6 GW of European solar projects face delays – Rystad
(Montel) About half of European solar projects planned for 2022, or 6 GW, risk delay or cancellation due…
Read moreSafety expert casts doubt on French EPR start date
(Montel) France's ASN nuclear safety authority is mulling a report by its technical arm IRSN that casts doubt…
Read moreDanish electrolyser demand could hit 6.6 GW by 2030 – report
(Montel) Power demand from electrolysers in Denmark could swell to 6.6 GW by 2030 if the country becomes…
Read moreFront-month gas slips EUR 4 on improving supply
(Montel) Prompt European gas prices slid EUR 4 to a nine-day low early on Wednesday morning amid…
Read moreSpanish LNG imports rise ahead of Algerian pipeline closure
(Montel) Spain's LNG imports increased this month amid the need to compensate for the expected closure of the…
Read moreNordic power curve slides EUR 3 on wet outlook, weaker fuels
(Montel) Nordic power futures slid up to EUR 3 on Wednesday amid a very wet weather outlook and…
Read moreAurora sees carbon rising 80% on sluggish green policies
(Montel) A continued slow rollout of German renewable energy and unchanged timelines for European coal exits would…
Read moreEquinor increases gas sales to 14.5bcm in Q3
(Montel) Norwegian oil and gas major Equinor increased its gas sales by 0.4bcm year on year in the…
Read moreNS2 passes key hurdle, still faces BNA certification
(Montel) The controversial Nord Stream 2 pipeline has passed a final hurdle in the process towards full certification,…
Read moreSpain approves measures to limit windfall cut
(Montel) Spain approved an amendment on Tuesday exempting projects with fixed price energy contracts from a windfall tax.…
Read moreEU ministers press EC on green status rules for gas, nuclear
(Montel) Several EU energy ministers pressed the European Commission to clarify as soon as possible if nuclear and…
Read moreEC starts checking for gas market abuse
(Montel) The European Commission’s competition department has started collecting data about the EU’s main gas suppliers to check…
Read moreGreenpeace blocks Spanish LNG tanker
(Montel) Greenpeace activists blocked an LNG tanker at a Spanish port in a protest against European dependence on…
Read moreEC sceptical of Spain’s power market reform ideas
(Montel) EU energy commissioner Kadri Simson said on Tuesday that it was unclear how Spain’s proposals to decouple…
Read moreCarbon firms but sees strong resistance above EUR 60
(Montel) European carbon prices edged higher for the fifth consecutive session on Tuesday, although the benchmark contract again…
Read moreBanks shift to subsidy-free renewables as confidence grows
(Montel) Financial institutions are stepping up investments and loans in renewable energy projects without subsidies or even without…
Read moreCapital Energy to supply renewable power to Atletico Madrid
(Montel) Capital Energy has signed a three-year renewable power supply contract with Atletico de Madrid, the Spanish renewables…
Read moreFalck plans new 1.3 GW floating offshore wind plant in Italy
(Montel) Falck Renewables and BlueFloat Energy are planning to jointly develop a 1.3 GW floating offshore wind farm…
Read moreGerman front-month power gains EUR 3 on cold forecasts
(Montel) German front-month power rose more than EUR 3 on Tuesday amid forecasts of cold weather for…
Read moreGreenlab finalises 100 MW Danish H2 electrolyser plans
(Montel) Danish firm Greenlab Skive has finalised plans to build a 100 MW electrolyser for green hydrogen production…
Read moreEuropean gas supply not a concern this winter – Wintershall
(Montel) There is unlikely to be a physical shortage of gas in Europe this winter, though the Nord…
Read moreFrance to decide on new reactors by year end – minister
(Montel) The French government will decide “by the end of the year” whether to build new nuclear reactors,…
Read moreSpain reiterates call for power, ETS market reforms
(Montel) Spain has reiterated its call to reform the power and carbon markets – to help shield consumers…
Read moreUniper to install 12 MW battery storage at hydropower plants
(Montel) German utility Uniper will install two new battery storage systems, totalling 12 MW, at their Bodum and…
Read moreNordic Q1 power jumps EUR 3 on drier forecasts
(Montel) Nordic power futures rose on Tuesday, with the Q1 contract rising more than EUR 3, as the…
Read more9 EU countries reject calls for power market reform
(Montel) Nine EU countries, including Germany, have rejected calls to reform the European power market ahead of an…
Read moreGerman spot power to dive 20% with higher wind output
(Montel) German day-ahead power prices looked set to drop around 20%, or EUR 35, on Tuesday, as forecasts…
Read moreOil trades flat as pending Iran talks cool rally
(Montel) Oil was trading flat on Tuesday as pending talks between the EU and Iran, which could be…
Read moreMinisters set to debate EU response to energy price spikes
(Montel) Energy ministers will debate possible EU responses to soaring prices, including the European Commission’s “toolbox” of measures…
Read moreSpanish LNG imports to jump 69% in November
(Montel) Spain’s LNG imports were set to rise 69% year on year to 25.2 TWh (2.3bcm) in November,…
Read moreVolatility boots speculators out of market – Eon CEO
(Montel) Volatile energy prices are pushing speculators out of the market, said Leonhard Birnbaum, CEO of German…
Read moreGas, coal surge on cold weather outlook
(Montel) European gas and coal prices jumped on Monday on forecast cold weather, while carbon made more modest…
Read moreGalp expects no impact from Spanish emergency measures
(Montel) Galp does not expect any “relevant impact” on its green plans in Spain from emergency measures to…
Read moreFrench TSO backs new nuclear but urges green growth
(Montel) Building new nuclear reactors in France makes economic sense but the country cannot reach carbon neutrality by…
Read moreGerman power front year climbs amid gas push
(Montel) German front-year power continued to inch higher on Monday, pulled up by gains in the gas…
Read moreGerman, French utilities launch cross-border hydrogen scheme
(Montel) A group of eight western European companies has founded an initiative aimed at promoting a regional…
Read moreCoal prices jump EUR 11 on cold outlook
(Montel) European coal prices spiked up to EUR 11 on Monday on the back of colder weather…
Read moreSpanish spot power to fall on more wind
(Montel) Spanish spot power prices could ease this week on a rise in wind supply, while futures were…
Read moreFrench power supplier defaults on payments
(Montel) French power supplier Hydroption has defaulted on payments amid soaring energy prices but is continuing operations…
Read moreNordic power gains on fuels jump, drier outlook
(Montel) Nordic front power contracts rose on Monday amid strong fuels prices, with gas jumping more than EUR…
Read moreGas prices jump EUR 4 on cold forecasts
(Montel) European gas futures jumped EUR 4 on Monday amid forecasts of colder weather for next month,…
Read moreNorwegian trader Eidsbotn Kraft to “shut down” amid losses
(Montel) Norwegian power trading company Eidsbotn Kraft will cease operations by the end of the year after losing…
Read moreEnel's coal-fired output rises 13% in Jan-Sept
(Montel) Enel’s coal-fired power production in Italy rose 13% year on year in the first three quarters of…
Read moreStatkraft signs 3-year French wind PPA with RWE
(Montel) Statkraft has signed a three-year power purchase agreement (PPA) with German rival RWE to manage the…
Read moreGerman spot power to rise on low green output, robust demand
(Montel) German day-ahead power prices looked set to jump on Monday as forecasts indicated lower than usual…
Read moreOil prices extend multi-year highs on tight market
(Montel) Oil prices hit fresh multi-year highs on Monday amid a tight physical market.…
Read moreGazprom's gas sales on auction platform dive in October
(Montel) Gazprom’s sales to European customers via its auction platform have plunged in the first three weeks of…
Read moreGerman Cal 22 power rises with firm energy complex
(Montel) German front-year power prices gained slightly on Friday in line with similarly firm prices in the markets…
Read moreSenior MEP adds to pressure on NS2 approval – Spiegel
(Montel) Germany should deny regulatory approval of Russia’s Nord Stream 2 pipeline unless gas flows to Europe…
Read moreCarbon prices gain but set to remain volatile
(Montel) European carbon prices were higher on Friday but were set to remain volatile next week as the…
Read moreTTF front month inches up as supply remains tight
(Montel) The TTF front month edged higher on Friday amid signs that supply remains tight ahead of…
Read moreBritain’s coal-fired generation soars over 300% in Q3
(Montel) Coal-fired power generation in Great Britain soared 335% year on year to 1.15 TWh in the third…
Read moreGerman spot power set to gain next week with less wind
(Montel) German spot power prices on Friday looked set to rise next week amid less wind generation.…
Read moreNordic power prices drop on wetter, windier outlook
(Montel) Nordic power futures fell sharply for the second day running on Friday, depressed by wetter and windier…
Read moreFrance extends freeze on gas tariff to end-2022
(Montel) France has extended a freeze on regulated gas tariffs to the end of 2022 to mitigate…
Read moreEU leaders back probe of carbon market speculation
(Montel) EU leaders have backed the European Commission (EC) plan to study whether certain carbon market trading behaviours…
Read moreCrude prices fall on demand concerns amid Covid restrictions
(Montel) Crude oil was lower early on Friday on demand pessimism amid ongoing concerns about the effect…
Read morePolish utility informs Berlin of Nord Stream 2 objection
(Montel) Polish energy supplier PGNiG submitted on Thursday its objection to Russia’s Nord Stream 2 gas pipeline…
Read moreGas falls amid mild weather forecasts
(Montel) European gas contracts were falling on Thursday amid revised weather forecasts that saw above-average temperatures continuing into…
Read moreUniper boosts 2021 profits, books hedging loss
(Montel) Germany’s Uniper has raised its 2021 earnings outlook by EUR 250m to EUR 1-1.3bn, mainly due…
Read moreMarket interventions risk raising energy costs – Efet
(Montel) National governments intervening in wholesale energy markets even temporarily in response to high prices risked raising long-term…
Read moreGermany would need 43 GW of gas for 2030 coal exit – lobby
(Montel) Germany would need 43 GW of additional hydrogen-ready, gas-fired power capacity at a cost of EUR 48bn…
Read moreNew Norway minister confirms 4.5 GW offshore wind plans
(Montel) Norway's new centre-left government will proceed with the previous administration's plans for 4.5 GW of offshore wind…
Read moreFrance faces winter power cuts – analysts
(Montel) France faces rotating power cuts this winter, with doubts about nuclear and gas supply fuelling blackout fears,…
Read moreGerman power curve slumps with softer coal, gas
(Montel) German power futures fell on Thursday amid weakness in fuel prices, especially the cost of coal.…
Read moreNorway’s power demand could rise 26% by 2040 – agency
(Montel) Electricity demand in Norway looked set to rise 26% to 174 TWh by 2040, which along with…
Read moreGO prices fall amid higher wind, hydropower output
(Montel) European guarantees of origin (GOs) have lost ground this week on increased wind and hydropower output.…
Read moreNewcastle coal index slides as China flags intervention
(Montel) The Pacific basin’s benchmark coal index pulled back from a record high this week as Chinese…
Read moreGas front month drops amid stable fundamentals
(Montel) European front-month gas prices dropped slightly on Thursday, with prices likely to continue trading sideways amid…
Read moreNordic power retreats on weaker fuels, German prices
(Montel) Nordic power futures fell in line with other energy markets on Thursday, with weather forecasts being largely…
Read moreFrench regulator calls for emergency gas, power suppliers
(Montel) The French government should appoint emergency power and gas suppliers “without delay”, with bankruptcies looming amid soaring…
Read moreGreen H2 to cover 20% of power demand in 2050 – Statkraft
(Montel) Roughly a fifth of Europe’s power demand in 2050 will come from green hydrogen production through electrolysers,…
Read morePolish utility to launch 62 MW solar farm in 2023
(Montel) Polish power utility Energa will launch the 62 MW Wielbark solar farm in northern Poland in 2023,…
Read moreGerman spot power eyes 15% jump as wind output wanes
(Montel) German day-ahead power looked set to rise around 15% on Thursday as forecasts pointed to flagging wind…
Read moreOil prices soften after nudging fresh multi-year highs
(Montel) Crude oil prices traded a shade down early on Thursday amid heightened calls on Opec and its…
Read moreFrench watchdog gives preliminary approval for EPR repairs
(Montel) France's ASN nuclear safety authority has preliminarily approved proposals by utility EDF to fix three defective welds…
Read morePolish plan for single coal firm may delay exit – expert
(Montel) Poland's planned single firm to own and operate the country's 23 GW of coal-fired plants might delay…
Read moreCO2 rebounds with gas gains
(Montel) European carbon prices rebounded from a two-month low on Wednesday as gas rose on weather forecasts and…
Read moreSkyrocketing prices require swift action – industry lobbies
(Montel) Energy-intensive industries called for swift action by the European Council to address skyrocketing energy prices, which…
Read moreAfrican supply will not solve EU gas woes
(Montel) Algerian efforts to guarantee gas supply to Spain this winter could help ease tensions in the market,…
Read moreGerman front-year power jumps EUR 3 with gas, CO2
(Montel) Germany’s benchmark Cal 22 power contract rose more than EUR 3 on Wednesday reacting to gains in…
Read moreGerman balancing rules favour some spot traders
(Montel) Companies that help balance Germany’s electricity system have an unfair advantage over rivals in the intraday…
Read moreNordic futures rebound on German power, fuels
(Montel) Nordic power futures on Wednesday clawed back Tuesday losses in response to bullish German power prices…
Read moreFrance mulls early pay-out of carbon offset aid to industry
(Montel) France is considering an advance of carbon-offset aid to energy-intensive firms amid soaring gas and power prices,…
Read moreAggregators needed in Belgium PPA market – expert
(Montel) Aggregators are needed in Belgium’s power purchase agreement (PPA) market to ease financing for offtakers with weak…
Read moreFinnish-Swedish 800 MW interconnector receives approval
(Montel) The Finnish ministry of economic affairs has granted TSO Fingrid a permit to construct an 800 MW…
Read moreCO2 rebounds near EUR 2 after prior sell-off
(Montel) European carbon prices are rebounding on Wednesday – up near EUR 2 – following the previous session’s…
Read moreFrance could achieve carbon zero without nuclear
(Montel) France could exit nuclear use by 2045 and still reach net carbon neutrality by 2050 but this…
Read moreSwedish wind power investments dry up in uncertain market
(Montel) Investment decisions for new wind farms in Sweden were scarce in the third quarter this year because…
Read moreUK renewable energy company to build 100 MW battery storage
(Montel) UK renewable company Anesco is set to build two 50 MW battery storage units in the country…
Read moreSwedish green steel project wins order from BMW
(Montel) German carmaker BMW has signed a deal with a Swedish firm H2 Green Steel (H2GS) to source…
Read moreGas prices rise on weather, supply fears
(Montel) European gas prices jumped in early Wednesday trading as supportive weather forecasts and concerns of still…
Read moreHigh energy prices wake-up call for future rises
(Montel) Current high energy prices were unrelated to EU climate policies but could be a wake-up call to…
Read moreStrong winds to drive German spot power further down
(Montel) German day-ahead power prices looked set to fall on Wednesday as forecasters tipped strong wind generation…
Read moreGerman Greens leader blasts Nord Stream 2 “blackmail”
(Montel) Germany should resist approving Russia’s Nord Stream 2 gas pipeline until its operators were separate from…
Read moreG7 can “fully decarbonise” electricity supply by 2035 – IEA
(Montel) G7 members should be able to “fully decarbonise their electricity supply by 2035,” putting them on track…
Read moreOil retreats from multi-year highs on US inventory build
(Montel) Crude oil prices edged lower in early Wednesday trading, pulling away from multi-year highs reached earlier this…
Read moreForestalia takes 780 MW in Spanish green auction
(Montel) Green energy developer Forestalia was awarded 780 MW of capacity in Spain’s 3.3 GW renewables auction on…
Read moreCarbon tumbles through 2-month low
(Montel) European carbon prices reached their lowest levels in two months on Tuesday as observers noted mounting…
Read moreCarbon to average EUR 67 in Q4, EUR 60 in H1 – Refinitiv
(Montel) European carbon prices are expected to average EUR 67/t in the fourth quarter and EUR 60/t in…
Read moreGas front month falls but supply concerns curb losses
(Montel) The European front-month gas contract continued to lose ground on Tuesday amid widespread profit-taking, with the sell-off…
Read moreFrance names new head of CNR hydropower firm
(Montel) France has named Laurence Borie-Bancel to replace Elisabeth Ayrault as chairwoman of hydropower producer Compagnie Nationale du…
Read moreNo clarity on winter gas risk before late December – SEB
(Montel) Clarity on whether European gas prices would retreat from elevated levels or “go ballistic” this winter…
Read moreSpain’s annual rooftop solar growth set to double – expert
(Montel) Spain’s annual rooftop solar growth is set to more than double from a previously expected 700 MW/year…
Read moreLightsource BP to build 757 MW solar capacity in Poland
(Montel) Lightsource BP, the renewables arm of energy giant British Petroleum, has partnered with an unnamed Polish firm…
Read moreGerman Q1 power sheds EUR 3 amid gas sell-off
(Montel) The German front-quarter power contract fell EUR 3 on Tuesday, gleaning direction from a sell-off in…
Read moreEurope set to exit coal “very soon” after 2030 – EC analyst
(Montel) Europe was set to see an exit from coal-fired generation “very soon” after 2030 in order to…
Read moreUK reaffirms commitment to offshore wind, green H2
(Montel) The UK government has reaffirmed plans for 40 GW of offshore wind-power capacity and 5 GW…
Read moreCoal barges to Germany reduce cargoes due to low water
(Montel) Coal barges earmarked for German destinations are loading as much as a third below full capacity…
Read moreSpain's move to tackle crisis threatens green progress
(Montel) The Spanish government's measures to tackle spiralling energy prices have halted the development of new green plants…
Read moreChinese coal surges to record USD 300/t on tight supply
(Montel) Chinese coal futures prices have surged to nearly USD 300/t amid cold weather and insufficient domestic…
Read moreSpain PPA demand strong despite regulatory doubts – Acciona
(Montel) Demand for Spanish power purchase agreements (PPA) will continue to prosper despite government intervention in the wholesale…
Read moreEDF told to run safety checks at 54 reactors
(Montel) France’s ASN nuclear safety authority has ordered EDF to carry out safety checks at 54 reactors following…
Read moreLargest floating wind farm (50 MW) starts up off Scotland
(Montel) The “world’s largest” floating offshore wind farm (50 MW) has started up near the Scottish coast, developer…
Read moreNordic power front month, quarter trade flat on wet outlook
(Montel) Nordic power for the front month and quarter dropped in early trade amid a continuing wet weather…
Read moreBHP ramps up coal production by 17%
(Montel) BHP hiked thermal coal production 17% on the year in the first quarter of the 2021-2022…
Read moreGerman spot to plunge almost EUR 90 on surging wind power
(Montel) German day-ahead power prices looked set to plummet almost EUR 90 on Tuesday, as forecasts showed wind…
Read moreOil off highs as economic concerns curb gains
(Montel) Oil was rising on Tuesday but off recent multi-year highs amid economic concerns that highlighted the risk…
Read moreUK government to unveil GBP 10bn green growth plans
(Montel) The UK government later today will announce almost GBP 10bn in investment pledged by companies to support…
Read moreMore than 20% of European gas plants are lossmaking – report
(Montel) More than one-fifth of European gas-fired power gas plants are lossmaking and most of the planned new…
Read moreCoal dives amid profit-taking
(Montel) European front-month coal prices dropped nearly 7% in afternoon trading, following initial gains, amid profit-taking and…
Read moreTurkey’s net zero plans may halt coal investments
(Montel-Foreks) Turkey's newly ratified plans to reach net zero emissions by 2053 could halt further investment in…
Read moreFrance extends gas tariff freeze to July – regulator
(Montel) France will extend a freeze on regulated gas tariffs to July to mitigate the impact of soaring…
Read morePrompt coal prices gain on tight supply
(Montel) European front-month coal prices continued to rise in early Monday trading, buoyed by tight supply and supportive…
Read moreVolatile energy markets to boost short-term PPAs – Pexapark
(Montel) Soaring energy prices and increased volatility will drive demand for short-term power purchase agreements (PPA), the head…
Read moreGas prices soar as pipeline auctions disappoint
(Montel) European gas prices surged by more than 20% on Monday following auction results for pipeline capacity…
Read moreGazprom fails to book extra gas transit capacity via Ukraine
(Montel) Russia's Gazprom has failed to book additional gas transit capacity via Ukraine to European destinations for…
Read moreNordic November, Q1 power gain on cooler weather, less wind
(Montel) The Nordic November and Q1 power contacts gained on Monday, with some forecasts expecting cooler weather…
Read moreBelgium raises offshore wind target to 5.8 GW by 2030
(Montel) The Belgian government has raised its 2030 offshore wind target from 4.4 GW to 5.8 GW,…
Read moreBayWa Re acquires 48 MW Scottish wind farm
(Montel) German renewables firm BayWa Re has purchased the project rights for a 48 MW wind farm located…
Read moreGazprom fills first Nord Stream 2 string with gas
(Montel) Russia’s Gazprom has filled the first string of the 55bcm/year Nord Stream 2 gas pipeline, linking Germany…
Read moreGerman spot power set to plummet as wind output soars
(Montel) German day-ahead power prices looked set to fall EUR 37 on Monday as wind output should more…
Read moreOil hovers at multi-year highs on energy crisis
(Montel) Oil prices were trading at fresh multi-year highs on Monday amid a global energy supply shortage, with…
Read moreIneos to invest EUR 2bn in green hydrogen production
(Montel) UK petrochemicals firm Ineos plans to invest EUR 2bn in green hydrogen production across Europe in the…
Read moreGO market requires real-time verification – report
(Montel) The European guarantees of origin (GO) market needs real-time verification and a stable regulatory framework to thrive…
Read moreFuel prices retreat ahead of gas tender
(Montel) European energy prices dropped on Friday, led by gas which slumped due to forecasts of increased wind…
Read moreGermany should exit coal by 2030 – Greens, SPD, FDP
(Montel) Germany should exit coal-fired power generation by 2030 to meet the country’s climate goals, the Greens, the…
Read moreGas prices fall on outlook for mild weather, more wind
(Montel) European gas prices dropped on Friday as forecasts for rising wind power generation and mild temperatures eased…
Read moreGermany consults neighbours amid NS2 assessment
(Montel) Germany is consulting neighbouring countries amid its assessment over the pending certification of Russia’s Nord Stream 2…
Read moreCarbon prices surge on technicals, gas supply concerns
(Montel) European carbon prices made a late surge on Friday on technical trading and gas supply concerns after…
Read moreRussia fulfilling its gas export commitments – Timmermans
(Montel) Russia is fulfilling its gas supply agreements with the EU and there was no reason to believe…
Read moreNordic power jumps EUR 2 on strong German market, fuels
(Montel) Nordic power futures rose up to EUR 2 on Friday in line with a large discount to…
Read moreLithuania to add 5 GW of renewables by 2030 – TSO
(Montel) Lithuania plans to add 5 GW of renewables capacity by 2030, while mulling clean hydrogen production and…
Read moreNordic power traders fear consequences of surging prices
(Montel) Nordic power traders and analysts are concerned about potential bankruptcies and falling market liquidity if record high…
Read moreGerman renewables capacity to rise to 180 GW by 2026 – study
(Montel) Germany’s renewables capacity should rise to 180 GW by end-2026, with the bulk of growth stemming from…
Read moreFrench regulator boosts surveillance of energy markets
(Montel) France’s CRE energy regulator is strengthening its surveillance of wholesale electricity and gas markets to avoid…
Read moreGerman spot power to fall next week as wind output rises
(Montel) German spot power prices should fall next week, as forecasts show higher wind power generation and…
Read moreOrsted, Ze Pak team up to build offshore wind in Poland
(Montel) Danish energy firm Orsted and Polish utility Ze Pak intend to jointly bid for licences to build…
Read moreCrude prices rise on demand optimism amid switch from gas
(Montel) Crude oil was higher early on Friday on optimism that soaring gas prices will prompt a…
Read morePower bosses urge EU leaders to keep prices market-based
(Montel) Chief executives of big energy utilities including France’s EDF want to keep prices market-based and avoid “short-sighted…
Read moreCarbon firms in range-bound trading
(Montel) European carbon prices climbed on Thursday in range-bound trading, yet the market could see further gains.…
Read moreFront-month gas prices spiral as supply concerns persist
(Montel) European gas contracts jumped across the curve on Thursday, including a EUR 9 rise for the front…
Read moreGerman power Cal 22 leaps EUR 6 on gas rally
(Montel) Germany’s benchmark front-year power contract leapt EUR 6 on Thursday in line with another jump in gas…
Read moreTurkish coal imports drop 14% amid switch to gas
(Montel) Turkish thermal coal imports slipped 14% in August, with sharp declines reported from Russia and Colombia,…
Read moreFinnish firms plan wind, solar, storage hybrid by 2023
(Montel) Finnish renewables developer VSB Uusiutuva Energia and solar power firm Solarigo Systems plan to complete Finland’s first…
Read moreSpanish industrials halt output amid energy price crisis
(Montel) Two Spanish energy-intensive firms have halted production due to Europe’s current energy price crisis, which have…
Read moreGerman 1.5 GW onshore wind tender clears at EUR 57.90/MWh
(Montel) Germany has tendered 1.5 GW of onshore wind capacity with 166 successful bids receiving average subsidy payments…
Read moreNewcastle coal index hits new highs on supply woes
(Montel) Pacific-basin benchmark coal prices extended record highs this week amid severe nearby supply shortages and buoyant…
Read moreOil demand gets boost from soaring gas prices – IEA
(Montel) Global oil demand is rising faster than expected as soaring gas prices have prompted a switch to…
Read moreNordic Q1 power drops to near 2-month low on wet outlook
(Montel) Nordic power fell amid mild and wet weather forecasts on Thursday, with the Q1 contract dropping EUR…
Read moreGreen steel profitable with CO2 at EUR 80-100/t – Hybrit
(Montel) The cost of producing steel from green hydrogen could be equally profitable with that produced from fossil…
Read morePPA prices up 8% with energy crunch
(Montel) European power purchase agreement (PPA) prices rose 8% quarter on quarter due to the energy crisis, platform…
Read moreGerman spot power eyes 19% drop as output rises
(Montel) German day-ahead electricity prices were set to shed 19% at settlement on Thursday amid rising output…
Read moreCrude prices rise on possible gas to oil switch this winter
(Montel) Crude prices rose on Thursday amid expectations soaring gas prices would lead to a switch to oil…
Read moreEC measures to lower energy prices insufficient – Spain
(Montel) A regulatory “toolbox” presented on Wednesday by the European Commission (EC) to address the current energy price…
Read morePutin gives no indication of increasing Russian gas supplies
(Montel) Russian president Vladimir Putin denied Russia is limiting gas supplies to Europe in a bid to drive…
Read moreNorway GO exit won't breach EU rules – government
(Montel) A Norwegian withdrawal from the European guarantees of origin (GO) market system will not violate the…
Read moreFront-month gas gains on low storage, high LNG
(Montel) European front-month gas gained on Wednesday, as low storage levels, high LNG prices and dipping Russian…
Read moreHigh prices an “opportunity” for EDF reform – ministry
(Montel) Record high power prices represented a “once in a cycle” opportunity to realise reform of France’s state-owned…
Read moreNew government wants to pull Norway out of GO market
(Montel) Norway’s new government said it wants to withdraw from the guarantees of origin (GO) market, while it…
Read moreGerman power rises amid strong fuels
(Montel) German power prices continued to rise across all contracts on the EEX amid an increase in gas,…
Read moreOTC gas trading volumes slide 16% in September – Leba
(Montel) Traded gas volumes in European brokered markets fell 16% year on year in September, led by…
Read moreTwo German gas retailers stop selling to new customers
(Montel) At least two German gas providers have stopped taking on new customers for their gas retail business…
Read moreOpec trims 2021 oil demand outlook despite energy squeeze
(Montel) Opec has revised down its global oil demand outlook for 2021, largely due to lower-than-expected consumption levels…
Read moreEC to ask watchdog to probe CO2 trading activities
(Montel) The European Commission will ask the EU’s financial watchdog Esma to examine trading behaviours in the carbon…
Read moreIndia faces blackouts as coal stocks hit 7-year low
(Montel) India is facing the prospect of winter blackouts, with generators priced out of the inflated seaborne…
Read moreNordic power futures rise on strong fuels, German power
(Montel) Nordic power futures rose on Wednesday amid prices increases for fuels and German power, as the wet…
Read moreChinese coal imports jump 76% in September
(Montel) Chinese coal imports jumped 76% on the year in September to a nine-month high of 1.1m…
Read morePolish power output climbs 19% in September – TSO
(Montel) Polish power output surged 19% in September compared with a year earlier, to 14.8 TWh, according to…
Read moreKey Russian coal terminal declares force majeure
(Montel) Russia’s largest coal producer Suek has declared force majeure at its 24m tonnes/year Daltransugol terminal at…
Read moreCold winter would require up to 10% more gas imports – TSOs
(Montel) Europe would need gas imports up to 10% higher than the maximum import volumes of recent years…
Read moreOil prices ease ahead of weekly US inventory data
(Montel) Crude oil prices traded a shade down early on Wednesday as market participates debated the energy crunch…
Read moreGerman spot power set to dip as wind and nuclear output rise
(Montel) German day-ahead power looked set to decline on Wednesday due to an increase in wind and…
Read moreEnergy transition is “too slow” to reach net zero goal – IEA
(Montel) The world is gradually transitioning towards green energy but the pace is too slow to achieve net…
Read moreMacron announces EUR 1bn for new reactors, targets green H2
(Montel) France will invest EUR 1bn by 2030 in developing small modular reactors (SMR) as well as making…
Read moreFrench firms urged: “Buy gas and power now!"
(Montel) Companies should purchase power and gas now for delivery into 2026, despite current high prices, to ensure…
Read moreFuels rise as supply fears prevail
(Montel) Gas and coal continued to rise on Tuesday, as fears of a supply crunch this winter drove…
Read moreGerman front-month power rises on gas, coal gains
(Montel) German front-month power extended recent gains on Tuesday, as European gas and coal continued their rise.…
Read moreGas prices rise in “volatile, unstable” market
(Montel) European prices rose on Tuesday on the back of colder weather forecasts, though the gains were…
Read moreNorway plans EUR 1/MWh tax on onshore wind power production
(Montel) Norway's outgoing government has proposed introducing a tax on onshore wind power production, it said when presenting…
Read moreFrench energy-intensive firms call for “emergency” aid
(Montel) France’s energy-intensive industry needs “emergency measures” to cope with high energy and gas prices without curbing output…
Read moreFocusEconomics hikes 2022 coal price outlook 45%
(Montel) Pacific basin benchmark coal prices could average USD 132.80/t next year, up 45% – or USD…
Read moreAnalysts revise up 2022 US gas price outlook by 21%
(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average US benchmark Henry Hub gas…
Read moreNordic power futures extend losses on wet weather outlook
(Montel) Nordic power futures extended losses early on Tuesday as market participants expected wetter and windier weather…
Read moreLa Nina return could exacerbate coal supply tightness
(Montel) There is triple the normal chance of the so-called La Nina weather pattern occurring this year,…
Read moreGerman spot power set to jump as wind output halves
(Montel) German day-ahead power prices looked set to gain near EUR 30 on Tuesday amid forecasts for…
Read moreOil hovers around multi-year highs as energy crisis persists
(Montel) Oil prices continued to hover around multi-year highs on Tuesday as sky high coal and gas indicated…
Read moreUK raises ETS cost curb measure 7% for January
(Montel) The UK has raised its cost curb measure for emissions certificates – UKAs – by 7% month…
Read moreNord Pool CEO Kari Thorud resigns
(Montel) Kari Ekelund Thorud has resigned as CEO of Nord Pool after three years in the position,…
Read moreCarbon bounces back 2% amid coal power demand
(Montel) European carbon prices traded around 2% higher on Monday afternoon, regaining some of last week’s lost ground…
Read moreSwedish opposition calls for action on power price zones
(Montel) Sweden's centre-right opposition parties have called on the government to act amid widening price differences in the…
Read moreNorway top court rules 544 MW wind farm licence invalid
(Montel) Norway’s supreme court ruled on Monday that the licence for two wind farms in central Norway, with…
Read moreGerman power Cal 22 rebounds with fuels strength
(Montel) German front-year power rebounded from last week’s sell-off on Monday, as a tight global supply picture countered…
Read moreSpanish spot power prices slide on flagging demand
(Montel) Spanish day-ahead power prices looked set to drop this week amid expectations of flagging demand with futures…
Read moreFrench regulator rejects calls to waive Arenh penalties
(Montel) France’s energy regulator CRE rejected calls by six suppliers to waive penalties imposed on them after they…
Read moreNovember coal holds above USD 220 amid tight supply
(Montel) Atlantic basin coal prices resumed their upward path in Monday trading – following a sharp sell-off…
Read moreGas prices soften on windier, milder weather
(Montel) European gas futures were lower on Monday in volatile trading amid forecasts of windier and milder…
Read moreDutch Gate LNG terminal to boost capacity 12.5% by 2024
(Montel) The Gate LNG terminal, in the Netherlands, will increase capacity by 1.5bcm/year, to 13.5bcm, by October 2024,…
Read moreEurope's LNG imports rise 16% to 1.65bcm
(Montel) Seaborne LNG deliveries to key European destinations rose around 16% last week to 1.65bcm, while a…
Read moreNordic power extends sell-off on mild, wet weather outlook
(Montel) Nordic power futures extended last week’s sell-off early on Monday as forecasts indicated wetter, milder and windier…
Read moreUK asset manager, Irish developer plan 1 GW solar, storage
(Montel) UK asset manager Gresham House and Irish renewables developer Strategic Power Projects (SPP) plan a joint venture…
Read moreGerman spot power edges down amid wind boost
(Montel) German day-ahead power prices looked set to ease on Monday, as increasing wind production countered colder…
Read moreCrude rises on supply concerns amid surging energy prices
(Montel) Crude oil rose to fresh multi-year highs early on Monday on supply concerns amid surging prices…
Read moreFew climate benefits in non-green hydrogen – study
(Montel) Only hydrogen produced with renewable energy met eligibility standards under the EU’s renewable energy directive, according…
Read moreFuels sell-off continues after turbulent week
(Montel) European coal and gas prices continued to lose ground on Friday amid ongoing profit-taking after a…
Read moreGermany faces no power shortage despite price spike – TSOs
(Montel) Germany will have enough electricity to meet demand this winter, even though a recent spike in wholesale…
Read moreCarbon EUAs face headwinds as volatility mounts
(Montel) European carbon prices were under growing pressure from the fallout of a surge in energy costs,…
Read moreFront-month gas prices fall on LNG, supply hopes
(Montel) European front month gas prices retreated on Friday amid market expectations that more LNG and Russian…
Read moreMoves to curb energy crisis smack of “panic” – Eurelectric
(Montel) Moves by a number of European governments to curb the current crisis sparked by spiralling energy costs…
Read moreGermany to see windier, milder end to October
(Montel) Colder German conditions in the next fortnight should give way to a milder end to October, with…
Read moreFinnish 1.3 GW offshore wind farm eyes 2028 start
(Montel) Finnish state-owned property manager Metsahallitus is looking for a partner to develop a 1.3 GW offshore wind…
Read moreGas price boom jeopardising industry – Italian lobby
(Montel) A group representing large gas users in Italy has urged the government to take action against the…
Read moreNordic power curve tumbles on wetter weather
(Montel) Nordic power contracts were trading markedly lower on Friday amid improved hydropower stocks and wetter weather forecasts.…
Read morePoland's solar capacity expands to 6 GW
(Montel) Poland added 346 MW of solar capacity in August, raising the country's total capacity to 5,970 MW,…
Read moreGerman spot power to edge up next week as cold hits
(Montel) German spot power prices could climb further next week – after already breaking records this week…
Read moreTTF price rally lures liquidity to exchanges
(Montel) Liquidity on the day-ahead TTF over-the-counter market has fallen to the lowest level in more than six…
Read moreCrude prices rise as US downplays release of reserves
(Montel) Crude oil was higher early on Friday as the US energy department played down indications that…
Read moreParis agreement may hamper Turkish fossil fuel plans
(Montel-Foreks) Turkey has this week adopted the Paris climate agreement, potentially putting a nail in the coffin…
Read moreEDF calls for fixed rates to replace market power prices
(Montel) The EU should introduce fixed power prices for long-term contracts, independent of the wholesale market, to protect…
Read moreCarbon gains ground after sell-off
(Montel) European carbon prices were climbing in a volatile session on Thursday, wiping out earlier losses and bucking…
Read moreEC to revisit joint gas buying, storage rules
(Montel) The European Commission is revisiting the idea of an EU platform for buying natural gas after countries…
Read moreSpain approves lifetime extension of Asco nuclear reactors
(Montel) Spain’s Asco nuclear power plant (2 GW) received final approval from the government on Thursday to…
Read moreGazprom may have more gas for export in November – analysts
(Montel) Russia’s Gazprom is aiming to have completed replenishment of its domestic underground gas storage (UGS) facilities…
Read moreHigh market prices to boost French PPAs – experts
(Montel) Soaring wholesale power prices have prompted a surge in power purchase agreements (PPA) in France, where uptake…
Read moreGerman power curve plummets EUR 170 in see-sawing market
(Montel) Contracts along the German power curve plummeted up to EUR 170 on Thursday after yesterday’s unprecedented rise.…
Read moreGerman power demand to rise to 698 TWh in 2030 – study
(Montel) Germany’s power demand should rise 17% from 2018 levels to 698 TWh in 2030 and to 910…
Read moreGas prices fall as sell-off continues
(Montel) European gas contracts were falling on Thursday morning in an ongoing sell-off triggered when Russian president Vladimir…
Read moreCleared coal futures on Ice jump to 9-month high
(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange surged 48% in September to…
Read moreTSO sees UK winter gas demand slightly down at 49.4bcm
(Montel) The UK will consume 49.4bcm of natural gas this winter, 1.3bcm lower than last winter and marginally…
Read moreNordic Q1 power drops EUR 3 as German prices tumble
(Montel) The Nordic Q1 power contract fell more than EUR 3 early Thursday, extending losses from the…
Read moreCarbon seen tracing bumpy road to EUR 100/t this decade
(Montel) European carbon prices are likely to land somewhere between EUR 80-100/t by 2030, according to some…
Read moreOil prices slip after rise in US crude inventories
(Montel) Crude oil prices traded lower early on Thursday after an unexpected increase in US crude and gasoline…
Read moreGerman spot power eyes EUR 60 drop as supply increases
(Montel) German day-ahead power prices were set to shed over EUR 60 from record highs on Thursday…
Read moreEC warns against ad hoc interventions in carbon market
(Montel) The European Commission warned against intervening in the ETS carbon market to try to mitigate soaring prices…
Read moreEnergy should not become "weaponised" – US energy secretary
(Montel) The US energy secretary is watching Europe’s energy crisis with concern and is “aware” of concerns about…
Read morePutin claims Russia prepared to raise gas exports
(Montel) Russia is prepared to increase gas supply to Europe, if requested and is already likely to…
Read moreECJ dismisses Tempus challenge of Polish capacity market
(Montel) The European Court of Justice (ECJ) on Wednesday dismissed a challenge by the UK’s Tempus Energy against…
Read moreCO2 rally to provide EUR 30bn for EU governments this year
(Montel) European governments will see their revenue from the EU ETS double off pre-pandemic levels this year,…
Read moreEnergy prices plunge on “broken” gas market
(Montel) European energy prices dived on Wednesday after hitting fresh highs, as the gas market erased gains in…
Read moreHigh prices prompt EC to review power market design
(Montel) The European Commission plans to review the EU’s wholesale power market design as part of its response…
Read moreTinkering with ETS has limited impact on power prices – EC
(Montel) Tinkering with the EU’s carbon market would have limited impact on countering soaring power prices, said European…
Read moreGerman power prices tumble after “panic buying”
(Montel) German power futures retreated from contract highs reached earlier on Wednesday, taking a cue from similar moves…
Read moreUK grid can operate without coal from 2025 – TSO CEO
(Montel) The UK’s power system can operate without coal from mid-decade despite the dirty fuel proving vital…
Read morePrompt gas soars to EUR 160 on cold, fewer renewables
(Montel) European day-ahead gas shot up to new records at EUR 160/MWh on Wednesday, as dipping temperatures…
Read moreNord Stream 2 can challenge EU directive – adviser
(Montel) The operator of the Nord Stream 2 gas pipeline is entitled to challenge an EU gas…
Read moreGas is fastest, easiest way to decarbonise – Shell
(Montel) Switching from coal to gas-fired generation is the quickest near-term solution for decarbonisation, while “coordination” was…
Read more5 EU nations urge reforms amid energy price crisis
(Montel) Europe must “reform” its wholesale power market to better reflect national production costs in the price paid…
Read moreTSOs earn EUR 13m “bottleneck income” from UK-Norway cable
(Montel) TSOs National Grid and Statnett have earned EUR 13m in “bottleneck income” so far during commercial trial…
Read moreCarbon prices plunge 7% amid political intervention fears
(Montel) Europe’s benchmark carbon contract fell 7% on Wednesday morning amid mounting concerns exploding power and fuel costs…
Read moreEU ministers win backing for “predictable” carbon prices
(Montel) A group comprising five European finance ministers has proposed to address Europe’s exploding energy costs by ensuring…
Read moreNordic power rises as German prices skyrocket
Nordic power futures closer in rose on Wednesday, with the November contract rising over EUR 1, as…
Read moreIndian blackout threat unlikely to spur coal import spike
(Montel) Indian coal-fired power plant stocks are on average sufficient for just four days’ generation, raising the…
Read moreSpain set to probe drop in green generation
(Montel) The Spanish government has asked the country’s regulator to investigate a drop in renewables generation after emergency…
Read moreGerman power soars past EUR 300 as fuels rally
(Montel) The German power front-month contract soared over 20% on Wednesday, buoyed by an “insane” rally across energy…
Read moreEC to propose tax cuts, PPAs to tackle energy “price shock”
(Montel) Lower taxes and promoting more longer-term power purchase agreements (PPAs) are options the European Commission will present…
Read moreGerman spot power set to hit eye-watering EUR 335
(Montel) German day-ahead power looked set to nearly double from already triple-digit prices and hit an unprecedented…
Read moreOil prices hold near multi-year highs amid “energy crunch”
(Montel) Crude oil prices hovered near multi-year highs early on Wednesday amid supply constraints across the global energy…
Read moreCarbon nears record highs on relentless gas surge
(Montel) European carbon prices staged a late rally on Tuesday boosted mainly by continental gas markets surging to…
Read moreFrance moves to improve acceptance of wind power
(Montel) French energy minister Barbara Pompili on Tuesday set out measures aimed at improving local acceptance of wind…
Read moreGas, coal continue rally amid global shortage
(Montel) European gas and coal prices continued to rise on Tuesday, as the “global scarcity” of the fuels…
Read moreEEX, Nasdaq label European power markets “stressed”
(Montel) EEX and Nasdaq Commodities have labelled European power futures contracts as “stressed” markets due to high volatility,…
Read moreRepsol raises 2030 renewables goal by 60%
(Montel) Spanish energy firm Repsol has raised its renewable power capacity goal by 60%, aiming to have 20…
Read moreIndonesia sets October coal price at a new record high
(Montel) The world’s largest thermal coal exporter, Indonesia, has set its October coal reference price at a…
Read moreGerman power front month soars EUR 55 on tight market
(Montel) German power contracts soared to new records on Tuesday amid a still-tight market, with prices on the…
Read moreSurging fossil fuel prices seen as renewables “opportunity”
(Montel) Surging fossil fuel and power prices should be considered an opportunity to justify renewables and encourage…
Read morePrompt gas spikes above EUR 110 to fresh record
(Montel) Near term European and UK gas prices surged to a fresh record above EUR 110/MWh on…
Read moreCoal soars USD 23 amid supply dearth
(Montel) Front-month European coal prices jumped USD 23 in Tuesday trading to a new multi-year high, as…
Read moreNordic Q1 power jumps EUR 7 on German gains, drier outlook
(Montel) The Nordic Q1 power contract gained more than EUR 7/MWh in early Tuesday trading in response to…
Read moreGerman regulator fines trading firms for market manipulation
(Montel) Germany’s energy regulator BNA has imposed fines on power trading companies Energi Danmark and Optimax Energy –…
Read moreEU seeks temporary, targeted response to high energy prices
(Montel) Rising energy prices need a "temporary and targeted" response that respects the EU's single market and state…
Read moreGerman spot power set to rise on lower imports from France
(Montel) German day-ahead power prices looked set to rise by around EUR 17 on Tuesday amid expectations that…
Read moreDenmark approves permit for operation of NS2 string
(Montel) The Danish Energy Agency has approved the operation of the second string of the 55bcm/year Nord Stream…
Read morePoland urges EC probe of Gazprom gas supply issue
(Montel) Poland has urged the European Commission to probe Russian energy firm Gazprom’s alleged policy of “cutting supply…
Read moreWTI oil near 7-year high as Opec+ sticks to quota plan
(Montel) US oil prices remained near a seven-year high on Tuesday as the Opec+ cartel declined to accelerate…
Read moreExperts question UK plans to go 100% green by 2035
(Montel) UK plans to be “net zero” by 2035 – as announced by business secretary Kwasi Kwarteng –…
Read moreCoal at fresh high as supply concerns linger
(Montel) European coal prices hit fresh record highs on Monday amid ongoing supply shortages, pushing up gas.…
Read moreNord Stream 2 clears one German permission hurdle
(Montel) The controversial Nord Stream 2 pipeline from Russia to Germany has crossed one of the last permission…
Read moreGermany may face capacity gap of over 50 GW by 2030 – Timera
(Montel) Germany could face a power capacity gap of over 50 GW by 2030 if it exits all…
Read moreGreece wants ETS revenues used to mitigate high energy price
(Montel) Greece wants EU environment ministers to discuss using revenues from selling ETS allowances to help mitigate high…
Read moreEurope leads H2 with 40% of global capacity – IEA
(Montel) Europe is leading development of low carbon hydrogen with more than 140 MW of a total of…
Read moreGerman power spirals EUR 13 to new record
(Montel) German front-year power extended its record high on Monday after gaining more than EUR 13 on the…
Read moreSpanish power prices rise on less wind, lofty gas
(Montel) Spanish spot power prices were set to rise this week amid expectations of less wind production, while…
Read moreEU ministers to discuss ETS speculation on Wednesday
(Montel) EU environment ministers are set to discuss speculation in the bloc's carbon market as part of a…
Read moreGas prices near record on cooler weather, supply concerns
(Montel) European gas prices came close to record highs on Monday due to continued global supply concerns…
Read moreShell eyes 700 MW solar development in the UK
(Montel) UK energy giant Shell and UK renewable energy developer Island Green Power have signed a framework agreement…
Read moreNot transiting Russian gas flows to Hungary – Ukraine
(Montel) Ukrainian gas system operator TSOUA on Monday denied reports that it has resumed the transit of gas…
Read moreGerman renewable capacity expands 554 MW in August
(Montel) Germany added 554 MW of renewable capacity to the grid in August, data from the country’s BNA…
Read moreStatkraft acquires 350 MW of wind farms in Germany, France
(Montel) Norway’s Statkraft has acquired the wind portfolio of Breeze Three Energy in Germany and France, accumulating…
Read moreRenewables take 25% share of UK September power output
(Montel) Renewable power sources in September still accounted for around a quarter of UK’s power mix last…
Read moreNordic Q1 power jumps 9% on drier outlook
(Montel) Nordic power futures extended Friday’s gains on Monday, with the Q1 contract rising EUR 6, or 9%,…
Read moreOX2 plans up to 400 MW wind farm in Finland
(Montel) Swedish renewables developer OX2 plans to launch a 150-400 MW onshore wind farm in northwestern Finland by…
Read moreCoal prices soar with supply still tight
(Montel) European coal prices remained at their highest levels in well over a decade amid tight spot…
Read morePortuguese GO auction prices surge to EUR 1/MWh
(Montel) Prices for Portuguese guarantees of origin (GOs) for renewable power produced in 2021 soared 133% to EUR…
Read moreGerman spot power steadies on rising demand and wind output
(Montel) German day-ahead power prices looked set to hold steady on Monday as rising demand offsets more wind…
Read moreEuropean spot power prices turn negative on wind, rain
(Montel) Hourly spot prices hit negative territory across several European markets, including the Nordic region, in the early…
Read moreOil softens ahead of Opec decision on quotas
(Montel) Oil prices were trading softer on Monday, after surging to a three-year high on Friday, ahead of…
Read moreUK power will be 100% green by 2035 – Johnson
(Montel) UK prime minister Boris Johnson is set to reveal a new target that all the country’s electricity…
Read moreGazprom gas exports to Europe jump 16% in Jan-Sept
(Montel) Gazprom's gas exports to Europe rose 16% year on year in the first nine months of the…
Read moreGazprom’s September gas auction sales drop 9%
(Montel) Russian energy firm Gazprom’s gas sales to European customers via auction last month dropped 9% on the…
Read moreCoal jumps to new highs on supply concerns
(Montel) European coal prices jumped to fresh multi-year highs on Friday as the tightness in short-term supplies and…
Read moreFrench suppliers warn of bankruptcies if prices capped
(Montel) French government measures to cap gas and power bills amid soaring wholesale prices will distort competition and…
Read moreFrance may reach early decision on new reactors – minister
(Montel) France could make a decision on the construction of six new generation European pressurised reactors (EPRs) earlier…
Read moreEesti Energia starts assessment of 1 GW wind farm
(Montel) Estonian electricity producer Eesti Energia has started an environmental impact assessment for a planned 1 GW offshore…
Read moreERG to buy 152 MW wind, solar portfolio in France, Germany
(Montel) Italian renewable energy operator ERG has agreed to buy a 152.4 MW renewable energy portfolio in France…
Read moreSpain's gas demand rises 3.6% in September
(Montel) Spanish gas consumption rose by 3.6% year on year in September to about 30.3 TWh on higher…
Read moreEU leaders to discuss energy prices at 21-22 October summit
(Montel) EU leaders will discuss high energy prices at their next summit on 21-22 October, said the European…
Read moreEurope seeks Australian coal amid supply shortfall
(Montel) European coal generators and traders have been seeking coal supplies from ever more distant origins, including…
Read moreEUAs to remain volatile as energy prices soar
(Montel) European carbon prices are expected to see continued volatility next week amid surging energy prices and renewed…
Read moreGermany set for a mild, windy October
(Montel) October was due to see mild and windy conditions in Germany, with minimal chance of a cold…
Read moreGermany sees fuel switch from gas to coal in Q3 – ISE
(Montel) After two years of burning more gas than hard coal during the summer, Germany accelerated coal-fired power…
Read moreSpain tax to cost EUR 3.2bn, curb green transition – experts
(Montel) Emergency measures approved by the Spanish government to curb spiralling power costs could risk the country’s planned…
Read moreNordic power rebounds on slightly drier weather outlook
(Montel) Nordic power futures rebounded on Friday morning as weather forecasts indicated slightly drier conditions for the…
Read moreStatnett CEO plays down winter power shortage risk
(Montel) There is no risk of a power shortage in Norway this winter despite very low hydropower reservoir…
Read moreGas pulls back from EUR 100/MWh in volatile start to winter
(Montel) Benchmark European gas prices on the Dutch TTF hub briefly struck a record high EUR 100/MWh…
Read moreSpanish LNG imports set to double in October
(Montel) Spain’s LNG imports could double year on year to 28.1 TWh (2.5bcm) in October, TSO Enagas said…
Read moreGerman spot power to rise amid less wind, gas surge
(Montel) German spot power prices should rise next week amid lower wind and solar power output and…
Read moreCrude prices fall on possible Opec+ output quota increase
(Montel) Crude oil was slightly lower early on Friday amid the possibility that the Opec+ production group…
Read moreGas remains near highs as cold weather looms
(Montel) European gas contracts were trading near multi-year highs on Thursday, as the prospect of colder weather this…
Read moreGermany to see trend of zero-subsidy wind bids – experts
(Montel) Germany’s most recent offshore wind auction suggested zero-subsidy bids could become a trend amid growing developer confidence…
Read moreSpanish power generation falls 5% in September
(Montel) Spanish power generation fell 4.7% year on year in September to 19.4 TWh amid lower renewables production…
Read moreBarge shortage hampers coal plant supplies
(Montel) A lack of barges continues to hamper supply from northwest European seaports to inland coal-fired plants…
Read moreCO2 sell-off continues on demand concerns, technicals
(Montel) European carbon prices resumed a sell-off on Thursday to approach EUR 60/t amid mounting concerns about…
Read moreSoaring prices boost French nuclear outlook – analysts
(Montel) Soaring energy prices have improved the outlook for the future of nuclear power in France and could…
Read moreSteep coal backwardation highlights dearth – analysts
(Montel) Steep backwardation in the European coal market highlights the severe shortfall in spot cargoes, although it…
Read moreGO prices hit 2-year high on surging demand
(Montel) Prices for European guarantees of origin (GOs) hit a two-year high this week boosted by renewed demand,…
Read moreItaly’s GSE to offer 4.8 GW green capacity in 7th tender
(Montel) Italy’s state-owned energy services company GSE will tender just over 4.8 GW of new renewable energy and…
Read moreNorway to export power to UK as new 1.4 GW link comes online
(Montel) The first day-ahead auction on the new North Sea Link (1.4 GW) cable between the UK and…
Read moreGerman gas market merger to boost liquidity – analysts
(Montel) The merger of Germany’s NCG and Gaspool gas market hubs this week should boost liquidity, although…
Read moreFront-month gas prices extend highs as supply remains tight
(Montel) European front-month gas prices climbed to fresh highs on Thursday amid ongoing concerns about tight supply ahead…
Read moreEnergy transition will bring lower prices for all – Spain
(Montel) The EU's energy transition to climate neutrality will eventually bring lower power prices for all, said Spain’s…
Read moreNordic power prices fall on wet weather
(Montel) Nordic power contracts fell on Thursday on wet weather forecasts and despite soaring German power and gas…
Read moreNewcastle coal index scales new peak over USD 200
(Montel) The Pacific basin’s benchmark coal index has climbed to a fresh all-time high as a global…
Read moreHigher prices expected at Spanish green energy tender
(Montel) Prices at Spain’s 19 October renewable energy auction were likely to clear above those seen in its…
Read moreOil prices soften after large build in US crude stockpiles
(Montel) Crude oil prices traded weaker early on Thursday, following a significant increase in US crude inventories reported…
Read moreGerman spot power falls on strong green output, low demand
(Montel) German day-ahead power prices were set to drop on Thursday as forecasts pointed to robust green…
Read moreNorway to export 6 TWh to UK this winter
(Montel) The new North Sea Interconnector between Norway and the UK could see roughly 6 TWh of exports…
Read moreCarbon range-bound, gas rise continues
(Montel) European carbon prices traded sideways on Wednesday as they came off highs set the day before, yet…
Read morePolitical reaction to gas surge a “serious” concern – Acer
(Montel) The political reaction to Europe’s gas price surge could threaten the 27-member bloc’s internal energy market,…
Read moreCoal boom helps drive freight to new highs – analysts
(Montel) Booming global coal demand has helped to drive the Baltic Dry Index (BDI) – a bellwether…
Read moreNordic players express doubts over hourly tracking of GOs
(Montel) The introduction of hourly tracking of guarantees of origin (GO) may be unnecessarily complicated even if it…
Read moreSpain increases winter LNG reserve targets
(Montel) Spain has increased its mandatory LNG winter reserve from 3.5 to 5.5 days of equivalent consumption amid…
Read moreGerman Cal 22 power rallies amid gas price surge
(Montel) German front-year power continued its rise on Wednesday as gas prices came close to Tuesday’s highs, while…
Read moreMetals firms urge EC to monitor CO2 market, outages
(Montel) The EC should closely monitor outages and surging carbon prices amid the ongoing rally in electricity and…
Read moreHigh energy prices creating toxic political debate – MEP
(Montel) Current high energy prices are an "extremely toxic development" in the EU's political debate on how to…
Read moreDenmark to double power use by 2030 to meet climate target
(Montel) Denmark’s annual electricity demand is set to double to 64 TWh by 2030 to help cut its…
Read moreChina coal import plan to tighten “insane” market – analyst
(Montel) China’s plan to “moderately” increase coal imports to meet heightened demand this winter will potentially further…
Read moreSpain to see low wind and hydropower levels in October – EQ
(Montel) Spain will likely see a continuation of relatively low levels of wind and hydropower generation in the…
Read moreLong-term deals, oil indexation key to gas supply – group
(Montel) The securing of long-term supply contracts, coupled with gas pricing based on oil indexation, is “one…
Read moreNordic Q4 power falls EUR 5 on wetter outlook
(Montel) Nordic power futures fell on Wednesday, with the Q4 contract dropping more than EUR 5 as weather…
Read morePrices jump amid enduring gas supply concerns
(Montel) European gas prices rose sharply in early Wednesday trading, however falling short of Tuesday’s multi-year highs,…
Read moreCut levies, avoid damaging carbon market, urges power lobby
(Montel) National governments should cut taxes and levies on electricity and avoid measures that jeopardise the EU emissions…
Read moreMallnow gas flows recover but below expectations
(Montel) A recovery of Russian gas flows through the Mallnow entry point into Germany fell short of…
Read moreBrent crude retreats from 3-year high on inflation fears
(Montel) Crude oil prices slumped early on Wednesday as concerns about rising inflation and faster monetary policy tightening…
Read moreGerman spot power drops EUR 23 as renewables jump
(Montel) German day-ahead power prices looked set to tumble on Wednesday amid forecasts for stronger renewable generation,…
Read moreCarbon falls EUR 2 in late trade after fresh record high
(Montel) European carbon prices erased early gains and ended Tuesday’s session over EUR 2 down on profit-taking in…
Read moreAdriatic LNG offers 1.6bcm/year capacity for regasification
(Montel) Adriatic LNG has invited market operators to submit offers for long-term LNG regasification capacity at Italy’s largest…
Read moreUS coal exports tentatively resume following Hurricane Ida
(Montel) Coal exports from one of two US Gulf Coast terminals hit by Hurricane Ida damage in…
Read moreGas price risks skewed to upside this winter – Refinitiv
(Montel) European gas prices are more likely to extend record highs than tumble in the coming weeks,…
Read moreSome French energy firms fail to supply clients – regulator
(Montel) Some French energy firms are “no longer managing to supply their clients” due to soaring energy prices,…
Read moreCO2, gas hit new highs as markets “on fire”
(Montel) European carbon, gas and oil markets rose to new highs on Tuesday, with the gas and oil…
Read moreFrench reactors in "worst performance in decades" – report
(Montel) France’s fleet of reactors, Europe’s biggest, delivered their “worst performance in decades” last year, as outages spiralled…
Read moreHigh prices won’t derail German coal exit auctions – Enervis
(Montel) Germany’s fourth auction to close coal-fired power plant capacity is likely to be competitive despite record…
Read moreGlobal oil demand set to plateau after 2035 – Opec
(Montel) Global oil demand looks set to level off after 2035, as industrialised nations accelerate the transition to…
Read morePortugal grants aid to 34 MW green gas projects
(Montel) Portugal has awarded EUR 34m to 13 renewable gas projects with a total capacity of 34 MW,…
Read moreGerman power soars to new high on gas, CO2 bull run
(Montel) German front-year power soared near EUR 5 to a new high on Tuesday amid a continued bull…
Read moreSpanish spot power climbs to new high, forwards top EUR 200
(Montel) Spanish spot and forward power prices extended recent highs on Tuesday, with futures soaring past EUR 200/MWh,…
Read moreGas prices skyrocket to new highs on Russia supply “panic”
(Montel) European gas prices skyrocketed EUR 7 to new highs on Tuesday amid a halving of Russian…
Read moreCapital Energy, biotech firm sign 5-year Spanish wind PPA
(Montel) Capital Energy has signed a five-year power purchase agreement (PPA) with biotech company ADL BioPharma to supply…
Read moreDanish power trader Yggdrasil plans to expand EU operation
(Montel) - Danish trading firm Yggdrasil Commodities plans to expand its European power trading operations over the next…
Read moreNordic power futures rebound 5% on strong fuels, carbon
(Montel) Nordic power futures surged nearly 5% on Tuesday morning amid buoyant fuel markets and a fresh…
Read moreMallnow gas flows from Russia halve on Tuesday
(Montel) Physical flows of Russian gas through the Mallnow entry point into Germany fell by more than…
Read moreCarbon extends record high on energy rally
(Montel) European carbon prices hit a record high on Tuesday for the third consecutive day of trading amid…
Read moreStatkraft sells Scottish wind farm for GBP 121m
(Montel) Norwegian power producer Statkraft has sold its 36 MW Andershaw wind farm in Scotland to infrastructure fund…
Read moreGerman spot power to fall 8% as wind output surges
(Montel) German day-ahead power prices looked set to fall around 8% on Tuesday, as forecasts showed wind output…
Read moreOil exceeds USD 80/bbl on signs of global supply crunch
(Montel) Oil prices exceeded USD 80/bbl for the first time in three years on Tuesday amid indications of…
Read moreTSO flags security of power supply issue in S Norway
(Montel) Norwegian TSO Statnett has warned of a “pressed” security of supply situation in the NO2 and NO5…
Read moreHungary, Russia sign gas deal for 4.5bcm a year
(Montel) Hungary has signed a 15-year supply deal with Russia to buy 4.5bcm of gas per year, with…
Read moreBASF cuts ammonia production amid high gas prices
(Montel) German chemicals company BASF has curtailed output at two ammonia plants in Germany and Belgium due to…
Read moreUKA gains may trigger December cost containment mechanism
(Montel) The September price rally for UK Allowances (UKAs) is raising the risk of the cost containment mechanism…
Read moreHigh prices may boost solar PPAs in Sweden – experts
(Montel) A recent surge in local power prices in Sweden could drive demand for long-term power purchase agreements…
Read moreGerman front-year power spirals EUR 5 to new record
(Montel) German front-year power spiralled near EUR 5 to hit a fresh record high on Monday as European…
Read moreGerman election delivers mixed reform outlook – experts
(Montel) The tight German election victory by the Social Democrats (SPD) offers only mixed prospects for an…
Read moreFront-month gas jumps EUR 4 as supply conerns persist
(Montel) European front-month gas jumped EUR 4 on Monday as seasonal supply concerns fuelled bullish sentiment despite indications…
Read moreSpanish spot power soars as front year extends highs
(Montel) Spanish spot power prices were set to rise this week amid expectations of less wind production and…
Read moreTight coal market to extend 13-year highs
(Montel) European coal prices surged to their highest levels in 13 years, as favourable generation margins and…
Read moreNordic front power slides EUR 1 on wet outlook
(Montel) Nordic front power contracts fell around EUR 1 on Monday as wet weather was expected during the…
Read morePower market volatility spurs longer term hedging – EEX
(Montel) Volatility in the power markets has led to longer term hedging in recent years, with some participants…
Read moreCarbon surges to new high amid energy’s bull run
(Montel) Europe’s benchmark carbon price hit a new record high on Monday – after surpassing EUR 64/t late…
Read moreGerman spot power to jump EUR 16 as wind output halves
(Montel) German day-ahead power prices looked set to jump almost EUR 16 on Monday, with wind output forecast…
Read moreOil hovers around 3-year high on supply tightness
(Montel) Crude was hovering around a three-year high amid an ongoing tightness in supply, while a rally in…
Read moreGerman SPD vows to tackle climate change after narrow win
(Montel) Germany's Social Democrat party (SPD) has narrowly won the country's general election – according to preliminary results…
Read moreGas pares losses as carbon climbs
(Montel) European gas contracts pared early losses on Friday afternoon as a supportive carbon market put them…
Read moreLatvia to take legal action over Lithuanian power boycott
(Montel) Latvia is planning to take legal action over a recent decision by neighbouring Lithuania to cut physical…
Read moreGerman gas provider stops deliveries amid price surge
(Montel) German gas provider Deutsche Energiepool has stopped delivering gas to its customers amid soaring prices for the…
Read moreGerman power front year rises on bullish coal and carbon
(Montel) Germany’s front-year power contract gained nearly EUR 1 on Friday amid rising fuel and carbon prices.…
Read moreUnhedged energy retailers most vulnerable to price spikes
(Montel) A surge in gas and power prices across Europe is threatening the solvency of smaller energy retailers…
Read moreGas prices rise as fundamentals remain bullish
(Montel) European gas prices rose on Friday, as the overall fundamental market situation remained bullish amid low storage…
Read moreEUAs seen consolidating in tight range
(Montel) European carbon prices are expected to consolidate in a tight range next week awaiting fresh developments that…
Read moreEnefit Green plans 75 MW Lithuanian wind farm
(Montel) Estonian renewables firm Enefit Green will build a 75 MW onshore wind farm in Lithuania, it said…
Read moreItaly August power demand rises 3% to 26.8 TWh on year – TSO
(Montel) Power demand in Italy rose nearly 3% year on year to 26.8 TWh in August and was…
Read moreMild, windier weather forecast for Germany in October
(Montel) Germany should see predominantly mild weather next month, with wind production steadily strengthening, forecasters said in four-week…
Read moreSweden ups transmission capacity but more cuts possible
(Montel) Swedish TSO Svenska Kraftnat will increase available power transmission capacity on a number of its interconnectors from…
Read moreGerman spot power to rise next week amid muted wind
(Montel) German spot power prices should edge higher next week amid continued below-normal wind, slightly cooler temperatures…
Read moreGerman election polls point to stiffer climate action
(Montel) Germans will choose a new government this Sunday in an election set to produce a range…
Read morePolish wind output hits new high at 5.9 GW
(Montel) Polish wind power output hit a record high of 5,947 MW on Thursday at 21:00 CET, according…
Read moreCrude prices near 3-year high on supply concerns
(Montel) Crude oil approached a three-year high early on Friday, as concerns about supplies resulting from US…
Read morePolish miner plans up to 0.9 GW of nuclear capacity
(Montel) Polish copper miner KGHM has signed a deal with US firm NuScale Power to develop and build…
Read moreCoal hits multi-year highs on supply worries
(Montel) European coal prices extended recent multi-year highs on Thursday amid supply concerns and lingering support from the…
Read moreEU offshore wind to expand at “rapid pace” to 2030 – Rystad
(Montel) Offshore wind was expanding at a “rapid pace” in Europe, with most countries with a coastline planning…
Read moreWind GOs edge higher amid diminished output
(Montel) European wind guarantees of origin (GO) prices inched up over the last week amid healthy demand and…
Read moreSpot gas continues fall on improving supply, wind
(Montel) European spot gas prices continued their fall on Thursday amid expectations of increased supply and robust…
Read moreGerman front-year power rebounds with carbon, strong coal
(Montel) German front-year power lost up to EUR 2.24 on Thursday in early trading amid lower gas prices…
Read moreTurquoise H2 cheaper, more efficient than green – Gazprom
(Montel) Russia’s Gazprom considers the production of turquoise hydrogen from imported natural gas in Europe a cheaper, more…
Read moreUK’s increased coal burn unlikely to delay closures
(Montel) The UK’s heightened dependence on coal this month to meet power supply requirements seems unlikely to…
Read moreCoal logistics constraints threaten power plant supply
(Montel) Tight spot coal availability, strong demand and limited logistics capacity are threatening some supplies to German…
Read moreNordic front power dives EUR 4 on wet outlook
(Montel) Nordic power for October and Q4 dived more than 5%, or EUR 4, on Thursday morning amid…
Read moreNewcastle coal prices near all-time high
(Montel) The Pacific basin’s benchmark coal index gained another 3% this week to bear down on its…
Read moreFrance will not raise Arenh to combat price hikes – minister
(Montel) France will not seek to raise the volume of nuclear power sold at the Arenh rate to…
Read moreWind meets 50% of beleaguered UK power output
(Montel) Wind power has returned with a vengeance to the beleaguered UK power mix, meeting more than…
Read moreLess wind, solar drive German spot power back above EUR 100
(Montel) German day-ahead power prices rose on Thursday as forecasts pointed to a retreat in especially strong…
Read moreBrent crude oil prices rise to 10-week high
(Montel) Brent crude oil prices rose to their highest since mid-July on Thursday morning, largely thanks to a…
Read moreEC to publish policy toolbox to tackle high energy prices
(Montel) The European Commission plans to publish a “structured toolbox” to help national governments react to high power…
Read moreCoal resumes uptrend on tight supply
(Montel) European coal prices recovered ground in Wednesday afternoon trading, following profit-taking earlier in the session, as…
Read morePower, gas price surge forces French industry output cuts
(Montel) Surging wholesale power and gas prices have forced some industrial firms in France to slash output while…
Read moreGas volatility drives traders to exchange trading – EEX
(Montel) Recent extreme volatility on the gas market has driven traders to shift volumes away from OTC to…
Read moreGas to remain vital in energy transition to 2040 – Rystad
(Montel) Europe would need to rely on natural gas as part of its ongoing energy transition up to…
Read moreGerman green hydrogen output may top 44 TWh – study
(Montel) Germany’s potential annual green hydrogen production could exceed 44 TWh if it expanded offshore wind capacity…
Read moreUK allocates GBP 200m to fund industry emissions cuts
(Montel) The UK government has announced investment of GBP 200m to help energy intensive companies cut their use…
Read moreGerman power curve dives EUR 6 on weaker gas, high wind
(Montel) German curve contracts dived up to EUR 6 on Wednesday driven by lower gas prices and forecasts…
Read moreMild winter would rebalance gas market – IEA
(Montel) A mild to normal winter would ease a supply squeeze in Europe’s gas markets and rein in…
Read moreItaly won't reach 2030 renewable target until 2090 – lobby
(Montel) Italy will fail to reach its 2030 renewable capacity target before 2090 unless it completes new green…
Read morePortugal unveils plan to curb soaring energy prices
(Montel) Portugal has announced an EUR 815m plan to curb spiralling energy prices.…
Read moreEnergy ministers to discuss response to high prices
(Montel) EU energy ministers plan to discuss the recent price rises for electricity and natural gas at an…
Read moreChina’s low coal stocks will buoy global prices – producer
(Montel) China will continue to face low coal stocks ahead of winter, spurring demand for imports and…
Read moreNordic October power plummets EUR 8.70 on fuels sell-off
(Montel) Nordic front-month power plunged 11%, or EUR 8.70, to EUR 69.70/MWh on Wednesday, depressed by a general…
Read moreUS fails to respond to coal price surge – exporter
(Montel) US thermal coal exports will likely remain close to 2019 levels this year as challenges to…
Read moreExperts dismiss call to reduce Norway power exports
(Montel) Norway’s new government would face legal and political obstacles to curb power exports if the aim was…
Read moreGerman spot power to dive EUR 63 as wind power triples
(Montel) German day-ahead power prices looked set to plunge on Wednesday amid expectations of soaring wind power…
Read moreOil prices rise amid further signs of tightening US supply
(Montel) Oil prices rose around 1% early on Wednesday after US industry data suggested a further tightening of…
Read moreGas drives dip in energy complex
(Montel) European energy prices dipped on Tuesday, driven by a decline in gas amid low demand and market…
Read moreSpanish measures may hit investor confidence in power sector
(Montel) Emergency government measures in Spain to tackle rising prices could hit investor confidence in the power sector,…
Read moreEnergy price rises need detailed analysis – EC
(Montel) The recent energy price rises need detailed analysis before talking about solutions, a senior European Commission official…
Read moreEurope has 49 GW of excess fossil fuel capacity – report
(Montel) Europe could retire 48.8 GW of excess fossil fuel capacity across its power plant fleet without…
Read moreGerman front-year power rises as gas surge continues
(Montel) German front-year power rose on Tuesday as a current surge in the European gas market continued, though…
Read moreGerman lignite plants may be unprofitable by 2030 – study
(Montel) Lignite-fired power plants in eastern Germany could become unprofitable by 2030, eight years ahead of the nation’s…
Read moreHigh UK power prices show need for cleaner energy – Ember
(Montel) Soaring electricity prices in the UK underline the need for it to drop its reliance on fossil…
Read morePrompt gas prices extend gains on dour flow outlook
(Montel) European gas contracts extended the previous session’s 10% surge on Tuesday morning as market participants digested…
Read moreLNG demand may soar 91% by 2040 – Rystad
(Montel) Global LNG demand could soar 91% by 2040, from current levels, led by an anticipated surge…
Read moreNordic October power jumps as hydropower supply worsens
(Montel) Nordic near-term power futures continued to gain on Tuesday, as dry weather forecasts indicated a tightening…
Read morePipeline auctions cloud outlook for gas flows to Europe
(Montel) Disappointing bookings for pipeline capacity via Ukraine and Poland have raised the risk of a significant…
Read moreGerman spot power set to fall on higher green output
(Montel) German day-ahead power prices looked set to shed around EUR 1 on Tuesday, as forecasts showed rising…
Read morePoland refuses to halt mine supplying 2 GW Turow plant
(Montel) The Polish government is refusing to halt a lignite mine that feeds utility PGE’s nearby 2 GW…
Read moreCoal market to remain tight this winter – Noble
(Montel) The global coal market is likely to remain tight over the winter months as high gas…
Read moreRWE mulls appeal to refusal of Belgian 920 MW gas plant
(Montel) German utility RWE may appeal a decision by the Flemish energy minster to deny the company…
Read moreOil prices fall amid China economic concerns
(Montel) Oil prices were falling on Tuesday amid concerns over slowing economic growth in China, highlighted by a…
Read more“No question of lights going out” – UK minister
(Montel) The UK has “sufficient capacity” to meet energy demand this winter with “no question of the lights going out”,…
Read moreSpain warns power price surge could derail EU green plans
(Montel) The current rally in power markets could threaten the EU’s decarbonisation plans, the Spanish government said on…
Read moreCO2 erases early losses on energy gains
(Montel) European carbon prices rose on Monday after trading most of the session in negative territory, supported by…
Read moreFrance urged to boost Arenh supply to prevent price hike
(Montel) France should raise the amount of nuclear power sold at the EUR 42 Arenh rate to 150…
Read moreECJ fines Poland on refusal to halt lignite mine
(Montel) The European Court of Justice on Monday fined Poland EUR 0.5m a day for ignoring its order…
Read moreOrsted, Uniper sign deal on German green hydrogen plans
(Montel) Energy companies Orsted and Uniper have signed a memorandum of understanding to develop large-scale hydrogen projects that…
Read moreGas prices soar EUR 7 as Gazprom failure stokes fears
(Montel) European gas prices jumped nearly EUR 8 on Monday – though remained off record highs hit last…
Read moreGerman gas storage may top 90% by early November – lobby
(Montel) German gas storage may reach more than 90% of capacity by early November despite current low levels,…
Read moreGazprom fails to book extra gas transit capacity via Ukraine
(Montel) Russia's Gazprom has failed to book additional gas transit capacity via Ukraine to European destinations for…
Read moreGerman power curve rises as gas rally shows no let-up
(Montel) German curve contracts rose on Monday as the gas rally showed no let-up with fuel prices up…
Read moreNorway to increase gas production by 2bcm
(Montel) Norwegian energy company Equinor and its partners will increase gas production from the Oseberg and Troll…
Read moreSupply concerns underpin coal prices
(Montel) European coal prices began the week on a timid note but remained close to recent multi-year…
Read moreSpanish windfall tax risks 4 GW green goal – Naturgy
(Montel) Spanish utility Naturgy said the firm’s plan to build 4.2 GW of green capacity domestically was…
Read moreNordic power futures rebound on drier outlook
(Montel) Nordic power futures prices rose on Monday as a drier weather outlooked coupled with buoyant spot and…
Read moreUK asset manager acquires 57 MW energy storage project
(Montel) UK asset manager Gore Street Energy Storage Fund has increased its portfolio to 577 MW following the…
Read moreGermany’s Rewe signs 10-year PPA with Orsted
(Montel) German food retailer Rewe has signed a 10-year power purchase agreement (PPA) with Denmark’s Orsted for supply…
Read moreVattenfall to quadruple wind, solar capacity by 2030
(Montel) Swedish energy group Vattenfall plans to quadruple its wind and solar capacity by 2030 in a bid…
Read moreOil falls on stronger dollar, returning US supply
(Montel) Oil prices were falling on Monday – extending losses from the prior session – as the US…
Read moreUK energy firms in crisis talks over soaring prices
(Montel) UK energy firms are to hold crisis talks with the government on Monday amid soaring energy prices…
Read moreGas rebounds amid “unprecedented volatility”
(Montel) European gas prices were rebounding on Friday amid “unprecedented volatility” in the market with sharp losses seen…
Read moreMEP leading carbon border tax debate wants wide scope
(Montel) The Dutch MEP picked to lead the European Parliament’s debate on the carbon border adjustment mechanism (CBAM)…
Read moreGermany to slowly add renewables to “redispatch 2.0” – TSO
(Montel) Germany’s new "redispatch 2.0" mechanism to ease grid bottlenecks will only gradually integrate the country’s massive renewables…
Read moreGerman front power falls further amid more wind, lower gas
(Montel) German power for delivery next month and next year dropped on Friday, as higher wind power generation…
Read moreGas rally may extend German coal burn into winter
(Montel) German power plants looked set to continue burning coal into winter if gas prices remained at current…
Read moreCarbon eyes EUR 60/t as option expiry looms
(Montel) European carbon prices would likely gravitate towards EUR 60/t next week under influence of expiring options…
Read moreTTF gas prices rise amid concerns about Russian supply
(Montel) European gas prices rose on Friday amid market concerns that Russia’s Gazprom would book no additional…
Read moreEpex may raise UK day-ahead power price cap
(Montel) European power exchange Epex Spot may raise the GBP 3,000 price cap for the UK’s wholesale day-ahead…
Read moreNordic power continues sell-off on wetter weather outlook
(Montel) Nordic power futures extended the previous day’s slide on Friday morning as forecasts for wetter weather eased…
Read moreUniper mulls restarting 160 MW Bavarian pump storage unit
(Montel) German utility Uniper is assessing a restart of its idled Happurg pump storage unit (160 MW), with…
Read moreWave of consolidation seen for small French power suppliers
(Montel) Spiralling wholesale power prices will trigger a wave of consolidation among France's independent power suppliers, drastically reducing…
Read moreGerman spot power to ease from records next week
(Montel) German spot power prices looked set on Friday to pull back from recent records to average…
Read moreEnea’s power output jumps 18% in H1 to 12.2 TWh
(Montel) Polish state-run utility Enea generated 12.2 TWh from its mainly coal-fired fleet in January-June, 18% more than…
Read moreCrude prices fall on returning output in Gulf of Mexico
(Montel) Crude oil was slightly lower early on Friday, as Gulf of Mexico production facilities gradually returned…
Read moreAustria will be major power exporter from 2030 – analysts
(Montel) Austria will flip from its present electricity import dependence to become a major exporter under its…
Read moreEuropean gas contracts continue to correct lower
(Montel) European gas prices were falling in Thursday trading as contracts across the curve continued to correct lower.…
Read moreItaly to build new 300 MW Austria interconnector by 2023
(Montel) Italian TSO Terna is planning to build a new 300 MW interconnector with Austria, which will become…
Read moreGreen group objects to Nord Stream 2 permit
(Montel) German environmental group DUH has objected to a decision by the country’s federal maritime agency (BSH)…
Read moreGerman front-month power plunges as much as EUR 12
(Montel) Germany’s front-month power contract dived as much as EUR 12 on Thursday as windier, milder weather forecasts…
Read moreFrance selects 10 bidders for 1st floating wind farm
(Montel) France has selected 10 candidates, including energy firms EDF, Total, Engie, Vattenfall and Shell, to build Europe’s…
Read moreSpanish measures could slow green power growth – lobbies
(Montel) Some renewable energy plants in Spain may have to shut down in autumn and winter as emergency…
Read moreGO prices soar amid rising power, less supply
(Montel) Prices for European guarantees of origin (GOs) continued to rise this week amid buoyant power markets and…
Read moreNorway regulator approves trading licence for UK link
(Montel) Norway’s energy regulator has granted Nord Pool a one-year licence to organise cross-border trading between Norway and…
Read moreGas prices slide in correction as volatility reigns
(Montel) European gas prices slid nearly EUR 9 on Thursday before reversing some of their losses, correcting…
Read moreNorway cable curbs UK power prices – Volue
(Montel) Power flows to the UK from Norway on the new 1.4 GW North Sea Link (NSL) interconnector…
Read moreUK day-ahead power drops sharply, with lower gas
(Montel) UK day-ahead power prices dropped sharply on Thursday as the prospect of higher wind generation, more…
Read moreNordic power futures dive EUR 8 on weaker German prices
(Montel) Nordic power futures fell significantly on Thursday, with the October and Q4 contracts dropping more than EUR…
Read moreItalian PPAs may need a few more years to thrive – experts
(Montel) The Italian power purchase agreement (PPA) market may still need a few years to thrive despite new…
Read moreExchanges raise margin calls in volatile power market
(Montel) Exchanges Nord Pool and Nasdaq have demanded more collateral from their members amid a recent surge in…
Read moreAsia-Pacific coal prices extend multi-year highs
(Montel) Pacific-basin benchmark coal prices have again achieved fresh 13-year highs, with no sign of Chinese import…
Read moreUK’s Drax plant brings back coal-fired units
(Montel) UK independent generator Drax will again operate its coal-fired units this week, after announcing <a href="/News/Story.aspx?id=1201538&highlightCsv=">an…
Read moreEDP signs 15-year green PPA with Procter & Gamble
(Montel) EDP has signed a 15-year power purchase agreement (PPA) with US multinational Procter & Gamble for the…
Read morePolish minister opposes plan for single coal plant entity
(Montel) Poland should not merge all coal-fired plants in one entity, as the plan would not be accepted…
Read moreGerman spot power to weaken as solar output rises
(Montel) German day-ahead power prices on Thursday looked set to fall from recent highs as stronger solar…
Read moreOil prices hold steady amid demand optimism
(Montel) Oil prices traded a shade firmer early on Thursday amid hopes of robust demand growth next year…
Read moreUK-France cable to remain at half capacity until March
(Montel) The 2 GW IFA1 interconnector linking France and the UK will operate at half capacity until…
Read moreCarbon trades sideways as gas surges
(Montel) European carbon prices moved sideways in Wednesday trading amid little buying interest, ignoring sharp gains in…
Read moreH2 pipeline transport cost similar to natural gas – TSO
(Montel) The cost of transporting hydrogen through pipelines around Europe would be similar to natural gas, a TSO…
Read moreOTC gas trading volumes drop 4% in August – Leba
(Montel) Traded gas volumes in European brokered markets fell 4% year on year in August, spearheaded by…
Read moreMatrix, Horus to develop 420 MW solar projects in Italy
(Montel) Matrix Renewables and Italian asset manager Horus Green Energy are planning to jointly develop about 420 MW…
Read moreGerman power curve sets new records on gas price spike
(Montel) Contracts along the German power curve saw massive gains on Wednesday, as intensifying fears of a winter…
Read moreItalian power price linked to gas until 2030 – experts
(Montel) European gas prices will continue to dictate the fluctuations of Italian electricity prices for the next decade…
Read moreUK-France cable fire may spark new price highs – analyst
(Montel) UK power prices are set to soar further over the coming days, in the wake of…
Read moreUK-France cable offline until 13 October due to fire
(Montel) The 2 GW IFA1 interconnector linking France and the UK will likely remain offline until 13…
Read moreGas prices soar on market concerns over fire, storm, LNG
(Montel) European gas prices soared on Wednesday, as a fire at a French-UK power interconnector exacerbated market…
Read moreFrance approves route of 2.2 GW interconnector with Spain
(Montel) France has approved the route of a 2.2 GW interconnector with Spain, which will double total interconnection…
Read moreGermany faces “critical” power crunch without reforms – BDEW
(Montel) Germany faces a “critical” power supply crunch if the next government doesn’t quickly speed up the country’s…
Read morePower hurtles higher as “panic” drives gas market
(Montel) Benchmark European power prices hurtled higher on Wednesday morning as fear of a possible gas shortage…
Read more2 GW UK-France cable offline as fire hits convertor station
(Montel) The 2 GW IFA1 interconnector linking France and the UK was offline as a fire hit…
Read moreNordic October, Q4 power jump 9% on growing supply fears
(Montel) Nordic power futures extended contract highs early on Wednesday amid growing concerns about tight supply ahead…
Read moreSpain tax will blow EUR 65/MWh hole in earnings – utilities
(Montel) Emergency measures approved by the Spanish government to curb spiralling power costs will slash earnings for nuclear…
Read moreNorway’s gas exports rise 15% in August
(Montel) Norwegian gas exports rose 15% year on year in August to 9.4bcm, contributing to record revenues, Statistics…
Read moreAnalysts revise up 2021 US gas price outlook by 5.4%
(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average US benchmark Henry Hub gas…
Read moreGerman spot power retreats from high with more wind
(Montel) German day-ahead power prices fell on Wednesday, as greater wind output looked set to pull the…
Read moreIndonesia coal exports drop to 9-month low
(Montel) Indonesia exported 1.1m tonnes/day of the fuel in July, the lowest level since October 2020, amid…
Read moreNordic power set for further gains ahead of winter – traders
(Montel) Nordic power futures looked set to extend contract highs ahead of winter amid tight hydropower supply and…
Read moreOil extends gains after report of large US inventory draw
(Montel) Oil prices rose early on Wednesday, extending this week’s gains after an industry report showed a large…
Read moreEdison, Snam join plan to build three green hydrogen plants
(Montel) Italian power company Edison and gas TSO Snam have joined forces with engineering firm Saipem and renewable…
Read moreCoal slips from highs on profit-taking
(Montel) European prompt coal prices retreated sharply from their highest levels in more than a decade amid…
Read moreGreen H2 may meet 12% of energy demand – expert
(Montel) Demand for green hydrogen may account for 12% of total energy needs in a carbon-neutral world, an…
Read moreEnergy transition to drive price volatility – analyst
(Montel) EU policies to push power and industrial sectors to use low carbon and renewable fuels will drive…
Read moreBalancing market fuels UK power price surge
(Montel) UK power generators sitting out of the wholesale market to achieve higher prices in the national balancing…
Read moreHigh gas prices show need to speed up renewables – EC
(Montel) Current high gas prices show the need to speed up switching to renewables to reduce dependency on…
Read moreSurging gas propels Europe’s power markets to new highs
(Montel) Power prices across Europe have been notching up fresh record highs on a daily basis in…
Read moreGerman Cal 22 power reaches new high with gas, spot
(Montel) The German front-year power contract spiked to another record high on Tuesday, buoyed by strong gas…
Read moreAbandoned coal plant plans total China’s capacity – report
(Montel) The world has slashed a pipeline of plans to build coal-fired power plants by 76% since…
Read moreSpain approves windfall tax to curb soaring prices
(Montel) The Spanish government passed several measures on Tuesday to curb spiralling energy prices, including a windfall tax…
Read moreFrance faces an “expensive” winter as gas prices surge
(Montel) France is likely to face a costly winter with tight power supply and surging gas prices…
Read moreSouth Korean LNG imports surge 80% in August
(Montel) South Korea’s LNG imports last month surged nearly 80% year on year, while coal deliveries were…
Read moreLithuania agrees further curbs on Russia-Baltic power trade
(Montel) Power transmission capacity between the Baltic states and Russia will be curbed further following Lithuanian’s decision to…
Read morePrompt gas surges 8% on supply concerns
(Montel) Front-month European gas prices surged a further 8% to fresh records above EUR 66/MWh on Tuesday…
Read moreItaly to join cross-border intraday power market next week
(Montel) Italy is set to join the European cross-border intraday power trading platform, SIDC, on 21 September for…
Read moreUK day-ahead power hits new record GBP 2,500/MWh
(Montel) UK day-ahead power prices hit a new record high of GBP 2,500/MWh on Tuesday amid expectations…
Read moreIEA revises up 2022 world oil demand outlook
(Montel) Global oil demand will grow at a slightly faster-than-expected pace next year thanks to strong pent-up demand…
Read moreHurricane damage continues to curb US coal exports
(Montel) US coal export infrastructure damage in the wake of hurricane Ida, which struck the US Gulf…
Read moreSpain to cut power costs, cap gas prices – prime minister
(Montel) The Spanish government is expected to approve on Tuesday measures to curb electricity costs amid spiralling…
Read morePolish power demand, output rise in August
(Montel) Polish power consumption rose 3% year on year in August to 13.9 TWh, while output jumped 16%…
Read moreGerman spot power set to jump 10% to top EUR 150
(Montel) German day-ahead power prices looked set to jump 10% on Tuesday to above EUR 150/MWh as forecasts…
Read moreClimate in focus as Norway starts to form new government
(Montel) Energy and climate will be among the key policies in focus when Norway’s Labour party starts discussions…
Read moreNordic spot power set to exceed EUR 100 – forecast
(Montel) The Nordic system price could exceed EUR 100/MWh on Wednesday, a decade high and the first time…
Read moreOil continues rise as supply disruptions linger
(Montel) Oil was continuing this week’s rise on Tuesday as supply disruptions in the US and elsewhere lingered.…
Read moreCO2 steadies after record gains, parts with gas
(Montel) European carbon prices stabilised on Monday after recent all-time highs and parted ways with gas, which continued…
Read moreGerman Cal 22 power tops EUR 100/MWh for first time
(Montel) German power for delivery next year rose for the first time above EUR 100/MWh on Monday, data…
Read moreGerman power curve pushes to new highs with gas surge
(Montel) German power prices gained across the curve on Monday along with limited wind output expected in the…
Read moreOpec raises global oil demand outlook for 2022
(Montel) Global oil demand will grow 4.2m bbl/day next year, 0.9m bbl/day higher than a previous forecast a…
Read moreSpain spot power, Cal 22 hit new highs
(Montel) Spanish day-ahead power prices set a fresh record high above EUR 154/MWh for Monday delivery, while the…
Read moreTight supply spurs European coal prices to new highs
(Montel) European coal prices rose to new multi-year highs in early Monday trading, underpinned by limited spot…
Read moreNordstrom bankruptcy due to volatile market – founder
(Montel) The bankruptcy of Danish power trading company Nordstrom was due to volatility in the power market, founder…
Read moreRussian coal exports slide to 5-month low
(Montel) Russian coal exports fell 4.5% on the month to a five-month low in August, as rail…
Read moreGerman power exports may rise this winter – experts
(Montel) German export flows may rise this winter as coal generators ramp up to account for constrained gas-fired…
Read moreDutch grid saturation clouds solar expansion
(Montel) The Dutch power grid is unable to accommodate new power plants in some areas as the huge…
Read moreGas front month surges on supply fears to top EUR 60
(Montel) European front-month gas rallied on Monday to breach EUR 60/MWh for the first time, bolstered by…
Read moreUK day-ahead power surges to record GBP 1,750/MWh
(Montel) UK day-ahead power prices surged to a record high of GBP 1,750/MWh in Monday trading amid…
Read moreNordic bourse bans Nordstrom from trading after bankruptcy
(Montel) Danish power trading company Nordstrom Invest has been banned from trading electricity on the Nasdaq Commodities exchange…
Read moreGerman regulator starts review process for Nord Stream 2
(Montel) Germany’s federal network regulator (BNA) has commenced a certification process for Russia’s Nord Stream 2 pipeline…
Read moreUK unveils GBP 265m CFD pot for renewables
(Montel) The UK government will allocate GBP 265m in the latest round of its contracts for difference (CFD)…
Read moreGerman spot power to extend multi-year high on low wind
(Montel) German day-ahead power prices looked set to extend their multi-year highs amid subdued wind output and…
Read moreGrenergy signs 200 GWh/year solar PPA in Spain
(Montel) Spanish green firm Grenergy has signed a power purchase agreement (PPA) to sell 200 GWh/year of…
Read moreUK raises ETS cost curb measure 5% for December
(Montel) The UK has raised its cost curb measure for emissions certificates – UKAs – by 5% month…
Read moreOil rises on continuing US supply woes
(Montel) Oil prices were rising on Monday amid continuing supply woes in the wake of hurricane Ida, with…
Read moreCarbon CFDs better than floor price – MEP
(Montel) Carbon contracts for difference (CFDs) could be a better instrument than a carbon floor price to promote…
Read moreEnergy complex follows gas higher
(Montel) European energy prices continued to rise on Friday, driven by gas as it hit another record high…
Read moreNord Stream 2 confirms plan for 2021 launch
(Montel) Nord Stream 2 is aiming to launch its 55bcm/year pipeline before the end of the year, despite…
Read moreNew Norway government to face tough calls on energy policy
(Montel) Monday’s general election in Norway is unlikely to radically change the country’s energy policy but a new…
Read moreGas prices rebound despite NS2 completion
(Montel) European gas prices reversed early losses on Friday as market participants reckoned the completed Nord Stream 2…
Read moreEUAs set to face volatile week
(Montel) European carbon prices tested resistance at EUR 63/t and could move in either direction next week after…
Read moreUK, Ireland power markets hit record imbalance prices
(Montel) The UK and Irish power markets hit record imbalance prices this week, leaving traders struggling to balance…
Read moreNordic power slips on profit-taking, bearish fuels
(Montel) Nordic power futures retreated from ten-year highs on Friday, after having climbed for five sessions in…
Read moreHigher carbon prices a reality business must accept – EC
(Montel) Higher carbon prices in the EU ETS are a reality business must accept, said a senior official…
Read moreGerman spot power eyes 15-year high next week
(Montel) German spot power prices looked set to extend 15-year highs next week as forecasts showed relatively…
Read moreGazprom completes Nord Stream 2 construction
(Montel) Russian energy giant Gazprom has completed its 55bcm/year Nord Stream 2 gas pipeline to Europe, it…
Read moreDemand for regulated EDF power to hit record – suppliers
(Montel) Demand for French utility EDF’s nuclear power supply at the Arenh regulated rate of EUR 42/MWh for…
Read moreFront-month gas climbs, eyes EUR 60
(Montel) Front-month European gas prices eyed EUR 60 amid a fresh record high on Thursday, driving up the…
Read moreItalian CO2 emissions jump 25% in Q2 – agency
(Montel) Italian carbon emissions in the second quarter jumped 25% year on year and are expected to rise…
Read moreDry freight prices slip 14% from 12-year highs
(Montel) The Baltic Dry Index (BDI) – a bellwether for global dry bulk shipping – has declined…
Read moreSpanish spot power soars past EUR 152 in “tense” market
(Montel) Spanish day-ahead power prices reached a new high above EUR 152/MWh amid a "tense" market on…
Read moreGerman Cal 22 power climbs to record EUR 95
(Montel) German front-year power surpassed its previous all-time high on Thursday topping EUR 95/MWh amid surging gas prices…
Read morePrompt gas edges higher to extend rally
(Montel) Front month European gas prices climbed for a sixth consecutive session to a fresh record high on…
Read moreEC wants quick approval of carbon market reserve plan
(Montel) The European Commission wants fast approval for its plan to maintain a 24% intake rate of EU…
Read moreNordic system price hits near 11-year high
(Montel) The Nordic system price for Friday hit EUR 98.13/MWh, the highest level since 14 December 2010, amid…
Read moreNordic hydro GO contracts surge across the curve
(Montel) Prices for European guarantees of origin (GOs) surged across the curve this week amid expectations of diminished…
Read moreVattenfall commits to 132 MW wind farm in the Netherlands
(Montel) Vattenfall has taken a final investment decision for the nearshore part of a wind farm in…
Read moreS Africa coal exports decline 13% amid constraints
(Montel) South Africa’s thermal coal exports in the first seven months of 2021 declined nearly 13% on…
Read moreNordic power futures retreat from highs on wetter outlook
(Montel) Nordic power futures fell from record levels on Thursday on the back of wetter weather forecasts.…
Read moreLow coal stocks in Asia stoke winter shortage fears
(Montel) Pacific-basin benchmark coal prices returned to some of their highest levels in 13 years this week…
Read moreEIA raises 2021 US LNG export outlook by 1%
(Montel) The US Energy Information Administration (EIA) has revised up its projection for LNG exports this year…
Read moreGerman day-ahead power eyes near 14-year high
(Montel) German day-ahead power prices on Thursday looked set to rise to a near 14-year high as…
Read moreOil prices firm as US Gulf output “gradually” ramps up
(Montel) Oil prices traded a shade higher early on Thursday as US production in the Gulf of Mexico…
Read moreOil firms need to cut gas output to meet 1.5C goal – study
(Montel) Major European oil companies should halt their plans to increase gas production and wind down their gas…
Read moreGas, CO2 achieve fresh highs
(Montel) European gas prices extended a streak of gains on Wednesday to hit a fresh record above…
Read moreEurope must inject EUAs to lower carbon prices – Repsol CEO
(Montel) European authorities should inject more EUAs into the market to curb speculation and high prices, Spanish energy…
Read moreInvestors drive CO2 gains more than fundamentals – analyst
(Montel) Investor appetite for European carbon allowances has been the main cause of this year’s rally to…
Read moreEU needs higher carbon prices to phase out coal, oil – MEP
(Montel) The EU needs higher carbon prices to phase out coal and oil, a member of the European…
Read moreGerman power curve soars to fresh highs on bullish mix
(Montel) Contracts along the German power curve jumped EUR 2 to hit fresh records on Wednesday amid…
Read moreCarbon extends record high to EUR 63.35/t
(Montel) Europe’s benchmark carbon price hit its sixth record high in less than two weeks on Wednesday following…
Read moreFuel, CO2 prices incentive for green investment – Eurasia
(Montel) Current high fuel and carbon prices should provide a greater incentive to invest in renewable energy…
Read moreSpain looks to secure gas supply with additional tender
(Montel) Spanish TSO Enagas has held an additional auction for regasification capacity to avoid potential tension in the…
Read moreMild autumn may not curb soaring power and gas prices
(Montel) Mild weather will likely prevail in Europe this autumn, but brief cold spells and low wind generation…
Read moreGas prices extend highs as Russian flows remain low
(Montel) European gas prices continued to rise on Wednesday amid Russian flows which were lower than hoped for…
Read moreNordic front-month power hits 10-year high on dry outlook
(Montel) Nordic October power jumped EUR 1.50 to a decade high on Wednesday with dry weather forecasts…
Read moreUK day-ahead power jumps to over GBP 850/MWh
(Montel) UK day-ahead power prices surged to multi-month highs of over GBP 850/MWh in Wednesday trading amid…
Read moreSSE begins construction of 440 MW Shetland wind farm
(Montel) SSE Renewables has confirmed its 400 MW Viking wind farm will begin production in late 2024. …
Read moreNorway regulator plays down winter supply risk fears
(Montel) The head of Norwegian power regulator NVE, Kjetil Lund, said he was not concerned about the security…
Read moreAxpo, Borealis sign 100 GWh Belgian PPA
(Montel) Axpo has signed a nine-year power purchase agreement (PPA) with Austrian chemicals manufacturer Borealis for the company’s…
Read moreFlooding keeps US coal export terminal offline
(Montel) Flooding and power cuts in the aftermath of Hurricane Ida continue to impact coal export operations…
Read moreGerman spot power set to rise on low wind, solar output
(Montel) German day-ahead power prices looked set to rise on Wednesday amid relatively low wind power generation…
Read moreOil prices edge higher ahead of US inventory data
(Montel) Oil prices rose in early Wednesday trading, ahead of US inventory data due today and on Thursday.…
Read moreEsma hears complaint of speculators cornering carbon market
(Montel) EU financial watchdog Esma is considering a complaint of market abuse in Europe’s emissions trading scheme that…
Read moreSupply concerns push gas to fresh highs
(Montel) Front-month gas surged to a fresh high on Tuesday, reversing initial losses from profit-taking, as a tight…
Read moreGreen shift won’t lift Nordic power prices much – think tank
(Montel) The energy transition will not lead to significantly higher Nordic electricity prices this decade, think tank Nordic…
Read moreTurkish coal imports slide 1.8% as gas generation jumps
(Montel) Turkish thermal coal imports, primarily from Colombia and Russia, fell 1.8% in January-July with reduced supply from…
Read moreGerman Cal 22 power hits high in “game without limits”
(Montel) The German power front year rose in line with a higher CO2 price on Tuesday, with…
Read morePoland's power exports rise fourfold in Jan-Aug
(Montel) Poland's power exports rose fourfold in January-August year on year to 4.2 TWh, data from TSO PSE…
Read moreCoal could spiral to USD 200/t this winter
(Montel) A shortage of thermal coal this winter could yet see prices breach USD 200/t – a…
Read moreEU plans for real-time hydrogen tracking impractical – lobby
(Montel) Draft EU plans to require real-time tracking of what power has been used in electrolysers to produce…
Read moreUniper, Port of Rotterdam sign green hydrogen deal
(Montel) Germany utility Uniper has signed a memorandum of understanding with the Port of Rotterdam to develop a…
Read moreGas prices drop on profit-taking, Russian flows
(Montel) European gas prices dropped in early Tuesday trading on the back of profit-taking and some increase…
Read moreWetter weather, weaker gas curbs Nordic power rally
(Montel) Nordic power futures were firming on Tuesday, though wetter weather forecasts and slightly lower gas prices dampened…
Read moreIndonesia sets September coal price at a record high
(Montel) Indonesia has set its September coal reference price at a new record high of USD 150.03/t,…
Read moreChinese coal imports jump 36% on year
(Montel) Chinese coal imports jumped 36% on the year in August to 0.91m tonnes/day (28.1m tonnes), the…
Read moreGerman spot power eyes 6% drop on higher wind, solar output
(Montel) German day-ahead power prices looked set for a 6% drop on Tuesday as forecasts showed increasing wind…
Read moreOil remains range-bound amid uncertain demand outlook
(Montel) Oil was trading range-bound on Tuesday as an uncertain demand outlook continued to put a ceiling on…
Read moreEU industry faces 2 years of carbon uncertainty – expert
(Montel) European industry faces two years of uncertainty as the EU considers how to tighten its carbon market…
Read moreGlencore’s exit from Colombian coal firm edges closer
(Montel) Colombia’s National Mining Agency (ANM) has granted Glencore permission to divest from its Colombian coal-mining subsidiary…
Read moreGas, low wind propel CO2 above EUR 63
(Montel) European carbon prices climbed to fresh all-time highs on Monday, propelled by continued strength in gas prices,…
Read morePoland's solar capacity expands to 5.5 GW
(Montel) Poland added 266 MW of solar capacity in July, raising the country's total capacity to 5,498 MW,…
Read moreSpain may hold power auctions outside wholesale market
(Montel) Spain may hold power production auctions outside the wholesale market to curb soaring prices, the ministry of…
Read moreEDF overestimates atomic capacity by up to 8.1 GW in Q3 – EQ
(Montel) The average gap between EDF’s forecast French nuclear availability and actual production hit 8.1 GW in Q3,…
Read moreNear-term start of Nord Stream 2 “technically impossible”
(Montel) It would be “technically impossible” to launch flows via the Nord Stream 2 pipeline over the…
Read moreGerman front-year power hits all-time high as gas, CO2 gain
(Montel) German front-year power surged to an all-time high on Monday, propelled by continued gains in the gas…
Read moreEuropean gas contracts extend highs on supply squeeze
(Montel) European gas contracts reached fresh highs on Monday amid a fall in pipeline flows from Russia and…
Read moreSpanish day-ahead power to hold near EUR 130 this week
(Montel) Spanish day-ahead power prices looked set hold near EUR 130/MWh on average this week, while futures contracts…
Read moreStatkraft sells 234 MW solar portfolio in Spain
(Montel) Statkraft has sold four Spanish solar projects (234 MW total) to UK fund Trig, the Norwegian energy…
Read moreEurope’s coal imports may jump 16% this year – analyst
(Montel) European thermal coal imports could rise by nearly 16% this year to 52m tonnes, amid fierce…
Read moreEDF Trading starts joint venture with Getec Energie
(Montel) EDF Trading has started a joint venture with German energy service provider Getec Energie to serve industrial…
Read moreUK day-ahead power nears GBP 200 but off high
(Montel) UK day-ahead power prices eased from highs hit this weekend in Monday trading but were still…
Read moreMallnow gas flows from Russia halve on Monday
(Montel) Physical flows of Russian gas through the Mallnow entry point into Germany halved on Monday morning,…
Read moreNordic front curve gains but still seen as undervalued
(Montel) Nordic front power contracts hit fresh highs amid dry forecasts and high spot prices on Monday, but…
Read moreCarbon pushes to new high at EUR 63/t
(Montel) Europe’s benchmark carbon price rallied to a fresh record high early on Monday, extending last week’s gains…
Read moreGerman spot power to extend high amid low wind output
(Montel) German day-ahead power prices looked set to extend their multi-year high amid subdued wind output and falling…
Read moreOil falls on US economic concerns stoked by Delta
(Montel) Oil was falling on Monday amid economic concerns in the US, stoked by disappointing jobs data on…
Read moreNordic system price hits 9-year high
(Montel) The Nordic system price out-turned at 91.91/MWh on Monday, its highest level since 8 February 2012.…
Read moreCO2 keeps setting new highs on energy gains
(Montel) European carbon prices rose to fresh all-time highs on Friday, as reduced allowance supply and renewed strength…
Read moreNorway approves treaty with UK on power trading, cables
(Montel) Norway approved a bilateral treaty with the UK on cross-border energy trading and electricity interconnection, including…
Read moreGerman front-month power hits record high on bullish mix
(Montel) The German power curve soared on Friday on the back of record carbon and higher gas prices…
Read moreUK renewable developers face lower PPA prices – consultant
(Montel) Renewable energy developers who wait to sign power purchase agreements (PPA) until after the UK’s forthcoming contracts…
Read moreCO2 targets EUR 65/t on supply tightness, soaring gas
(Montel) After hitting a fresh record high of EUR 61.95/t on Friday, European carbon prices are gearing up…
Read moreCO2 hits fresh record high of EUR 61.95/t
(Montel) European carbon prices hit a fresh record high of EUR 61.95/t on Friday, with one trader saying…
Read moreSwedish power demand set to surge 60 TWh on green steel
(Montel) A shift from fossil fuel-based production to renewables could boost power demand from Sweden’s steel sector from…
Read moreGerman spot power eyes 15-year high next week on low wind
(Montel) German spot power prices looked set to rise to a new 15-year record next week amid…
Read moreOil trades flat but signs remain of robust demand
(Montel) Oil prices were trading flat on Friday but signs remained of robust demand, with the market likely…
Read moreSoaring gas may see UK firms curb activity – Centrica
(Montel) Record high gas prices may cause some energy-intensive businesses in the UK to curb activity this winter,…
Read moreItalian power spirals to EUR 145 on gas, CO2 rally
(Montel) Italian day-ahead power hit a record high above EUR 145/MWh on Thursday boosted by a mixture of…
Read moreGerman 10 GW/yr solar growth plan faces hurdles – experts
(Montel) Plans unveiled by Germany’s ruling Christian union party CDU planning to grow solar capacity by an open-ended…
Read moreNord Stream 2 flow will start before year end – Gazprom CEO
(Montel) Russian energy giant Gazprom will begin supplying gas to Europe via its Nord Stream 2 pipeline…
Read moreECJ orders Germany to empower network regulator
(Montel) The European Court of Justice on Thursday ordered Germany to grant its network regulator greater independence…
Read moreGerman front-year power rises on bullish fuels
(Montel) Germany’s front-year power contract rose on Thursday amid continued bullishness in the fuel and carbon markets but…
Read moreAlgeria-Morocco tensions may raise gas prices – expert
(Montel) Mounting tensions between Algeria and Morocco may raise gas prices but are unlikely to reduce flows…
Read moreEC urges calm over record high carbon prices
(Montel) The European Commission is urging calm over record high carbon prices as they are within the EUR…
Read moreNordic-German power price spread hard to justify – EQ
(Montel) The price spread between Nordic and German power futures is trading at near record levels but was…
Read moreEurope, west Mediterranean LNG imports slide 15% in August
(Montel) European and west Mediterranean LNG imports dropped 15% on the year in August to 5.5bcm, as…
Read moreGerman spot power to ease from highs as renewables rise
(Montel) German day-ahead power prices on Thursday looked set to drop from recent highs amid expectations of…
Read moreCrude prices fall on Opec+ decision to keep raising output
(Montel) Crude oil was modestly lower early on Thursday as the Opec+ producer group decided to maintain its…
Read moreGerman power nears all-time high on soaring gas, CO2
(Montel) Germany’s front-year power was rising on Wednesday and could surpass its all-time high later this week amid…
Read moreGas prices hit new highs on Russia supply concerns
(Montel) European and UK gas contracts rose across the board on Wednesday as traders revised their expectations…
Read moreFrench nuclear output jumps 21% on year in August
(Montel) French nuclear power generation jumped 6 TWh, or 20.8%, year on year in August to 28.9 TWh,…
Read moreUK energy transition needs new gas, oil production – lobby
(Montel) The UK faces “stark choices” in its transition towards a lower carbon future, with increased gas…
Read moreEU gas surges as Gazprom plays down NS2 lift to exports
(Montel) European gas prices surged to fresh record highs on Wednesday morning after Russia’s Gazprom played down…
Read moreWind’s share of UK power mix hits 5-month high in August
(Montel) Wind’s share of the UK power mix rose to a five-month high in August amid lower…
Read moreCO2 soars to record high EUR 61.90/t
(Montel) European carbon prices hit a new record high of EUR 61.90/t early on Wednesday amid reduced auction…
Read moreGerman spot power eyes EUR 119 at wind subsides
(Montel) German day-ahead power prices looked set to extend a recent 13-year high on Wednesday with baseload…
Read moreNorway plans to raise tax on fossil fuels amid green shift
(Montel) Norway’s centre-right government proposed a raising of taxes on fossil fuel exploration two weeks ahead of a…
Read moreOil rises as data indicates big fall in US inventory levels
(Montel) Oil was rising on Wednesday as preliminary figures indicated a bigger than expected fall in US inventory…
Read moreSupply tightness bolsters UK gas prices
(Montel) UK gas prices were rising in afternoon trading on Tuesday after unplanned Norwegian outages coincided with planned…
Read moreEU coal terminal stocks swell to 11-week high
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have risen to an 11-week…
Read moreR.Power acquires 59 MW solar capacity in Portugal
(Montel) Polish renewables firm R.Power plans to launch 59 MW of solar capacity in Portugal next year for…
Read moreIndia urges upturn in coal imports amid stocks “crisis”
(Montel) India’s power ministry has told the country’s coal importers to “take necessary action” amid dwindling stocks…
Read moreGerman power retreats from high on weaker TTF gas, CO2
(Montel) Germany’s front-year power contract eased on Tuesday, dampened by weaker carbon and gas prices after jumping…
Read moreUK gas prices gain on outages, tight supply
(Montel) UK gas prices rose on Tuesday – with the spot contract jumping more than 5p – amid…
Read moreTight coal supply underpins prices
(Montel) European coal prices eased on Tuesday from multi-year highs in the previous session, but tight prompt…
Read moreNordic September power slides EUR 1.50 after rally
(Montel) Nordic near-term power futures corrected down up to EUR 1.50 on Tuesday after the prior rally…
Read moreNordic power system price may top EUR 80 in Sept – analysts
(Montel) The Nordic power system price could average above EUR 80/MWh in September, the highest price in more…
Read moreVattenfall warns of early Swedish reactor closures in 2025
(Montel) Vattenfall's remaining nuclear reactors in Sweden may have to close in 2025 after the government yet again…
Read morePGE’s power output jumps 15% in H1 to 33 TWh
(Montel) Polish utility PGE produced 33 TWh of power in January-June, up 15% from the corresponding period in…
Read moreEU’s CO2 border scheme will have limited impact – report
(Montel) The impact of the EU’s new carbon border adjustment mechanism (CBAM) on European importers is expected to…
Read moreAlytic buys majority stake in GO specialist Greenfact
(Montel) Norwegian analyst company Alytic has acquired a 60% stake in Greenfact, a firm which specialises in guarantees…
Read moreOil falls as US production expected to return swiftly
(Montel) Oil prices were falling on Tuesday as US crude oil production facilities in the Gulf of Mexico…
Read moreGerman power prices reach new records as fuels, CO2 climb
(Montel) German power curve prices surged to fresh record highs on Monday, following similar movements in European gas…
Read moreRussia’s Sakhalin 2 LNG facility resumes full output
(Montel) Russia’s Sakhalin 2 LNG facility in the far east has resumed full production following maintenance that…
Read moreGas front month hits EUR 49 on CO2, weaker Norway flows
(Montel) European front-month gas rose on Monday on record high CO2 prices, weaker flows from Norway and…
Read moreGerman power producers may switch to GOs – experts
(Montel) Strong German wholesale power prices may incentivise producers to opt out of the country’s renewable support system…
Read moreNordic Q4 power hits high on dry weather, strong spot
(Montel) The Nordic Q4 power contract jumped EUR 4.65 on Monday to hit a fresh high of EUR…
Read moreCarbon hits high at EUR 61 on gas, technicals, thin trading
(Montel) European carbon prices hit a fresh high above EUR 61/t on Monday, extending a rally underpinned by…
Read moreEurope LNG imports grow 19% to 1.3bcm
(Montel) Seaborne LNG deliveries to key European destinations rose nearly 20% last week to 1.27bcm, with at…
Read moreGerman spot power eyes 13-year high on lower wind
(Montel) German day-ahead power prices looked set to climb to the highest level since October 2008, as rising…
Read moreCrude prices flat as hurricane forces US oil output cuts
(Montel) Crude oil was range-bound early on Monday as Hurricane Ida forced oil companies in the US,…
Read moreNordic system price hits 8.5-year high
(Montel) The Nordic system power price hit an 8.5-year high of EUR 87.54/MWh for Monday, with area prices…
Read moreSupply risks drive energy complex higher
(Montel) The European energy complex pushed higher on Friday, as concerns about Russian Nord Stream 2 gas…
Read moreBritain hits record for power imports – data firm
(Montel) Britain this month set a record for electricity imports, underlining the growing importance of interconnectors to…
Read moreTropical storm Ida swells risk of gas price surge
(Montel) A tropical storm making its way to the US Gulf Coast was supporting stronger European gas…
Read moreGerman power rises EUR 1 on fuels rally
(Montel) Germany’s benchmark front-year power contract rose on Friday amid rallying fuel prices, with gains set to…
Read morePoland faces CO2 deficit of 660m tonnes by 2030 – report
(Montel) High emitter Poland faces a carbon emissions deficit of 660m tonnes by 2030, set to cost the…
Read moreGas prices rise on feared “tough” winter amid low storage
(Montel) European gas prices rose on Friday amid fears of a “tough” winter due to low storage levels…
Read moreCarbon faces resistance as record nears
(Montel) European carbon prices looked set to retest a zone of technical resistance just short of a…
Read moreNordic power futures rebound on tighter hydropower supply
(Montel) Nordic power futures rebounded on Friday, as forecasts suggested further tightening of hydropower supply, with higher…
Read moreCarbon jumps EUR 1 on gas, thin supply
(Montel) European carbon prices rose almost 2%, or EUR 1, in Friday trading amid increases in gas and…
Read moreGermany to see cool, damp conditions in September
(Montel) Germany is likely to see an autumnal start to September with cool, damp conditions, though wind levels…
Read moreUK-Norway cable “couldn’t come at a worse time” – Alcoa
(Montel) October’s start-up of the NSL cable linking southern Norway with the UK could further tighten supply in…
Read moreFortum criticises Swedish delay over nuclear waste
(Montel) Finnish utility Fortum on Friday criticised the Swedish government for risking supply security by postponing a decision…
Read moreGerman spot power to gain next week as wind declines
(Montel) German spot power prices looked set to soar next week, as forecasts showed a steep decline…
Read moreGazprom may need to sell Nord Stream 2 – report
(Montel) Russia’s Gazprom may need to sell its controversial Nord Stream 2 gas pipeline to fulfil EU unbundling…
Read moreOil rises amid signs of growing Asian demand
(Montel) Oil prices were rising on Friday amid signs of growing demand, with Asian countries bouncing back despite…
Read moreNordic PPA sector faces continued low demand – experts
(Montel) The Nordic power purchase agreement (PPA) sector faces continued low demand as well as weak prices, according…
Read moreUK cable can raise Norway prices EUR 10 this winter – Volue
(Montel) The launch of the 1.4 GW North Sea Link cable between Norway and the UK in October…
Read moreNordic TSOs must urgently fix insufficient hedging – Modity
(Montel) Nordic TSOs must quickly find solutions to boost market liquidity, as companies are struggling to hedge…
Read moreCarbon gains on buying opportunity
(Montel) European carbon prices rose on Thursday, as investors used initial losses as a buying opportunity amid a…
Read moreGerman court annuls permit for newest coal plant
(Montel) A German court upheld a challenge to the planning permit of the country’s newest coal plant…
Read moreHydropower Cal 21 GOs firm on prolonged dry outlook
(Montel) Hydropower guarantees of origin (GOs) recovered slightly on a prolonged dry outlook as sellers held on to…
Read moreNewcastle coal eases from 13-year highs
(Montel) Newcastle coal prices have eased slightly over the past week, though rampant Chinese demand and regional…
Read moreGas prices retreat in line with weaker CO2
(Montel) European gas prices retreated in line with weaker carbon on Thursday, though the potential for higher…
Read moreNordic power futures fall from record levels
(Montel) Nordic power futures retreated on Thursday, with a trader citing a “natural correction” after recent gains as…
Read moreKey Australian coal export hub extends lease to 2031
(Montel) The operator of Australia’s key Carrington thermal coal export terminal, at the port of Newcastle, has…
Read moreGerman spot power to edge down as solar peak rises
(Montel) German day-ahead power prices on Thursday looked set to ease amid expectations of increased solar output…
Read moreLoose metallic seals behind Olkiluoto delay – TVO
(Montel) Finnish nuclear operator TVO said the recent delay to the start-up of new nuclear reactor Olkiluoto 3…
Read moreOil prices soften after 3-day rally but optimism remains
(Montel) Oil prices were softening on Thursday after a three-day rally had seen the market claw back seven…
Read moreAlpiq’s head of trading quits
(Montel) Swiss utility Alpiq’s head of trading Michel Kolly has quit the firm, it said on Thursday.…
Read moreAlpiq’s H1 trading earnings slide by a third to EUR 38m
(Montel) Swiss utility Alpiq’s trading earnings before interest, tax, depreciation and amortisation (Ebitda) for the first half of…
Read moreVirus hits Repower H1 profit but recovery underway
(Montel) Swiss utility Repower saw a 13% fall in H1 earnings before interest and tax (Ebit) amid the…
Read moreGerman court decision reflects “discriminatory” rules – NS2
(Montel) A decision by a German court on Wednesday to dismiss Nord Stream 2’s complaint against German…
Read moreCarbon slips from 1-week high
(Montel) European carbon prices softened from one-week highs in afternoon trading on Wednesday, although the market was…
Read moreMEPs urge hourly tracking of GOs to improve “credibility”
(Montel) A group of MEPs wants to make changes to the EU renewables directive so that supply and…
Read moreGermany plans “climate club” to boost decarbonisation
(Montel) The German cabinet on Wednesday agreed to the outlines of a “climate club” aimed at boosting…
Read moreFire hits Russian gas processing plant, output unaffected
(Montel) A fire has hit Gazprom’s Orenburg gas-processing plant, in southern Russia, the investigative committee of the…
Read moreGerman power Cal 22 drops amid gas, carbon losses
(Montel) Germany’s benchmark front-year power contract traded lower on Wednesday amid similar losses in the gas and carbon…
Read moreGas prices retreat on NS2 court ruling
(Montel) European gas contracts retraced earlier gains on Wednesday to trade lower amid a German court ruling that…
Read moreGerman court dismisses Nord Stream 2’s complaint
(Montel) The Higher Court of Dusseldorf on Wednesday dismissed Nord Stream 2’s complaint against German regulator BNA…
Read moreNordic power curve gains on dry weather, strong fuels
(Montel) Nordic power contracts were trading higher on Wednesday morning amid continuing dry weather forecasts and strong fuel…
Read moreNorway energy minister rejects end to oil, gas output
(Montel) Stopping Norwegian oil and gas exploration and production would not have a significant effect on global carbon…
Read moreGerman spot power gains with solar drop
(Montel) German day-ahead power prices gained on Wednesday as greater wind generation looked set to fall short…
Read moreCrude prices retreat amid ongoing demand concerns
(Montel) Crude oil prices took a break early on Wednesday from recent gains amid continuing concerns about…
Read moreGlobal coal use surges with power demand jump – think tank
(Montel) Renewable energy growth has failed to offset a jump in global power demand this year, leading…
Read moreCarbon rises as gas remains bullish
(Montel) European carbon prices rose for a third straight day on Tuesday, driven by higher gas prices and…
Read moreFirms criticise Norwegian plans for offshore wind auctions
(Montel) Several large Norwegian and international energy companies have criticised plans by the Norwegian government to hold auctions…
Read moreGerman power rises as gas, carbon prices recover
(Montel) German front-year power gained EUR 1.50 on Tuesday, as gas and carbon prices continued to rebound from…
Read moreGas prices rise on supply uncertainty, fuel gains
(Montel) European gas curves found renewed strength on Tuesday amid persistent doubts over the start of the Nord…
Read moreCourt ruling unlikely to trigger early NS2 launch – experts
(Montel) A court ruling this week on the possible exemption of the 55bcm/year Nord Stream 2 pipeline…
Read moreCentrica signs 3 PPAs for 266 MW with Taaleri Energia
(Montel) Centrica Energy Trading has signed 10-year power purchase agreements (PPAs) with Finland’s Taaleri Energia for 266 MW…
Read moreHigh prices may dent energy transition – Finnish industry
(Montel) A recent surge in power prices could hamper plans to replace fossil fuels with renewables in Finnish…
Read moreNordic power futures rise on strong fuels, dry outlook
(Montel) Nordic power futures continued to gain on Tuesday amid strong fuel prices and dry weather forecasts for…
Read moreGerman spot power to dive EUR 10 on higher wind wind, solar
(Montel) German day-ahead power prices looked set for a 11% drop on Tuesday as forecasts showed increasing renewables…
Read moreTesla mulls virtual power plant in Germany – report
(Montel) Carmaker Tesla could add a virtual power plant to its German electricity sales business, where it would…
Read moreOil continues rise on recovering China demand
(Montel) Oil prices continued their rise on Tuesday, after surging 5% in the prior session, as signs indicated…
Read moreCO2 gains on supportive related markets
(Montel) European carbon prices rose in Monday trading, buoyed by supportive related markets and technical indicators, yet…
Read moreNordic spot price hits 5-year high on nuclear outage
(Montel) The Nordic system price hit a fresh five-year high of EUR 77.20/MWh on Tuesday, supported by low…
Read moreGerman front-month power continues rise on rebounding fuels
(Montel) German front-month power prices continued to gain on Monday buoyed by rebounding gas and carbon markets, with…
Read moreGas front month gains on bullish carbon
(Montel) Front-month gas jumped more than EUR 1 on Monday in volatile trade in response to bullish…
Read moreCoal prices set to revisit recent highs
(Montel) European coal prices will continue to draw support from still tight prompt supply and competing gas…
Read moreFrance mulls guarantees to improve industry access to PPAs
(Montel) The French government is mulling plans to help heavy energy users sign power purchase agreements (PPA)…
Read moreChina's CTG buys 450 MW Spanish green capacity for EUR 500m
(Montel) Chinese energy company China Three Gorges (CTG) has closed its purchase of 450 MW of renewables capacity…
Read moreOlkiluoto delay may see Nordic power prices jump – analyst
(Montel) Friday’s announcement of another delay to the start-up of Finland’s 1.6 GW Olkiluoto 3 nuclear reactor could…
Read moreNordic front power continues rise on strong fuels, CO2
(Montel) Nordic front futures power continued its rise on Monday amid high fuel and carbon prices, while another…
Read moreGerman spot power to rise as wind output wanes
(Montel) German day-ahead power prices looked set to rise almost EUR 3 on Monday despite increased solar production…
Read moreCrude prices rise on demand optimism despite Delta variant
(Montel) Crude oil was higher early on Monday on demand optimism amid high rates of vaccination against the…
Read moreMerkel tries to ease Ukrainian Nord Stream 2 fears
(Montel) Germany’s outgoing chancellor Angela Merkel has tried to alleviate Ukrainian fears over a potential "weaponisation" of the…
Read morePrompt coal extends plunge
(Montel) Near-term European coal prices extended losses on Friday despite a stabilisation in the gas market following…
Read moreGerman Cal 22 power recovers value in following gas
(Montel) German front-year power on Friday recovered some losses from the previous session, following the gas market…
Read morePlanned Nord Stream 2 flows may be “too optimistic”
(Montel) Russia’s Gazprom may not be able to deliver the 5.6bcm of gas it said it would…
Read moreEUAs to follow gas in coming week
(Montel) European carbon prices next week should continue to be driven by gas after this week’s plunge amid…
Read moreGas prices rebound after NS2-linked sell-off
(Montel) European gas prices rebounded on Friday after the prior sell-off when markets dived in the wake…
Read moreGermany set for low wind output, cool weather
(Montel) Germany looked set for relatively low wind generation levels and cool weather for the rest of August,…
Read moreNord Stream 2 licence could be delayed to December – analyst
(Montel) Germany’s BNA network regulator may not issue an operational licence for Nord Stream 2 until December, delaying…
Read moreNordic front-month power jumps EUR 3 amid dry outlook
(Montel) Nordic power futures jumped up on Friday – with the front month up EUR 3.25 – after…
Read moreAustria focuses on non-ETS emissions after coal exit
(Montel) Austria will focus on tackling emissions from non-ETS sectors following the closure of the nation’s last coal-fired…
Read moreGerman gas import price more than doubles in June
(Montel) The price of German gas imports more than doubled year on year in June to average…
Read moreGerman spot power to stay above EUR 90 next week
(Montel) German spot power prices looked set to remain elevated next week amid falling wind generation and…
Read moreSpain probes Iberdrola hydropower dam depletion
(Montel) The Spanish energy ministry will probe Iberdrola’s use of the Ricobayo reservoir where the utility operates a…
Read moreOil edges up on signs of robust demand in Europe, US
(Montel) Oil was edging back up on Friday – after slumping to its lowest level since May in…
Read moreFrance sells 4.2 TWh of GO at average EUR 0.43/MWh
(Montel) Prices for guarantees of origin (GO) for renewable power produced in France retreated 2% to an…
Read moreEnergy markets in "freefall" as gas leads dive
(Montel) European energy prices continued their sell-off on Thursday as the gas market extended losses – with the…
Read moreFrench Q4 power slides amid gas plunge
(Montel) French power prices plunged by up to EUR 6.50 across the curve on Thursday in the…
Read moreNordic power curve plunges on weaker gas, German prices
(Montel) Nordic power contracts fell sharply on Thursday afternoon following big drops in gas and German power prices.…
Read moreGerman Cal 22 power sheds 4% as fuel markets slump
(Montel) German front-year power shed around 4% on Thursday, taking a cue from flagging European gas and carbon…
Read moreGas prices tumble EUR 3 on Nord Stream expectations
(Montel) European gas curve contracts dived EUR 3 on Thursday amid ongoing indications Russia’s planned Nord Stream 2…
Read moreGazprom may pump 5.6bcm via Nord Stream 2 this year
(Montel) Russian energy giant Gazprom may supply 5.6bcm of gas to Europe via the Nord Stream 2…
Read moreGO prices dip as Nordic sellers return to markets
(Montel) Prices for European hydropower guarantees of origin (GOs) dipped this week, as sellers in the Nordics returned…
Read moreOTC gas trading volumes fall 6% in July – Leba
(Montel) Traded gas volumes in European brokered markets fell 6.3% year on year in July, led by…
Read moreSpain power to remain above EUR 100 to next year – experts
(Montel) Spanish power prices are likely to average above EUR 100/MWh until early next year on multi-year high…
Read moreCarbon slips nearly 3% amid gas plunge
(Montel) European carbon prices dropped nearly 3% in early Thursday trading amid continued sharp losses in the…
Read moreNordic Q4 power dives almost EUR 3 on fuels slide
(Montel) Nordic power prices dived nearly EUR 3 on Thursday, with a sharp downward correction in gas and…
Read moreAsia-Pacific coal prices rise to new 13-year highs
(Montel) Pacific-basin benchmark coal prices this week rose to new 13-year highs amid still supportive regional demand,…
Read morePolish power demand, output jump in July
(Montel) Polish power consumption rose almost 9% year on year in July to 14.4 TWh, while output surged…
Read moreEuropean Energy to fuel Maersk ships with green methanol
(Montel) Danish renewables developer European Energy has signed a deal with shipping conglomerate AP Moller Maersk for deliveries…
Read moreGerman spot power to surpass EUR 100 as wind output plunges
(Montel) German day-ahead power prices on Thursday looked set to settle above EUR 100/MWh as forecasts indicated…
Read moreOil drops to 3-month low on fears of waning demand
(Montel) Oil prices fell early on Thursday to their lowest levels since May amid concerns the spread of…
Read moreGas plummets EUR 4 amid false NS2 data
(Montel) European gas prices dropped more than EUR 4 on Wednesday amid widespread profit-taking triggered in part by…
Read moreETS reform negotiations may take 3 years – MEP
(Montel) Negotiations to tighten the EU ETS could take up to three years amid disagreements between member states…
Read moreGerman chemicals boss urges nuclear power extension
(Montel) Germany should abandon plans to close its last nuclear reactors over the next two years to suppress…
Read moreGerman front-year power continues rally amid gas strength
(Montel) Germany’s front-year power contract rose on Wednesday, boosted by a continuing surge in benchmark gas markets, but…
Read moreGas prices resume uptrend on supply woes
(Montel) European gas prices resumed their uptrend in Wednesday trading – after correcting down in the prior…
Read moreRussian Sakhalin 2 LNG facility resumes limited exports
(Montel) Russia’s Sakhalin 2 LNG facility in the far east has resumed exports, though one of its…
Read moreNordic power continues fall on profit-taking
(Montel) Nordic power futures continued their retreat from recent highs on Wednesday amid thin volumes, with traders citing…
Read moreGermany awards tender to 156 MW of solar/storage capacity
(Montel) Germany’s BNA network regulator energy has awarded funding to 156 MW of solar plants combined with storage…
Read moreAmsterdam coal imports rise 2.2% in January-July
(Montel) Coal imports via Europe’s second-largest delivery hub, at Amsterdam, grew 2.2% in January-July, according to port…
Read moreGerman spot power set to return above EUR 90/MWh
(Montel) German day-ahead power prices looked set to climb above EUR 90/MWh on Wednesday as forecasters anticipated abundant…
Read moreDenmark’s power demand set to rise 70% by 2030
(Montel) Denmark’s annual power use is set to rise by more than 70% to 60 TWh by the…
Read moreOil prices nudge up after API shows inventory draw
(Montel) Oil prices edged higher early on Wednesday after the American Petroleum Institute (API) reported late on…
Read moreRenewables investors seen aiming for larger targets
(Montel) Renewables investors are increasingly taking on more risk, acquiring whole development portfolios rather than individual projects in…
Read moreUK energy transition must go beyond blue hydrogen – experts
(Montel) Blue hydrogen would be vital for the UK’s energy transition, but its hydrogen strategy must go further,…
Read moreCoal retreats from multi-year highs
(Montel) European prompt coal prices retreated from multi-year highs achieved in the previous session amid some profit-taking…
Read moreSweden needs nuclear waste decision soon – Fortum CEO
(Montel) Swedish authorities must find a way to dispose of nuclear waste soon or risk reduced power production…
Read moreFortum and Uniper to see more similar hedging – CEO
(Montel) Fortum is currently much more exposed to spot price volatility in the Nordic market than subsidiary Uniper,…
Read moreGas front month falls amid increased deliveries
(Montel) European front-month gas contracts unwound the previous session’s gains on Tuesday amid increased flows to Europe, although…
Read moreGerman power extends 13-year high on fuel rally
(Montel) Germany’s benchmark power contract hit its highest level since 2008 on Tuesday as a jump in…
Read moreDanish CCS project receives consortium support
(Montel) A consortium of 29 members including companies Wintershall Dea and Ineos will support a carbon capture and…
Read moreSpain plans 3.3 GW green tender in October
(Montel) Spain plans to auction 3.3 GW of renewable capacity, including 1.5 GW wind and 700 MW solar,…
Read moreNordic power futures edge down on softer fuels
(Montel) Nordic front power contracts edged down on Tuesday morning after prior highs amid softer gas and carbon…
Read moreGerman spot power eyes EUR 22 gain on lower wind, solar
(Montel) German day-ahead power prices looked set for a 38% increase on Tuesday as forecasts indicated a drop…
Read moreFortum hedges 60% of 2022 Nordic output at EUR 31/MWh
(Montel) Finnish utility Fortum had hedged 60% of its expected power production for 2022 by the end of…
Read moreEnvironmentalists attack UK’s blue hydrogen strategy
(Montel) Environmentalists have dubbed the UK’s planned hydrogen policy “overhyped” and attacked its preference for so-called blue hydrogen,…
Read moreOil trades flat as China woes weigh on market
(Montel) Oil was trading flat on Tuesday – paring steep losses from the prior session – as continuing…
Read moreTight gas market leads fuel, CO2 surge
(Montel) A tight gas market, compounded by Russian supply fears, led the fuels market to multi-year highs…
Read moreUS LNG exports to exceed those via pipeline in 2021 – EIA
(Montel) US LNG exports are on course to outstrip pipeline exports by an average of 0.6bn cubic…
Read moreNorway industry frets about rising power costs
(Montel) Large industrial power users in Norway are fretting about rising wholesale electricity prices and urge policymakers to…
Read moreGazprom gas exports to Europe jump 23% in January-July
(Montel) Gazprom's gas exports to Europe jumped 23% year on year in the first seven months of 2021,…
Read moreGerman front-year power soars to highest point since 2008
(Montel) The German front-year power contract rose to a near 13-year high on Monday, as the carbon…
Read moreRussian supply fears drive gas prices to new high
(Montel) Prompt European gas contracts surged to a fresh record high on Monday as market participants became…
Read moreCO2 jumps EUR 2.50 on bullish gas, power
(Montel) European carbon allowances rose more than EUR 2.50 on Monday with bullish gas and power.…
Read moreGerman gas plants to cover total CO2 budget by 2030 – MP
(Montel) Germany’s gas-fired power plants are set to account for the country’s entire fossil-fuel carbon emissions budget by…
Read moreCoal prices climb to new multi-year peaks
(Montel) European coal prices rose to new 13-year highs in early Monday trading amid still strong demand…
Read moreSpanish front-year power extends high on CO2, gas surge
(Montel) Spain’s front-year power contract hit a record high of EUR 87.50/MWh on Monday amid surging carbon and…
Read moreGazprom books extra 0.65mcm/day of gas transit capacity
(Montel) Russia's Gazprom has booked an additional 0.65mcm/day of gas transit capacity via Ukraine to European destinations…
Read moreGermany on track for record emissions growth – Agora
(Montel) German carbon emissions will climb by their fastest pace in at least 30 years this year…
Read moreNordic power hits fresh highs on dry outlook
(Montel) Nordic power for September and Q4 hit fresh record highs on Monday as weather forecasts turn drier…
Read moreEuropean LNG terminals expect 1.7bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 1.7bcm this week, potentially bringing imports…
Read moreFrench spot power prices turn negative on strong wind
(Montel) French day-ahead power prices turned negative for two hours on Monday amid strong wind output.…
Read moreNorway’s July gas exports rise 9%
(Montel) Norway exported 9.6bcm of natural in July, up 8.8% on the same month last year, Statistics Norway…
Read moreGerman spot power to fall amid surging wind output
(Montel) German day-ahead power prices looked set to fall almost EUR 10 on Monday amid expectations of higher…
Read moreCrude prices fall on demand concerns amid virus lockdowns
(Montel) Crude oil was lower early on Monday on demand pessimism amid lockdowns resulting from the spread of…
Read moreCO2, gas and coal prices weaken after volatile week
(Montel) European carbon, gas and coal prices traded lower on Friday afternoon, with some participants citing profit-taking in…
Read moreIgnitis acquires 160 MW wind power in Latvia
(Montel) Lithuanian energy group Ignitis has agreed to buy three wind farm projects with a combined capacity of…
Read moreFinland grants EUR 87m to promote green transition
(Montel) The Finnish ministry of economic affairs has set aside EUR 87m in subsidies to industries that switch…
Read morePoland's power imports slump 25% in H1
(Montel) Poland's power imports slumped 25% year on year in H1 to 5.5 TWh, data from TSO PSE…
Read moreGazprom’s gas auction sales reach 8.7 TWh so far in August
(Montel) Russian energy company Gazprom has sold 8.7 TWh (835mcm) of natural gas to European customers in August…
Read moreRising nuclear supply to pressure French power next week
(Montel) French power spot prices look set to ease next week amid low demand and higher nuclear…
Read moreGas prices correct down but bullishness remains
(Montel) European gas prices corrected down on Friday, while the underlying trend remained bullish due to the…
Read moreEUAs may test new highs amid fuel switching
(Montel) European carbon prices could test fresh highs next week if lofty gas prices continue to spur power…
Read moreNo hot weather on horizon for Germany to summer’s end
(Montel) Germany is likely to see a cooler spell next week, then average temperatures into September, while wind…
Read moreNordic power curve falls on weaker carbon, gas
(Montel) Curve prices on the Nordic power market fell on Friday with weaker carbon and gas prices, while…
Read moreGerman spot power eyes 5-week high next week
(Montel) German spot power prices look set to average near a five-week high next week as improving…
Read moreEndesa buys 350 MW green power portfolio from Abo Wind
(Montel) Spanish utility Endesa has purchased a 350 MW green power portfolio from developer Abo Wind, comprising three…
Read moreOil falls on demand fears as Delta variant spreads
(Montel) Oil was falling on Friday amid concerns of weaker demand as the Delta variant of the coronavirus…
Read moreFrench front-year power soars to fresh 13-year high
(Montel) French front-year power hit a fresh 13-year high on Thursday with gas and coal prices also…
Read moreCoal hits highs on winter concerns
(Montel) European coal prices extended recent highs on Thursday, as the prospect of potential energy shortfalls this…
Read moreMacquarie unit to bid for Norwegian wind capacity
(Montel) Australian bank Macquarie’s Green Investment Group (GIG) will join Agder Energi and Vaargronn in a joint bid…
Read moreGO Nordic hydro curve nears 1 EUR amid bullish sentiment
(Montel) Far-curve prices for European hydropower guarantees of origin (GOs) were climbing towards EUR 1 amid bullish sentiment,…
Read moreRenewables, not EUAs, will push lignite out of market – RWE
(Montel) Increasing carbon prices will not lead to a faster lignite and coal exit in Germany without more…
Read moreFreyr plans large battery factory in Finland
(Montel) Norwegian battery producer Freyr has entered a non-binding agreement with Finnish Minerals Group and the city of…
Read moreFront-month gas prices firm amid ongoing supply concerns
(Montel) European gas contracts for September delivery traded firmer on Thursday as the market focused on procuring enough…
Read moreNewcastle coal index surges 10% in a week
(Montel) Australia’s Newcastle thermal coal export price has surged 10% over the last seven days to hit…
Read moreIEA revises down oil demand outlook; Opec maintains its view
(Montel) The International Energy Agency has lowered its global oil demand outlook for the second half of the…
Read moreNordic power futures hit fresh highs on strong fuels
(Montel) Nordic power futures for September and Q4 rose to fresh contract highs on Thursday, buoyed by gas…
Read moreEC rules out wholesale power market reform – Spain minister
(Montel) The European Commission (EC) has no plans to change the wholesale power market to tackle soaring…
Read moreRWE’s carbon hedges outweigh EUR 780m H1 lignite impairment
(Montel) German utility RWE booked an impairment of EUR 780m for its lignite assets in H1, though this…
Read moreIndustry hits out at ETS policy as power prices soar
(Montel) The EU should remove the market stability reserve in the EU ETS and continue handing out free…
Read moreRising wind to push German spot power back below EUR 100/MWh
(Montel) German day-ahead power prices looked set to pull back from a five-week high on Thursday, as…
Read moreRWE’s coal, nuclear earnings nearly triple in H1
(Montel) German utility RWE’s earnings before interest and tax (Ebit) in the coal and nuclear segment jumped nearly…
Read moreOil trades mixed after US urges Opec to boost output
(Montel) Crude oil prices traded narrowly mixed early on Thursday after the Biden administration urged Opec and its…
Read moreGas prices continue to climb on tight supply
(Montel) European gas prices continued to hit multi-year highs in afternoon trading on Wednesday, as a tight supply…
Read moreGerman Cal 22 power extends 13-year high amid gas prices
(Montel) Germany’s benchmark power contract for delivery next year rose further on Wednesday, as buoyant gas prices outweighed…
Read moreTraders see gas as key driver for power into winter
(Montel) European power prices exceeding EUR 100/MWh in recent weeks have been fanned by a gas price…
Read moreEU spot power extends highs amid winter gas jitters
(Montel) European spot power prices continued to rally, setting fresh highs for Thursday delivery, as market participants…
Read moreSpain to grant funds for 418 MW of new renewable capacity
(Montel) Spain is awarding EUR 76m to 79 renewable energy projects in the industrial sector to aid…
Read moreSouthern Sweden spot price hits record high EUR 106
(Montel) Thursday's spot price in the SE4 bidding zone of southern Sweden hit a record high of EUR…
Read moreUniper still sees risk for Nord Stream 2 pipeline launch
(Montel) Uniper considers Germany’s federal election in September as one risk for this year’s planned launch of the…
Read moreItaly July power demand climbs 5% to 30.3 TWh on year – TSO
(Montel) Power demand in Italy rose nearly 5% year on year to 30.3 TWh in July, but was…
Read moreUniper’s EU power generation emissions rise 25%
(Montel) Uniper’s carbon emissions from its power plants in the EU rose 25% to 9m tonnes in the…
Read moreTTF gas contracts continue upward trajectory
(Montel) Gas contracts at the Dutch TTF hub inched up from already-high levels on Wednesday, as Norwegian…
Read moreJuly PPA prices rise in Nordics, UK, fall in Poland – report
(Montel) Prices of power purchase agreements (PPA) in the Nordics and the UK rose nearly 5% and 2%…
Read moreNordic power trades lower but still near record levels
(Montel) Nordic power futures traded lower on Wednesday but remained near record highs, as traders waited for weather…
Read moreGerman spot power edges higher with weaker wind
(Montel) German day-ahead power prices on Wednesday looked set to extend their highest levels in five weeks,…
Read moreUniper’s H1 earnings fall 16% on carbon hedging
(Montel) German utility Uniper’s adjusted earnings before interest and taxes fell 16.1% year on year to EUR 580m…
Read moreEon hedges 71% of its 2022 nuclear generation at EUR 47/MWh
(Montel) Eon had hedged 71% of its 2022 nuclear power generation by the end of the first…
Read moreBrent crude holds above USD 70/bbl amid demand hopes
(Montel) Crude oil prices were little changed in early trading on Wednesday as some investors remained hopeful…
Read moreSupply constraints bump energy complex higher
(Montel) Gas, coal and carbon contracts extended recent highs on Tuesday as pipeline disruptions and weather forecasts…
Read moreFinland to get first green hydrogen plant in 2024
(Montel) Finland’s P2X Solutions wants to open the country’s first green hydrogen plant in Harjavalta, western Finland, in…
Read moreGerman front-quarter power hits record high on fuel costs
(Montel) German power delivery for the coming quarter hit a record high above EUR 100/MWh on Tuesday,…
Read morePoland adds 305 MW solar capacity in June
(Montel) Poland added 305 MW of solar capacity in June, raising the country's total capacity to 5,232 MW,…
Read moreGerman, Spanish, French power flirts with, tops EUR 100/MWh
(Montel) Prices for Wednesday baseload power settled around EUR 100/MWh in several European markets amid spiralling gas prices…
Read moreSweden's Helios doubles solar portfolio to 1 GW
(Montel) Swedish solar developer Helios Nordic Energy has added 10 projects equivalent to a potential 500 MW to…
Read morePGE appoints new head of its 13 GW generation arm
(Montel) Poland’s biggest power utility, PGE, on Tuesday named Andrzej Legezynski as the new head of its 13…
Read moreSpot gas prices set fresh multi-year highs amid tight supply
(Montel) European day-ahead gas prices climbed to fresh multi-year highs on Tuesday, as reduced flows from Norway and…
Read moreEngie to appeal denial of 875 MW gas plant permit in Belgium
(Montel) Engie's Electrabel subsidiary in Belgium plans to appeal the refusal by Flemish Brabant province to grant…
Read moreNordic power jumps to new highs on firm spot, dry weather
(Montel) - Nordic power for September and Q4 hit new contract highs on Tuesday, buoyed by ever-firmer spot…
Read moreGerman spot power to rise EUR 12 on plummeting wind output
(Montel) German day-ahead power prices looked set for a 13% increase on Tuesday as forecasts showed wind power…
Read moreCrude rises despite ongoing China demand concerns
(Montel) Crude oil moved cautiously higher early on Monday amid continuing concerns about declining demand in China, the…
Read moreGerman regulator welcomes plans for 700 MW cable to Sweden
(Montel) Germany’s energy regulator BNA on Monday welcomed plans for a third electricity interconnector to Sweden, saying it…
Read moreCO2, fuels trade mixed in volatile session
(Montel) European carbon and fuels prices were narrowly mixed in Monday afternoon trading, although the overall sentiment remained…
Read moreIPCC report may hasten EU climate policy response – analysts
(Montel) A UN report that warned on Monday the world would surpass 1.5C of warming in the next…
Read moreGerman Cal 22 power gains and may hit EUR 80/MWh this week
(Montel) The German front-year power contract gained in Monday’s session and could reach EUR 80/MWh later this…
Read moreGas contracts fall amid unchanged fundamentals
(Montel) European gas contracts corrected lower on Monday while bullish fundamentals, including low storage and global LNG tightness,…
Read moreSpanish spot power extends record high above EUR 111/MWh
(Montel) Spain’s day-ahead power price extended a record high on Monday amid low wind generation levels and…
Read moreFront-year coal extends gains towards USD 100/t
(Montel) European coal prices for the year ahead were likely to exceed USD 100/t later this week after…
Read moreEuropean LNG terminals expect 1.5bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 1.5bcm this week, potentially bringing imports…
Read moreNordic power futures hit fresh highs on tight hydro supply
(Montel) Nordic power futures rose to fresh contract highs on Monday, as the latest weather forecasts suggested hydropower…
Read morePoland faces 10 GW power supply deficit in 2030
(Montel) Poland could see a power supply deficit of 10 GW by the end of the decade due…
Read moreOctopus Renewables buys stake in floating offshore wind firm
(Montel) UK investor Octopus Renewables Infrastructure Trust (Orit) has acquired a 12% stake in floating offshore wind developer…
Read moreOPD sells 1 GW Spanish solar portfolio to Bruc Energy
(Montel) Spanish renewables firm OPD Energy sold a solar portfolio with 20 projects in Spain totalling 1,044…
Read moreGerman spot power to recover as wind output halves
(Montel) German day-ahead power prices on Monday looked set to rebound as weather models predicted wind energy…
Read moreGerman power turns negative for 11 hours on Sunday
(Montel) German-day ahead power prices turned negative for 11 consecutive hours on Sunday, as elevated wind production…
Read moreGas prices climb on supply concerns
(Montel) European gas prices were rising and remained at multi-year highs on Friday afternoon after a fire at…
Read moreCzech solar gets EUR 202m from EU ETS modernisation fund
(Montel) Plans to develop some 3.5 GW of solar capacity in the Czech Republic this decade have…
Read moreFrench front-year power nears 13-year high amid strong fuels
(Montel) French front-year power rose to a nearly 13-year high on Friday, while Q4 and front-month contracts…
Read moreGerman power advances on support from gas, CO2, coal
(Montel) German front-year power built on gains from the previous session on Friday, lifted by strength in the…
Read moreGas prices rise to new highs amid lower Russian flows
(Montel) European gas prices rose to new highs on Friday as lower Russian flows, apparently resulting in…
Read moreSpain’s Cal 22 power surges to new high above EUR 78/MWh
(Montel) Spanish front-year power rose to a fresh high of EUR 78.50/MWh on Friday, driven by gains…
Read moreGerman coal importers revise up outlook for 2021
(Montel) Germany’s coal importers association (VDKI) has reversed earlier expectations of a continued decline in coal imports…
Read moreEUAs may revisit highs on bullish gas
(Montel) European carbon prices could revisit their recent all-time high in the coming week, underpinned by unyielding gains…
Read moreNordic power contracts climb EUR 1 to new highs
(Montel) Nordic power futures for September and Q4 rose to fresh contract highs on Friday, buoyed by solid…
Read moreGerman spot set to rise next week on weaker wind
(Montel) German spot power prices looked set to gain next week amid expectations of declining wind, though…
Read moreBrent crude set for 6% weekly loss amid demand worries
(Montel) Crude oil prices traded a shade higher early on Friday, though the Brent benchmark was still on…
Read moreFrench power Q4 hits 10-year high in the wake of strong gas
(Montel) French front-quarter power reached a nearly 11-year high on Thursday amid stronger gas and coal prices.…
Read moreCO2 falls on gas weakness amid low volumes
(Montel) European carbon prices were slipping on Thursday as gas weakness spilled into the CO2 market amid subdued…
Read moreGerman power front month falls on weaker gas, more wind
(Montel) German power for delivery next month retreated somewhat on Thursday amid weaker gas and carbon prices and…
Read morePrompt gas prices slide as pipeline flows improve
(Montel) European front-month gas prices slumped on Thursday morning amid an increase in pipeline supplies.…
Read moreHydropower Cal 21 GOs steady amid muted trading
(Montel) Prices for European hydropower guarantees of origin (GO) have held steady this week, hovering around the one-year…
Read moreBatteries may gain from price surges, volatility – analysts
(Montel) Energy storage systems such as batteries can benefit from rising power prices and spot market volatility…
Read moreItaly to end explicit intraday auctions for France, Austria
(Montel) Italy will end its explicit intraday auctions on the borders with France and Austria in September, when…
Read moreNewcastle coal index eases marginally
(Montel) Australia’s Newcastle thermal coal export price has eased slightly over the past week, though it remains…
Read moreNordic power futures slip despite flagging hydro supply
(Montel) Nordic power futures edged lower on Thursday despite the prospect of flagging hydropower supply in the coming…
Read moreSSE Renewables seeks 80 MW boost at Scottish wind farm
(Montel) UK developer SSE Renewables is seeking permission from the Scottish government to boost output at its Achany…
Read moreBP eyes 1 GW blue hydrogen deals with four firms in UK
(Montel) BP has announced preliminary agreements with four potential new customers to supply up to 1 GW of…
Read moreEDP sells 149 MW wind portfolio in Poland to Mirova
(Montel) Portuguese utility EDP has sold a 149 MW wind portfolio in Poland to Mirova, an affiliate…
Read moreGerman spot power to shed EUR 24 as wind surges
(Montel) German day-ahead power looked set to lose EUR 24 on Thursday as forecasts showed a near…
Read moreOil prices edge up after Wednesday’s sharp drop
(Montel) Crude oil prices traded a shade up early on Thursday following a sharp drop in the previous…
Read moreNordic power set for further gains amid tight supply – EQ
(Montel) Nordic power prices looked set for further gains in the coming weeks as persistent dry weather threatened…
Read moreAlgerian gas supply curb to Italy extends to Saturday – Eni
(Montel) Gas supply from Algeria to Italy has been cut by 15-20% and that unavailability could continue until…
Read moreEEX urges EC to abandon carbon contracts for difference
(Montel) The European Commission should abandon plans to use carbon contracts for difference (CCFDs) to promote new…
Read moreSwedish developer eyes 4.5 GW of floating wind
(Montel) Swedish floating wind power developer Hexicon is planning three projects in the south of the Scandinavian nation…
Read moreCarbon hits 3-week high after bullish auction
(Montel) European carbon prices rose to three-week highs on Wednesday in tandem with gains in the gas…
Read moreGerman front-year power hovers near 13-year high
(Montel) German front-year power prices hovered close to their highest levels in 13 years on Wednesday as…
Read moreGas front month rebounds amid higher CO2, low supplies
(Montel) European front-month gas firmed on Wednesday, supported by rising carbon prices and continued supply limitations.…
Read moreUniper to close 505 MW UK coal capacity next year
(Montel) Uniper will shut one of four 505 MW units at its Ratcliffe-on-Soar coal-fired plant, in northern…
Read moreIndonesia sets August coal price at multi-year high
(Montel) Indonesia has set its August coal reference price at a multi-year high of USD 130.99/t, up…
Read moreNordic power curve gains on dry weather outlook
(Montel) Nordic power futures continued to gain on Wednesday, as persistent dry weather forecasts continued to increase the…
Read moreAlgerian gas flows to Italy cut by 25% until Friday – Eni
(Montel) Gas supply from Algeria to Italy has been cut by about 25% since Tuesday and could remain…
Read moreOlkiluoto test to proceed despite China problems – regulator
(Montel) Test production at Finland’s 1.6 GW Olkiluoto 3 nuclear reactor will proceed this autumn despite problems at…
Read moreDemand concerns continue to weigh on oil prices
(Montel) Crude oil prices traded flat to a shade down early on Wednesday as concerns over weaker demand…
Read moreGerman spot power to ease amid rising wind power
(Montel) German day-ahead power prices looked set to fall EUR 5 on Wednesday amid expectations of stronger…
Read moreGerman Greens pledge climate ministry with veto rights
(Montel) Germany’s Greens pledged to introduce a climate ministry with veto rights over other government portfolios if…
Read moreCarbon firms on thin permit supply, gas gains
(Montel) European carbon prices stood higher in Tuesday afternoon trading, buoyed by bullish technical signals, reduced auction…
Read moreSpain approves IFM’s partial takeover bid for Naturgy
(Montel) The Spanish government conditionally approved a EUR 5bn bid by Australian fund manager IFM for a…
Read moreStrong CO2 buoys German power market
(Montel) German front-year power rose on Tuesday amid higher carbon prices, while shorter term contracts were supported by…
Read morePrompt gas backs down from Monday’s record high
(Montel) European gas prices eased lower on Tuesday morning as market participants pointed to a correction in…
Read moreLignite tops German power mix in July
(Montel) Lignite-fired power was Germany’s biggest source of electricity last month – for the first time since September…
Read moreNordic power futures hit fresh high on dry outlook
(Montel) Nordic power futures rose on Tuesday morning, with both Q4 and Q1 contracts hitting new record highs…
Read moreEurope LNG supply plunges 37% in July
(Montel) European and west Mediterranean LNG imports slumped 37% on the year in July as strong demand…
Read moreGas becomes Germany’s main energy source – Ageb
(Montel) Gas became Germany’s main source of energy for the first time, displacing oil in the first…
Read moreUK fund manager acquires 50 MW solar farm
(Montel) UK asset manager Gresham House has acquired a 50 MW solar farm from UK renewables company Anesco…
Read moreItaly’s amended green energy law still falls short – experts
(Montel) Parliamentary amendments to a set of rules by the Italian government to boost green energy could still…
Read moreERG to sell 527 MW hydropower portfolio to Enel for EUR 1bn
(Montel) Italian renewable energy operator ERG has agreed to sell its hydropower portfolio, with a capacity of 527…
Read moreBP’s global gas production slips but H1 earnings jump
(Montel) UK oil and gas major BP on Tuesday reported a slight 0.7% year-on-year decline in gas…
Read moreGerman spot power eyes EUR 100 amid low wind output
(Montel) German day-ahead power prices looked set to inch up to EUR 100 as forecasts showed wind…
Read moreCrude oil falls as coronavirus concerns persist
(Montel) Crude oil was falling on Tuesday as concerns about the impact of a third wave of the…
Read moreBelgian local authority approves 0.9 GW Engie gas plant
(Montel) The local authority in eastern Belgium has approved plans by French utility Engie to build an…
Read moreRecord high gas buoys energy complex
(Montel) A continued rise in European gas prices to fresh record highs supported momentum across other energy…
Read moreRussian coal exports jump 9% in July
(Montel) Russian coal exports jumped nearly 9% year on year in July as exporters took advantage of…
Read moreSpanish power generation falls 7% in July – TSO
(Montel) Spanish power generation fell 6.9% year on year in July, to nearly 21.3 TWh, due to…
Read moreCarbon breaches EUR 55/t, eyes further gains
(Montel) European carbon allowances, buoyed by fresh record gas prices, climbed above EUR 55/t on Monday morning…
Read moreEuropean gas contracts gain on supply concerns
(Montel) European gas prices rose on Monday to hit fresh highs amid persistent supply concerns surrounding the forthcoming…
Read moreLimited supply underpins coal market
(Montel) European coal prices hovered close to multi-year highs on Monday, underpinned by limited supply and persisting…
Read moreGerman Cal 22 power hits fresh high on gas surge
(Montel) German front-year power sustained its recent uptrend on Monday to hit a fresh 13-year high as bullishness…
Read moreUK renewables share declines to 2.5-year low
(Montel) Renewable power sources in July accounted for their lowest share of the UK’s power mix since…
Read moreSpanish spot power set for gain this week on low wind
(Montel) Spanish spot power prices looked set to rise this week amid expectations of lower wind production,…
Read moreFrench nuclear output jumps 21% on year in July
(Montel) French nuclear power generation rebounded 5.9 TWh, or 20.8%, year on year in July to 28.4…
Read moreNordic Q4 power sets new high on dry weather, strong fuels
(Montel) Nordic front-quarter power was trading at a fresh record high on Monday amid drier weather forecasts, strong…
Read moreGalp buys 220 MW solar projects in Spain
(Montel) Portuguese energy company Galp has acquired more than 220 MW of solar projects from Enerland for…
Read moreEdison acquires 40 MW of wind power in Italy
(Montel) Italian energy company Edison has added 40 MW of new wind energy capacity raising its total installed…
Read moreEuropean LNG terminals expect 1.2bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 1.2bcm this week, while July deliveries…
Read moreGerman spot power eyes 20% jump as wind output declines
(Montel) German day-ahead power prices looked set to rise over 20% on Monday amid a slump in…
Read moreCrude prices fall as Opec+ increases production
(Montel) Crude oil was lower early on Monday, as a new Opec+ agreement to increase output took effect…
Read moreGas markets fall despite bullish indicators
(Montel) European gas prices were falling on Friday amid a technical correction that could extend into next week…
Read moreLignite generation rebounds with high gas prices
(Montel) The competitiveness of emissions intensive lignite-fired power plants has reversed its slump this year – despite…
Read moreGerman Cal 22 power retraces on weakening fuels
(Montel) German front year power fell over EUR 1 on Friday, tracking similar losses in the gas and…
Read moreGas prices correct down after bullish week
(Montel) European gas prices fell on Friday afternoon with traders attributing it to a correction after the market…
Read moreBullish gas, power to buoy CO2
(Montel) European carbon prices were up on the week on Friday morning at around EUR 53/t amid bullish…
Read moreNordic power futures rise on dry outlook, strong spot
(Montel) Nordic power futures closer in rose on Friday as a deficit in hydropower supply was expected to…
Read moreGerman spot power to surge next week as wind diminishes
(Montel) German spot power prices looked set to soar over 50% next week amid a lower wind…
Read moreEni boosts 2021 renewable capacity target to 1.2 GW
(Montel) Italian energy company Eni has boosted its 2021 target for installed renewable capacity from 0.7 GW to…
Read moreLNG market faces supply shortfall to 2025 – Novatek
(Montel) The global LNG market faces a shortfall in supply until the middle of the decade due to…
Read moreEngie increases 2021 hedging volume to 93% at EUR 47/MWh
(Montel) Engie had hedged 93% of its expected 2021 European nuclear and hydropower production at EUR 47/MWh…
Read moreGlencore’s coal output falls 16% in H1
(Montel) Glencore produced 48.7m tonnes of predominantly thermal coal in the first half of 2021, down 16%…
Read moreRWE revises up full-year earnings outlook on strong trading
(Montel) German utility RWE has revised up its full-year earnings outlook for 2021 based on the performance of…
Read moreSpanish court dismisses Repsol from criminal probe
(Montel) Spain’s High Court dismissed energy company Repsol and its chairman Antonio Brufau from an investigation in…
Read moreOil falls as coronavirus concerns continue to weigh
(Montel) Oil prices were falling on Friday as concerns about the impact of the coronavirus on demand continued…
Read moreIndustry must embrace PPAs to boost competitiveness – Enel
(Montel) Industry should look to benefit more from long-term power purchase agreements (PPA) to mitigate the impact of…
Read moreEnel hedges 99% of 2022 capacity at EUR 60.70/MWh
(Montel) Italian utility Enel had hedged 99% of its domestic capacity for next year at EUR 60.70/MWh by…
Read moreWind, gas dearth a concern for winter UK power – expert
(Montel) The UK faces spiralling power prices this winter should low gas stocks and limited renewable generation…
Read moreCoal rises to fresh 13-year high
(Montel) European prompt coal prices rose to new 13-year highs in Thursday trading as still limited near-term…
Read moreItaly’s LNG regasification operations dive 42% in H1 – TSO
(Montel) Regasification operations at Italian LNG terminals fell 42% year on year to 0.8bcm in the first half…
Read moreSpain’s Repsol raises green capacity, hydrogen targets
(Montel) Spanish energy firm Repsol raised its 2025 global green capacity target from 5.2 GW to 6 GW…
Read moreGerman power futures rise on high gas prices, low wind
(Montel) German power front week and monthly contracts rose on Thursday amid lofty gas prices and forecasts…
Read moreENBW ties EUR 1bn writedowns to tightening climate policies
(Montel) ENBW’s recent writedowns of around EUR 1.25bn were largely connected to climate policies worsening the prospects…
Read moreEDP signs 19-year Spanish wind PPAs (237 GWh/yr)
(Montel) EDP has signed a series of 19-year wind power purchase agreements (PPA) with Spanish mining and metals…
Read moreAsia-Pacific coal prices to linger near multi-year highs
(Montel) Pacific-basin benchmark coal prices remain close to multi-year highs on Thursday, amid a persisting dearth of…
Read moreEDF’s CEO “regrets” suspension of restructure
(Montel) EDF’s CEO “regrets” the government’s decision to suspend its project to restructure the company due to disagreement…
Read moreTotal sees LNG sales price jump 17% in H1 amid recovery
(Montel) French energy company Total, now known as TotalEnergies, saw its LNG sales prices in H1 jump…
Read moreEesti Energia’s power output rises 45% in Q2
(Montel) Eesti Energia’s power generation rose 45% year on year to 904 GWh in the second quarter, the…
Read moreEDF trading earnings gain 56%, nuclear output recovers
(Montel) EDF’s trading arm benefited from commodity market volatility as its first-half earnings before interest, taxes, depreciation and…
Read moreDrax provides 12% of UK green power in 2020-21
(Montel) UK energy firm Drax provided an estimated 12% of the UK’s renewable power over the past…
Read moreScottish Power signs 15-year 30 MW PPA with retailer Tesco
(Montel) Scottish Power and UK retailer Tesco have signed a 15-year power purchase agreement (PPA) with the electricity…
Read moreENBW trading arm’s H1 earnings slide 12%
(Montel) ENBW’s generation and trading business posted a 12.4% fall in H1 earnings due to temporary negative…
Read moreOrlen’s Q2 power output slides 7% on gas plant outage
(Montel) Polish energy company Orlen’s power generation fell 7% year on year to 2.6 TWh in the second…
Read moreShell’s first half LNG sales drop 13%
(Montel) Royal Dutch Shell’s LNG sales fell 13% year on year to 32.3m tonnes (43.9bcm) in the…
Read moreVerbund hedges 47% of 2022 output at EUR 56.30/MWh
(Montel) Austrian utility Verbund had hedged 47% of its 2022 hydropower output at EUR 56.30/MWh by the end…
Read moreBrent crude climbs above USD 75 on inventory drawdowns
(Montel) Crude oil prices extended the previous session’s gains early on Thursday as drawdowns in oil inventories and…
Read moreGerman spot power eyes 59% jump as wind output falls
(Montel) German day-ahead power looked set to rise around EUR 27 on Thursday as forecasts pointed to…
Read moreFrench government suspends EDF restructure – unions
(Montel) France has suspended its planned restructure of EDF in “the short term” due to disagreement with the…
Read moreEU gas stocks must refill quickly before winter – Equinor
(Montel) Europe's gas inventories are at their lowest levels in years and must be replenished quickly to…
Read moreNaturgy to cut third of LNG supply by 2025 due to volatility
(Montel) Naturgy plans to cut its LNG supply from 150 TWh/year in 2019 to 100 TWh/year by 2025…
Read moreCO2 climbs amid bullish energy complex
(Montel) European carbon prices rose on Wednesday, underpinned by bullish sentiment in gas and the rest of the…
Read moreFrench power slides EUR 18 on strong renewables outlook
(Montel) The French day-ahead power price plunged EUR 18.33, or 27%, on Epex exchange on Wednesday, while…
Read moreExperts urge UK to allow China nuclear investment
(Montel) The UK’s plans to reach net zero carbon emissions by 2050 could stall if the government rules…
Read moreKinect signs PPA for 188 MW Finnish wind farm
(Montel) Kinect Energy has signed a power purchase agreement (PPA) with German renewables developer WPD involving an under-construction…
Read moreFront-year German power eyes return to 13-year high
(Montel) German front-year power prices approached a 13-year high struck earlier this month on Wednesday as fuel…
Read moreSpain capacity mechanism should be cross border – regulator
(Montel) Spain's energy regulator called on Wednesday for cross-border participants to be included in the country’s planned capacity…
Read moreNaturgy plans 5 GW European green growth by 2025
Spanish energy firm Naturgy plans to grow its European renewables portfolio by around 5.2 GW by 2025,…
Read moreGas prices reach record highs on CO2 gains
(Montel) European gas contracts reached record highs on Wednesday amid ongoing tight fundamentals and a rising CO2 price.…
Read moreSoaring spot coal suggests no abatement of tight supply soon
(Montel) Prompt European coal prices surged to a fresh decade high on Wednesday, while their widening spread…
Read moreNordic Q4 power jumps EUR 2 on drier outlook
(Montel) Nordic power futures jumped EUR 2 to two-week highs on Wednesday as hydropower supply was not expected…
Read moreUK must expand EV capacity or face blackouts – MP
(Montel) The UK must expand capacity to meet growing demand for electric vehicle (EV) charging, unless consumer…
Read moreGerman spot power to plunge as wind output doubles
(Montel) German day ahead power prices on Wednesday looked set to deliver their lowest levels for a…
Read moreAxpo, Aquila sign 25 MW Portuguese solar PPAs
(Montel) The Iberian unit of Swiss utility Axpo has signed a series of power purchase agreements (PPAs) with…
Read moreOil prices rise after API reported drop in US stockpiles
(Montel) Oil prices rose in early trading on Wednesday after the American Petroleum Institute (API) reported a sharp…
Read moreEquinor’s renewable power production tumbles 7% in Q2
(Montel) Norwegian energy company Equnior’s renewable power production fell 7% to 282 GWh between April and the…
Read moreAustria’s OMV raises its 2021 oil, gas price outlook
(Montel) Austrian oil and gas company OMV raised its outlook for oil and gas prices for a second…
Read moreRenewables winning out in power mix during pandemic
(Montel) European renewable energy growth has prevented fossil fuel-fired power generation from returning to its pre-coronavirus levels…
Read moreCO2 trades sideways, gas gains
(Montel) European carbon prices were range-bound on Tuesday but could break in either direction amid a surge in…
Read moreFrance regains top spot as European power exporter
(Montel) France regained its position as top European power exporter in the first half of the year as…
Read moreNordic power set for most expensive July on record
(Montel) Nordic spot power prices are set to average around EUR 54/MWh this month, which would make it…
Read moreGerman power front month climbs amid gas strength
(Montel) German front-month power gained ground on Tuesday amid strength in the gas market.…
Read moreFrench unions urge EU to include nuclear in green goals
(Montel) France's four main energy unions, along with those Europe-wide, have reiterated calls for the European Commission to…
Read moreEndesa CEO expects lofty power prices to hold into autumn
(Montel) Spanish wholesale power prices looked poised to remain at high levels “in the next few months” on…
Read moreAcciona, SSE team up to build Polish offshore farms
(Montel) Spain's Acciona Energia and the UK's SSE Renewables have struck a deal to jointly apply for offshore…
Read moreGas prompt extends rally as fresh records loom
(Montel) Front-month gas prices on Tuesday climbed towards some of their highest levels in years as supportive…
Read moreGerman onshore wind may expand by 2.4 GW in 2021 – industry
(Montel) Germany’s onshore wind capacity looked set to expand by 2.2-2.4 GW this year following growth of…
Read moreGazprom again snubs extra Ukrainian gas transit capacity
(Montel) Russia’s Gazprom has again refused to book 63.7mcm/day of additional intermittent gas transit capacity to Europe…
Read moreNordic August power eases on wet weather, Q4 rises on fuels
(Montel) The Nordic power front month inched down on Tuesday, pressured by wetter and windier weather over…
Read moreRussian coal traffic “fully restored” to eastern ports
(Montel) Rail operator Russian Railways (RZD) has resumed full operations on a line serving the country’s far-eastern…
Read moreGerman spot power eyes EUR 7 drop as wind surges
(Montel) German day-ahead power prices looked set to fall more than EUR 7 on Tuesday amid expectations…
Read moreOil prices firm in range-bound trading
(Montel) Oil prices stood in positive territory early on Tuesday as some positive signs of demand growth offset…
Read moreRWE lignite generation climbs 50% in first half
(Montel) RWE’s lignite-fired power generation jumped by 50% in the first half of this year amid improved…
Read moreCO2 continues rebound after dip below EUR 50/t
(Montel) European carbon prices rose on Monday, continuing a recovery after dipping below EUR 50/t on Friday, in…
Read moreGalp seeks PPAs outside Iberia due to low prices
(Montel) Portuguese energy company Galp would look for long-term power purchase agreements (PPAs) outside Iberia to fuel its…
Read moreGerman Cal 22 power rises with higher gas, carbon, coal
(Montel) German power for delivery next year rose on Monday amid higher gas, carbon and coal prices and…
Read moreAug TTF gains EUR 1 on Norway outage, Asian LNG
(Montel) European front-month gas jumped more than EUR 1 on Monday in response to an unplanned outage…
Read moreEni buys renewable portfolio of 3 GW in France, Spain
(Montel) Italian energy company Eni has bought a renewable energy portfolio of 3 GW in France and Spain…
Read moreSpanish spot power set to ease on lower demand, steady wind
(Montel) Spanish spot power prices looked set to drop this week amid expectations of less demand and…
Read moreTight coal supply to underpin prices
(Montel) European coal prices will likely continue to garner support this week from tight prompt supply, although…
Read moreEni buys 1.2 GW Spanish solar, wind power development
(Montel) Italian utility Eni has bought a 1.2 GW portfolio of nine solar and wind power projects in…
Read moreEngie may appeal “unusual” Flemish refusal of 875 MW plant
(Montel) Engie’s Electrabel subsidiary in Belgium may appeal what it calls an “unusual” decision by a Flemish…
Read moreItaly’s June power demand jumps 14% on year – TSO
(Montel) Power demand in Italy jumped 14% year on year to 27.4 TWh in June but was 2%…
Read moreTotal, Air Liquide sign 50 GWh/year PPA in Belgium
(Montel) TotalEnergies has signed a power purchase agreement (PPA) to supply Air Liquide in Belgium with 50 GWh/year…
Read moreNordic front power dips on wetter weather outlook
(Montel) The Nordic August power contract traded slightly lower on Monday amid a wetter weather outlook, albeit…
Read moreEuropean LNG terminals expect 2.1bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 2.1bcm this week, potentially bringing imports…
Read moreOctopus to buy 250 MW solar sites in Ireland from Statkraft
(Montel) Octopus Renewables Infrastructure Trust has agreed to buy five solar sites in Ireland from Norwegian utility Statkraft…
Read moreRussian coal traffic resumes on stricken rail line
(Montel) Coal railings have partially resumed following a bridge collapse on a key Russian rail route serving…
Read moreGermany opens 433 MW tender for coal closures in 2023
(Montel) Germany’s energy regulator BNA has opened its fourth hard coal-exit tender for bids to close 433 MW…
Read moreGerman spot power to ease as wind output doubles
(Montel) German day-ahead power prices looked set to dip on Monday following forecasts for stronger wind output.…
Read moreCrude prices fall on demand concerns amid virus spread
(Montel) Crude oil was lower early on Monday on concerns of declining demand amid the spread of…
Read moreOne-hour blackout hits 1m homes in Iberia on Saturday
(Montel) Spain and Portugal saw power cuts during one hour on Saturday afternoon after a disruption of the…
Read moreCO2 gains to edge away from EUR 50/t
(Montel) European carbon prices climbed away from an earlier test of the psychologically important EUR 50/t level…
Read moreRussian bridge collapse halts coal railings to ports
(Montel) A bridge collapse on Russia’s Trans-Baikal railway system has brought coal railings to eastern export ports…
Read moreGerman power CO2 emissions stay below 2019 levels – analyst
(Montel) A rebound in German thermal power generation that has accompanied economic recovery from the coronavirus has…
Read moreRWE, Shell, Gasunie, Equinor mull North Sea hydrogen hub
(Montel) European energy companies RWE, Shell, Gasunie and Equinor have agreed to intensify their collaboration on possibly developing…
Read moreGerman August power slides amid weaker fuels, windy outlook
(Montel) German front-month power eased on Friday, extending a recent downtrend amid an overall bearish energy complex, with…
Read moreRussian coal output jumps 9% in H1 amid price surge
(Montel) Russian coal production grew almost 9% to 210m tonnes in the first half of the year,…
Read moreGas front-month prices fall with CO2, power
(Montel) European front-month gas contracts fell along with lower CO2 and power prices on Friday, although traders…
Read more383 MW Dutch nearshore wind farm starts producing power
(Montel) A 383 MW nearshore wind farm in the Netherlands has started producing power and is expected…
Read moreCarbon prices eye drop below EUR 50/t
(Montel) European carbon prices were teetering on the edge of EUR 50/t on Friday morning, as technical…
Read moreForecaster makes Aug outlook U-turn to cool, wet for Europe
(Montel) Forecaster The Weather Company has done a U-turn from its previous August outlook, replacing extreme heat…
Read moreNordic front power drops on wetter forecast
(Montel) Nordic power contracts were trading markedly lower on Friday amid forecasts indicating a shift to wetter-than-normal conditions,…
Read moreEEX publishes trimmed CO2 auction schedule from September
(Montel) The EEX exchange has published a revised auction schedule for carbon allowances this year which trims…
Read moreGerman spot power to gain next week amid flagging solar
(Montel) German spot power prices looked set to climb next week amid weak solar output expectations, though…
Read moreTaishan 1 should be shut down due to fuel rod issue – EDF
(Montel) The 1.75 GW Taishan 1 nuclear reactor in China should be shut down due to the “seriousness”…
Read moreBrent crude hovers above USD 73 on demand recovery
(Montel) Oil prices were little changed on Friday on continued signs of recovering demand, though they were tempered…
Read moreGas gains on Asia demand, low Europe storage
(Montel) European gas contracts gained amid support from strong Asia LNG demand and low European gas storage.…
Read moreFrench energy regulator probes late reporting of outages
(Montel) France's CRE energy regulator is investigating delays in the reporting of nuclear outages last year during the…
Read moreCO2 slips to 6-week low as technical pressure mounts
(Montel) European carbon prices fell outside a recent trading range to dip to their lowest levels in more…
Read moreGerman front-year power slides near EUR 1 on "summer slump"
(Montel) Germany’s benchmark front-year power contract fell around EUR 1 on Thursday as carbon declined and amid thin…
Read morePPAs insufficient to drive UK, Irish green growth – study
(Montel) Subsidies will be vital to promote the growth of renewables capacity in the UK and Ireland as…
Read moreGas prices gain despite Nord Stream 2 agreement
(Montel) European monthly and quarterly gas prices rose on Thursday despite an agreement between Germany and the US…
Read moreNewcastle coal surges, extends 13-year high
(Montel) Australia’s Newcastle thermal coal export price has surged 14% over the past week to hit its…
Read moreEEX dry freight volumes hit record in H1
(Montel) Energy bourse EEX saw dry freight derivative volumes jump 42% in January-June to the highest on…
Read moreNordic Aug power extends losses on windy, unsettled outlook
(Montel) The Nordic front-month contract extended losses for third consecutive day on Thursday, pressurised by forecasts of…
Read moreWood pellet exports overtake coal at Riga port
(Montel) Exports of wood pellets, for use in power generation and heating, from the Latvian port of…
Read moreFrench nuclear plants on Rhone face capacity cuts – analyst
(Montel) A risk of capacity cuts at French nuclear plants on the river Rhone remains in the event…
Read moreUtilities seen driving PPA price direction
(Montel) Utilities have dominated the share of European power purchase agreements (PPAs), meaning counterparties will need to hedge…
Read moreScotWind seabed leasing auction attracts 74 bids
(Montel) ScotWind, the seabed leasing auction for developers bidding to build offshore wind farms in Scottish waters, has…
Read moreGerman spot power steadies on waning wind, rising solar
(Montel) German day-ahead power prices looked set to stay steady on Thursday as forecasts predicted solar production…
Read moreBrent crude holds above USD 72 on positive demand signals
(Montel) Oil prices traded little changed early on Thursday after sharp gains in the previous session driven by…
Read moreStatkraft trading arm posts 50% rise in H1 profit
(Montel) The trading arm of Norway’s Statkraft posted an operating profit of NOK 2bn (EUR 191m) in the…
Read moreUS, Germany reach Nord Stream 2 deal
(Montel) The US has lifted a threat of sanctions against Russia’s near-complete Nord Stream 2 gas pipeline…
Read moreCoal jumps EUR 2 on tight market
(Montel) European coal prices jumped EUR 2 on Wednesday towards recent multi-year highs amid tightening conditions in the…
Read moreGermany could decarbonise its energy in 15 years – DIW
(Montel) Germany could decarbonise its entire energy chain within 10-15 years through a combination of electrification and…
Read moreUK’s LNG supply dearth set to persist amid Asian demand
(Montel) The UK continues to face a severe lack of LNG amid still strong Asian demand for…
Read moreEast European countries to cooperate on gas trading
(Montel) Market participants have signed a memorandum of understanding on the development of an integrated South-Eastern and…
Read moreGas prices rebound with wider energy complex
(Montel) European gas prices recovered from a fall during the previous session on Wednesday morning in line…
Read moreIberdrola unable to benefit from record power prices – CEO
(Montel) Iberdrola was unable to benefit from record spot power prices, the Spanish utility’s chief executive said on…
Read moreNordic power front month falls after gains on drier outlook
(Montel) The Nordic front-month power contract was lower on Wednesday after being supported earlier by drier forecasts…
Read moreColombian coal exports slide 15% in first half
(Montel) Colombian coal exports in the first half declined 15% to 27.3m tonnes amid industrial disputes and…
Read moreDutch court approves Groningen gas cut to 8.1bcm this year
(Montel) A Dutch court on Wednesday ruled in favour of the ministry of economic affairs and climate policy’s…
Read moreEDP acquires 544 MW wind and solar portfolio in UK
(Montel) Portuguese utility EDP has acquired a 544 MW wind and solar portfolio in the UK in deals…
Read moreLow wind output continues to support German spot power
(Montel) German day-ahead power looked set to edge up over EUR 1 on Wednesday as flagging wind generation…
Read moreOil prices slump after report of surprise US inventory build
(Montel) Oil prices traded lower early on Wednesday after a US industry report in the previous session showed…
Read moreEDF confirms fuel-rod corrosion at third French reactor
(Montel) EDF has confirmed “unusual” corrosion of fuel-rod cladding at a third French reactor, Cattenom 3 (1.3 GW),…
Read moreVattenfall boss defends hedging due to market volatility
(Montel) Swedish utility Vattenfall’s CEO Anna Borg defended high hedging ratios in the Nordic region for the…
Read moreCoal falls back from 13-year high
(Montel) European prompt coal prices dropped sharply from the previous session’s 13-year highs, amid a technical correction…
Read moreCarbon markets convergence to wait until next decade – EC
(Montel) The European Commission does not expect to merge its proposed emissions trading scheme for transport and heating…
Read moreGerman power futures fall in line with CO2
(Montel) German power futures prices fell on Tuesday amid flagging CO2 prices and in the wake of…
Read moreSpanish spot power hits record high above EUR 106
(Montel) Spanish day-ahead power hit a record high above EUR 106/MWh on Tuesday, buoyed by strong demand, low…
Read moreGermany must quadruple green capacity to meet goals – TSOs
(Montel) Germany needs to nearly quadruple its current wind and solar capacity to more than 450 GW to…
Read moreGas curve falls EUR 1.50 on supply hopes, cool outlook
(Montel) European gas prices fell more than EUR 1.50 on Tuesday, dampened by the expected restart of…
Read moreFossil fuel support level untenable for climate goals – BNEF
(Montel) G20 member countries’ support for fossil fuels is still at levels untenable to achieve Paris Agreement…
Read moreNordic wood pellet prices slip to 2-year low
(Montel) Nordic wood pellet prices have fallen to a two-year low amid a seasonal lull in demand,…
Read moreNordic Sept, Q3 power firm on drier weather outlook
(Montel) Nordic power futures for delivery in September and next quarter firmed in early trading on Tuesday as…
Read moreVattenfall hedges 73% of 2022 Nordic output at EUR 28/MWh
(Montel) Vattenfall had sold 73% of its Nordic power production for 2022 at an average price of EUR…
Read moreGerman spot power eyes 6% rise as wind output drops
(Montel) German day-ahead power prices looked set to rise around 6% as forecasts called for wind generation…
Read moreVattenfall posts 6% rise in H1 trading earnings
(Montel) Vattenfall posted a 6% year-on-year increase in first-half operating profit from trading operations to SEK 2.8bn (EUR…
Read moreOil edges up as market digests Opec production boost
(Montel) Oil prices were edging up on Tuesday – after falling 5% in the prior session – as…
Read moreEmissions set to hit record high in 2023 – IEA
(Montel) Global greenhouse gas emissions are set to hit a record high in 2023 “with no clear peak…
Read moreGerman power sector emissions jump 25% in H1 – think tank
(Montel) German power sector carbon emissions jumped by around a quarter to 102.6m tonnes in the first…
Read moreETS reforms to drive steadier CO2 price rises – Refinitiv
(Montel) European Commission proposals to reform the EU carbon market were likely to support a steadier and…
Read moreNordic utilities welcome EU’s new H2 proposals
(Montel) Nordic power producers told Montel they welcomed the European Commission’s new approach to green hydrogen, with…
Read moreOil drops 5% in wake of Opec+ agreement to boost output
(Montel) Crude oil prices traded 5% lower on Monday afternoon after the Opec+ producer group agreed to…
Read moreEuropean gas trading volumes dive 10% in H1 – Prospex
(Montel) European gas trading dropped 10% in the first half from record volumes a year earlier, a report…
Read moreSpanish spot power hits fresh 19-year high
(Montel) Spanish day-ahead power settled at a fresh 19-year high at EUR 101.82/MWh on Monday, amid higher…
Read moreGas futures surge near EUR 2 on supply concerns
(Montel) European front-month gas contracts jumped nearly EUR 2 on Monday, bolstered by strong Asian LNG prices…
Read moreTight coal market drives prices to new 10-year highs
(Montel) European coal prices surged to new 10-year highs in early Monday trading, spurred by tight physical…
Read moreNordic power curve falls on wetter weather outlook
(Montel) Nordic power futures were falling on Monday amid a wetter weather outlook, albeit in a very thin…
Read moreEngie’s nuclear output in Belgium jumps 25% in H1
(Montel) Engie’s nuclear power production in Belgium rose 25% year on year to 23.5 TWh in the…
Read moreBP, ENBW plan joint bid for ScotWind offshore project
(Montel) UK energy giant BP and German power producer ENBW have joined other companies in bidding to develop…
Read moreEuropean LNG terminals expect 1.7bcm this week LNG
(Montel) LNG vessel arrivals at key European destinations could total around 1.7bcm this week, potentially bringing imports…
Read moreGerman spot power set to rise amid reduced green output
(Montel) German day-ahead power prices looked set to rise around EUR 2 on Monday amid expectations of lower…
Read moreRWE cuts output at 1.9 GW lignite plant to 20% amid floods
(Montel) RWE has cut its output at its Weisweiler power plant (1,962 MW) to around 385 MW after…
Read moreEC wants green hydrogen certified to meet 2030 targets
(Montel) The European Commission wants to extend the EU certification requirement for renewable fuels used in transport to…
Read moreFrance seeks “alternative” power cables to boost renewables
(Montel) France aims to install around 750 MW of additional renewables capacity by 2030 that will use new…
Read moreAnalysts expect CO2 prices to hurdle EUR 60/t in 2021
(Montel) Europe’s benchmark carbon price could surpass EUR 60/t by the end of the year, thanks to ETS…
Read moreCoal soars to new decade highs
(Montel) European coal prices surged to fresh decade highs in Friday trading amid disruptions to South African…
Read moreS African coal exports gradually resume amid unrest
(Montel) South Africa’s main coal export hub at Richards Bay is gradually resuming operations after widespread civil…
Read moreGas market continues rise on bullish fundamentals
(Montel) European gas prices rose on Friday as market fundamentals remained bullish amid weak wind generation, low storage…
Read moreEUAs to stay range-bound on expected reforms
(Montel) Europe’s carbon market was likely to remain range-bound between EUR 51-54/t next week as the European Commission’s…
Read moreNordic power futures weaken on windier, wetter outlook
(Montel) Nordic power futures extended the previous day’s losses on Friday as forecasts for wetter and windier…
Read moreShell, Scottish Power in joint floating wind farm bid
(Montel) UK oil major Shell and Scottish Power Renewables, a subsidiary of Spain’s Iberdrola, will bid together to…
Read moreGerman spot power to climb next week as wind plummets
(Montel) German spot power prices looked set to rebound next week amid low wind output forecasts, despite stronger…
Read moreDutch exclude China, Russia from building new nuclear plants
(Montel) The Dutch government has excluded Chinese and Russian investors from building new nuclear plants in the country…
Read moreOil falls as UAE, Saudi Arabia near quota deal agreement
(Montel) Oil was falling on Friday as a new quota deal between the United Arab Emirates (UAE) and…
Read moreNordic best practice could help prevent grid splits – Acer
(Montel) Studying the best practice of Nordic and UK TSOs on short-term dynamic stability could help prevent future…
Read moreHeavy rain floods RWE’s Inden open cast mine
(Montel) RWE’s open cast lignite mine at Inden, western Germany, has suspended operations due to major flooding, following…
Read moreCO2 border tax may spur a rise in carbon leakage
(Montel) The EU’s carbon border adjustment mechanism (CBAM) could see more energy intensive industries exit the 27-nation bloc…
Read moreSpain to install another 2.6 GW solar in 2021 – lobby
(Montel) Total Spanish solar capacity connected to the grid this year could near or even surpass the…
Read moreSwelling German rivers hamper coal barge shipments
(Montel) Swelling Rhine levels have resulted in the cancellation of some inland coal-barge shipments, logistics sources said…
Read moreGermany loses appeal against Opal gas pipe constraints
(Montel) Germany has lost its appeal against an EU court ruling which maintained constraints on Russian Gazprom’s access…
Read moreGO issuance could jump 25% under EU reforms
(Montel) The number of guarantees of origin (GOs) issued annually in Europe could increase by a quarter under…
Read moreEuropean certificate of origin scheme launches for green gas
(Montel) The European Renewable Gas Registry (Ergar) has launched an electronic certificate of origin scheme, it said on…
Read moreSouth African unrest spreads to small coal mines
(Montel) South Africa’s big mining firms have so far avoided any significant impact from countrywide unrest, but…
Read moreWorld oil demand to exceed 100m bbl/day next year – Opec
(Montel) World oil demand will continue to recover and exceed 100m bbl/day in the second half of next…
Read moreAustria’s upper house ratifies 100% green energy by 2030
(Montel) Austria’s upper house of parliament has voted in favour of boosting the country’s green power share of…
Read morePPAs set to thrive under EU climate reforms
(Montel) Europe would see a boost in power purchase agreements (PPAs) thanks to the European Commission’s reformed climate…
Read moreNordic power falls EUR 1-2 despite dry weather outlook
(Montel) Nordic power futures shed EUR 1-2 early on Thursday, paring this week’s gains driven mainly by dry…
Read moreCentrica signs 10-year Italian PPA with Canadian Solar
(Montel) The UK’s Centrica has signed a 10-year power purchase agreement (PPA) to buy electricity generated by two…
Read moreEC proposals could see EU-wide coal exit by 2030
(Montel) Coal would be phased out of Europe by 2030 due to rising carbon prices spurred by the…
Read moreAsia-Pacific coal prices hover near multi-year highs
(Montel) Pacific-basin benchmark coal prices remained close to multi-year highs this week, underpinned by still strong Chinese…
Read moreEU aluminium sector welcomes continued CO2 compensation
(Montel) The European aluminium sector has welcomed the fact that the EU has not proposed to change state-aid…
Read moreOil prices slide as Saudis and UAE nearing quota deal
(Montel) Oil prices slumped early on Thursday following reports that Saudi Arabia and the United Arab Emirates are…
Read moreGerman spot power to weaken as solar, lignite output rise
(Montel) German day-ahead power looked set to weaken on Thursday amid a stronger solar power outlook and…
Read morePower sector emissions could hit record level in 2022 – IEA
(Montel) Carbon dioxide emissions from the electricity sector could reach record levels next year, because clean power sources…
Read moreEUAs set to remain volatile as market digests EC proposals
(Montel) Analysts expect volatility to continue to characterise European carbon trading in the short term as the market…
Read moreSpain urges cap on CO2 prices in wake of EC proposals
(Montel) The Spanish government has urged a cap on carbon prices in the wake of European Commission…
Read moreElectrolysers could get free EUAs, industry issuance to drop
(Montel) Electrolysers could become part of the ETS and be eligible for free allowances, while allocation to industry…
Read moreGas prices fall as supply concerns ease
(Montel) European gas prices along the curve were falling on Wednesday amid growing confidence the tight supply situation…
Read moreCO2 volatile as Brussels unveils ETS reform proposals
(Montel) European carbon prices have been volatile on Wednesday around the release of the European Commission’s EU ETS…
Read moreBrussels proposes 40% renewables target for 2030, PPA push
(Montel) The European Commission wants the EU to source 40% of its energy from renewables by 2030, up…
Read moreCarbon tax sectors may lose free allowances by 2036 – EC
(Montel) Sectors covered by the EU’s carbon border adjustment mechanism (CBAM) could see their free ETS allowances phased…
Read moreEC wants to keep 24% input to ETS reserve to 2030
(Montel) The European Commission wants to keep the 24% intake rate for putting surplus EU ETS allowances into…
Read moreEC proposes 4.2% annual cut in ETS emissions cap
(Montel) The ETS emissions cap would be cut by 4.2% each year from 2021 to deliver a 61%…
Read moreGerman Cal 22 power eases ahead of EC Fit for 55 package
(Montel) Germany’s benchmark power contract for delivery next year inched down on Wednesday, as emissions prices fell in…
Read moreGermany’s newer coal units benefitting from exit – experts
(Montel) Germany’s newer, more efficient coal units are currently benefitting from the country’s staggered exit from coal-fired power…
Read morePower prices won’t surge on Belgian nuclear exit – minister
(Montel) Belgium’s plans to phase out nuclear power over the next few years will not have an…
Read moreGas prices soften amid easing supply concerns
(Montel) European gas prices softened in Wednesday trading as growing confidence about the near-term completion of Russia’s…
Read moreItaly gas demand rises 5% in June on higher generation
(Montel) Italy’s gas consumption rose 5% year on year in June to nearly 4.3bcm (44.9 TWh) amid…
Read moreCoal traders mull options amid S Africa export halt
(Montel) Coal exports from South Africa’s main loading hub at Richards Bay have been suspended since Monday,…
Read moreNordic power futures extend highs as hydro supply tightens
(Montel) Nordic power futures contracts touched fresh highs on Wednesday as dry weather forecasts indicated a further…
Read moreGermany awards tenders to close 2.1 GW of coal capacity
(Montel) Germany’s BNA network regulator has awarded tenders to close 2.1 GW of hard coal-fired capacity by 31…
Read moreFocusEconomics hikes Q3 coal price outlook 20%
(Montel) Benchmark Newcastle coal prices could average USD 98.30/t in this year’s third quarter, up 20% –…
Read moreBP, ENBW confirm 3 GW UK offshore wind projects
(Montel) Energy giant BP and German utility ENBW on Wednesday confirmed plans to build two joint offshore…
Read moreGerman spot power to ease as solar, baseload supply rise
(Montel) German day-ahead power prices looked set to ease on Wednesday as forecasts predicted strengthened solar peak…
Read moreAnalysts revise up Q3 US gas price outlook by 4%
(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average US benchmark Henry Hub gas…
Read moreOil prices weaken amid virus variant and inflation concerns
(Montel) Oil prices edged lower early on Wednesday amid market concerns about inflation, a rising US dollar and…
Read moreNord Stream 2 could start without unbundling certificate
(Montel) The Nord Stream 2 gas pipeline project still faces some regulatory hurdles, but gas could potentially…
Read moreRussian coal exports surge 19% in H1
(Montel) Russian coal exports surged nearly 20% in January-June as soaring export prices and buoyant demand –…
Read moreCarbon prices climb ahead of EU climate reform plans
(Montel) European carbon prices traded higher on Tuesday afternoon, a day ahead of the European Commission’s proposed climate…
Read moreFinnish spot power hits new 10.5-yr high above EUR 108
(Montel) Finland’s day-ahead power price settled at the highest level since February 2010 amid limited cross-border capacity…
Read moreGerman power prices rebound on stronger fuels, CO2
(Montel) German curve power contracts rose on Tuesday after seeing “exaggerated” losses in the prior session amid stronger…
Read moreGas prices rise on lower Russian supply, carbon gain
(Montel) European gas front months edged up on Tuesday amid pipeline maintenance, low storage and stronger carbon…
Read moreUK raises ETS cost curb measure 5% for October to GBP 48.37
(Montel) The UK has raised its cost curb measure for UKAs 5% month on month to GBP 48.37/t…
Read moreNordic power futures firm on dry weather forecasts
(Montel) Nordic power futures rebounded from early losses on Tuesday morning amid buoyant spot prices and as forecasts…
Read moreUnrest halts South African coal exports
(Montel) Widespread unrest in South Africa’s eastern KwaZulu-Natal province has brought coal port operations to a halt…
Read moreWind, solar to push Nordic power to EUR 35 in 2035 – Bixia
(Montel) A vast expansion of new renewable power generation capacity will outweigh increased demand and push Nordic spot…
Read moreGerman power demand to jump near 20% by 2030 – minister
(Montel) German power demand is likely to jump 18.7% on 2020 levels by 2030 to 655 TWh, up…
Read moreOil supply will “tighten significantly” amid Opec impasse
(Montel) Global oil supply will “tighten significantly” if Opec and its Russia-led partners fail to end a deadlock…
Read moreChinese coal imports rise to 6-month high
(Montel) Chinese coal imports jumped nearly 40% on the month in June to a six-month high of…
Read moreGerman spot power to dive EUR 8 on higher wind output
(Montel) German day-ahead power prices looked set to dive 9%, or around EUR 8, on Tuesday as forecasts…
Read moreEC plans climate policy overhaul driven by carbon pricing
(Montel) Carbon pricing is set to underpin many of the European Commission’s proposed policy reforms due on Wednesday…
Read moreOil prices trade flat as coronavirus concerns linger
(Montel) Oil prices were trading flat on Tuesday amid concerns about how variants of the coronavirus could impact…
Read moreCO2 slides EUR 2 in volatile market
(Montel) European carbon prices slid more than EUR 2 on Monday, dragged down by technical selling amid volatile…
Read moreEC wants 2030 carbon “sink” to help exceed 55% cut – draft
(Montel) The European Commission wants to raise the 2030 target for net greenhouse gas removals by carbon “sinks”,…
Read moreGerman front-year power slides amid gas, CO2 pressure
(Montel) German front-year power reversed direction on Monday to erase gains built in the last week, taking…
Read moreEU’s 55% carbon cut by 2030 target to be law from 29 July
(Montel) The EU’s 2030 target to cut its emissions by at least 55% from 1990 levels by 2030…
Read moreGas prompt falls EUR 1 on higher supply, profit-taking
(Montel) European prompt gas contracts fell by more than EUR 1 on Monday as increased pipeline flows from…
Read moreFinnish spot power hits 5-month high on hot spell
(Montel) Finnish day-ahead power prices reached their highest levels since mid-February as hot weather and reduced nuclear…
Read moreSpanish spot power to fall on more wind, weaker gas
(Montel) Spanish spot power prices could fall this week on higher expected wind supply and weaker gas prices.…
Read moreNordic Aug power extends high as hydro supply tightens
(Montel) Nordic power for August extended a contract high on Monday as weather forecasts for dry weather…
Read moreGerman spot power to rise on waning wind and solar output
(Montel) German day-ahead power prices looked set to rise around EUR 2 on Monday amid expectations of flagging…
Read moreNord Stream 2 to be completed by end August – report
(Montel) Construction works of the controversial Nord Stream 2 pipeline – which will boost Russian gas to the…
Read moreEmissions could rise in 2021 despite high carbon prices – EC
(Montel) Carbon emissions in Europe could rise in 2021 compared with 2020 and 2019 despite higher carbon prices,…
Read moreFrench coal exit on track despite Cordemais move – ministry
(Montel) France is still on track to exit coal use, with coal-related emissions due to fall by 90%…
Read moreAntwerp’s coal handling plunges nearly 60% in H1
(Montel) One of Europe’s largest ports, Antwerp, handled just 0.28m tonnes of coal in the first half…
Read moreCoal jumps as tight conditions persist
(Montel) European coal prices climbed on Friday, as market participants continued to factor in tightening global supply, strong…
Read morePoland fuels Europe’s 3.6% PPA price rise in June – report
(Montel) European power purchase agreement prices rose 3.6% month on month to EUR 46.3/MWh in June, buoyed by…
Read moreDearth of S African coal exports raises global supply risk
(Montel) No coal has loaded at South Africa’s main export hub at Richards Bay since Tuesday, with…
Read moreFrench spot power eyes EUR 5 drop on lower holiday demand
(Montel) French spot power prices looked set to slump about EUR 5 next week, mainly on a…
Read moreAker, Carbfix to develop CCS at Elkem plant in Iceland
(Montel) Norwegian industrial group Aker has partnered with Icelandic start-up Carbfix and Elkem Iceland to reduce CO2…
Read moreEC approves Italy plan to compensate firms for ETS costs
(Montel) The European Commission has approved Italy’s plans to partially compensate energy-intensive companies for higher electricity prices resulting…
Read moreGerman Cal 22 rises amid gas, CO2 price rebounds
(Montel) German front-year power rose on Friday, as gas and carbon prices continued to recover from their midweek…
Read moreCarbon CFDs curbing ETS prices would be luxury problem – MEP
(Montel) Carbon contracts for difference (CFDs) weakening ETS carbon prices would be “a luxury problem,” said a senior…
Read moreGas prices rebound in wake of correction
(Montel) European gas prices rebounded on Friday in the wake of this week’s strong downward correction.…
Read moreCO2 market faces volatile week as reforms loom
(Montel) A volatile week ahead is expected on the carbon market, with the European Commission’s proposals to reform…
Read moreGermany set for continued low wind, moderate solar output
(Montel) Germany was on course for relatively low wind and moderate solar power generation for at least…
Read moreNordic Q4 power hits new high on dry outlook
(Montel) The Nordic Q4 power contract hit a new record high on Friday amid dry, warm and less-windy…
Read moreIneos in deal to create Scotland’s 1st CCS system
(Montel) UK petrochemicals company Ineos and sister firm Petroineos have signed a memorandum of understanding with the Acorn…
Read moreGerman spot power to soften next week as supply rises
(Montel) German spot power prices looked set to ease next week, retreating from 13-year highs this week,…
Read moreOil shrugs off Opec concerns to rise on strong demand signs
(Montel) Oil shrugged off concerns about an impasse around Opec production quotas and rose on Friday amid signs…
Read moreDutch to bring in coal plants emissions limits by year end
(Montel) The Netherlands aims to implement legislation limiting emissions from coal-fired plants by year end after the…
Read moreNew German THE gas hub unlikely to challenge TTF – study
(Montel) The new German THE gas market hub is unlikely to challenge the Dutch TTF as the…
Read moreGas market volatility may trigger credit risk rethink
(Montel) ) A prolongation of volatile trading conditions in the European gas market could see credit risk managers…
Read moreCO2 rebounds from 3-wk low in volatile market
(Montel) European carbon prices dropped to a three-week low on Thursday as coal and gas also retreated, though…
Read moreNetherlands has investor support for new nuclear plants
(Montel) The Dutch government has launched a study of nuclear power to at least 2050 after a market…
Read moreGerman Cal-22 power eases on gas weakness
(Montel) German front year power edged down on Thursday, following losses in the European gas market, although market…
Read moreEDF drops Cordemais biomass conversion, sticks with coal
(Montel) EDF has abandoned the planned conversion of its 1.2 GW Cordemais coal fired-plant to biomass and will…
Read moreCarbon volatility continues after 3% slump
(Montel) European carbon prices slumped more than 3% below EUR 51/t before rebounding on Thursday. …
Read moreNordic power falls on weaker CO2
(Montel) The Nordic front-year and Q4 power contracts fell in line with flagging carbon prices on Thursday,…
Read moreGas prices rebound from 2-week lows
(Montel) European gas prices rebounded from two-week lows in Thursday trading as lingering supply concerns offset the…
Read moreDenmark faces 3 GW electrolyser demand by 2030 – experts
(Montel) Denmark faces a sharp rise in power demand from electrolysers to around 3 GW by 2030, though…
Read moreOrsted, Aker to participate in Scottish wind farm auction
(Montel) Two consortiums led by Denmark’s Orsted and Norway’s Aker have announced their participation in an upcoming tender…
Read moreNorway to produce cheapest green H2 by 2030 – Aurora
(Montel) Onshore wind farms in Norway would produce the cheapest green hydrogen in Europe this decade, “closely followed”…
Read moreOil slips as Opec impasse offsets bullish US stockpile data
(Montel) Oil prices nudged lower early on Thursday as Opec’s ongoing impasse about production quotas offset US industry…
Read moreEDP says sale of dams to Engie "legal" amid tax fraud probe
(Montel) Portuguese utility EDP denied irregularities in the sale of six hydropower assets to a consortium led by…
Read moreFrance “certain” to miss wind, solar goals under CRE plans
(Montel) France will fail to reach its 2026 wind and solar power targets if the government adopts proposals…
Read moreSpain plans 1-3 GW floating offshore wind by 2030
(Montel) Spain plans to develop 1-3 GW of floating offshore wind capacity by 2030, its energy ministry said…
Read moreFree allocation weighs on carbon sentiment
(Montel) European carbon prices traded below EUR 53/MWh on Wednesday after reports of free allowance allocations weighed on…
Read moreEU coal terminal stocks dwindle to 7-week low
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have dwindled to seven-week lows…
Read moreTSOs eye start of 700 MW Germany-Sweden link in Q3 2026
(Montel) The new 700 MW Hansa Power Bridge electricity interconnector between Germany and Sweden has been scheduled for…
Read moreCarbon tax sectors may lose free allowances by 2036 – draft
(Montel) Sectors covered by the EU’s carbon border adjustment mechanism (CBAM) could see their free ETS allowances phased…
Read morePortugal should review 2030 emissions target – IEA
(Montel) Portugal should review its emissions reductions targets in light of the EU’s stricter 55% goal, the International…
Read moreGerman Cal 22 bounces back, spot nears 13-year high
(Montel) Germany’s benchmark front-year power contract rose on Wednesday after shedding EUR 4.75 in the previous session amid…
Read moreDanish, Baltic spot power hits multi-year highs
(Montel) Spot power prices for Thursday delivery in Denmark, Latvia and Lithuania rose above EUR 100/MWh to hit…
Read moreEC starts issuing free carbon allowances for 2021-2025
(Montel) The European Commission has started issuing free carbon allowances for the 2021-2025 period to member states,…
Read moreFrench, Belgian and Dutch power eye new highs in July
(Montel) Day-ahead power prices in Belgium, France and the Netherlands looked set for record highs in July…
Read moreTraded wholesale hydrogen market years away – experts
(Montel) A traded wholesale hydrogen market is unlikely to be in place this decade, and the establishment of…
Read moreSwedish TSO secures 170 MW reserve summer capacity
(Montel) Swedish TSO Svenska Kraftnat has secured 170 MW of reserve capacity this summer to secure stable grid…
Read moreSpain regulator probes LNG cancellations
(Montel) Spain's energy regulator is investigating LNG unloading cancellations outside an obligatory five-day notice period, it said on…
Read moreNordic Q4 nears contract high on declining hydro stocks
(Montel) Nordic power futures rose on Wednesday with support from declining hydropower storage levels and high spot prices,…
Read moreCarbon faces renewed volatility after 7% crash
(Montel) European carbon prices are bouncing back from previous session’s losses in range-bound trading on Wednesday after weakening…
Read moreRotterdam coal imports jump 36% in H1, LNG drops
(Montel) Europe’s largest port, Rotterdam, handled 11.2m tonnes of coal in January-June, up 36% on the year,…
Read moreUkraine’s coal-fired fleet cuts output 27% over 3 years
(Montel) Ukraine’s coal-fired generation has declined 27% over the past three years, as the country’s renewable energy…
Read moreGerman spot power eyes 13-year high as renewables plunge
(Montel) German day-ahead power prices looked set to jump to a 13-year high past EUR 100/MWh on…
Read moreOil prices edge up as market awaits Opec’s next move
(Montel) Oil prices traded a shade firmer early on Wednesday as market participants awaited news about whether Opec…
Read moreAustrian parties reach renewables deal
(Montel) Austria’s government and opposition parties have reached an agreement on the country’s renewable energy law, allowing…
Read moreCleared coal futures on Ice slide 8% in H1 – broker
(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange declined 8% on the year…
Read moreForecasters reiterate predictions for hot, dry French summer
(Montel) Hotter and drier than normal weather conditions will likely predominate over most of France during July,…
Read moreGas plunges, dragging energy complex down
(Montel) European gas prices plunged on Tuesday, retracing all of their July gains on a combination of profit-taking…
Read moreAcer invites views on alternative power bidding zones
(Montel) EU energy regulatory agency Acer is seeking views on its proposed method for identifying potential new power…
Read moreAcer consults on long-term capacity calculation rules
(Montel) EU energy regulatory agency Acer is consulting on common rules for calculating long-term cross-zonal capacity in the…
Read moreGerman front-year power sheds EUR 2 on gas losses
(Montel) German front-year power prices bucked a recent upward trend and fell more than EUR 2 on Tuesday…
Read moreGas prices see correction but market remains bullish
(Montel) European gas prices dropped on Tuesday in what traders called a small correction, but overall fundamentals remained…
Read moreAustrian MP “optimistic” of renewables deal ahead of vote
(Montel) Austria’s government and opposition parties remain at odds but should be able to reach agreement on the…
Read moreRussian Black Sea coal growth offsets Baltic export decline
(Montel) Russian coal exports from its Ust-Luga terminal totalled 12.3m tonnes in the first half, down 0.4m…
Read moreUniper, Shell agree to spur hydrogen production in Europe
(Montel) Shell and Uniper have signed a memorandum of understanding on supporting hydrogen production in key European…
Read moreGerman spot power climbs to EUR 100 as wind output wanes
(Montel) German day-ahead power prices looked set to settle around EUR 100/MWh early on Tuesday as forecasts indicated…
Read moreEDF raises annual nuclear output target to 345-365 TWh
(Montel) EDF has increased its nuclear output target for this year to 345-365 TWh, thanks to a pick-up…
Read moreOil continues to trade around 3-yr high amid Opec impasse
(Montel) Oil was continuing to trade around a three-year high on Tuesday as a dispute among members of…
Read moreBrent nears 3-year high above USD 77 on Opec+ stalemate
(Montel) Benchmark Brent crude oil traded above USD 77/bbl on Monday afternoon – the highest since October 2018…
Read moreGas, coal prices extend gains amid tight supply
(Montel) European gas contracts hovered near record highs on Monday afternoon, as maintenance at key supply sources this…
Read moreIndonesia sets July coal price at highest in a decade
(Montel) Indonesia has set its July coal reference price at a 10-year high of USD 115.35/t, up…
Read moreGazprom avoids gas export capacity via Ukraine, Poland
(Montel) Russian gas giant Gazprom refrained from booking any export capacity for gas years 2021-25 via Ukraine and…
Read moreSpain front-year power hits fresh high near EUR 77
(Montel) Spanish front-year power hit a new all-time high near EUR 77/MWh on Monday and could continue its…
Read morePGE to build 50 MW solar farm by 2023
(Montel) Polish utility PGE plans to build a 50 MW solar farm in the city of Kleszczow, central…
Read morePrompt coal marks fresh decade high
(Montel) European prompt coal prices rose to fresh 10-year highs on Monday, as surging gas prices triggered…
Read moreGas futures extend contract highs on tight supply
(Montel) European gas futures extended contract highs on Monday as pipeline maintenance, low storage levels and strong Asian…
Read moreNordic Q4 power hits fresh high on lower hydro resources
(Montel) The Nordic Q4 power contract hit a record high of EUR 46.35/MWh on Monday amid a strong…
Read moreEC seeks to include car emissions in ETS – report
(Montel) The European Commission wants to stimulate the use of electric cars by tightening CO2 standards for…
Read moreOX2 awarded CFD for 57 MW Polish wind farm
(Montel) Swedish renewable energy developer OX2 was awarded a 15-year contract for difference for a 57 MW onshore…
Read moreGerman spot power eyes 1-week low on surging wind output
(Montel) German day-ahead power prices looked set to sink almost 14% on Monday, as wind output is…
Read moreGas demand to rise nearly 4% in 2021 – IEA
(Montel) Global gas demand is set to rise by 3.6% in 2021 amid economic recovery from the…
Read moreCrude prices range-bound ahead of Opec meeting resumption
(Montel) Crude oil was range-bound early on Monday ahead of the Opec+ oil-producer group resuming its meeting…
Read moreOpec+ meeting ends with no decision, to resume on Monday
(Montel) Opec and its Russia-led partners will resume talks on Monday after failing to secure a deal on…
Read moreCO2 drops in correction after highs
(Montel) European carbon prices were dropping on Friday in a correction following Thursday’s record highs. …
Read moreFront-month gas continues to climb on tight market
(Montel) European front-month gas prices rose on Friday on expectations that the market would remain undersupplied throughout July.…
Read moreUnions threaten strikes if Macron launches EDF reform
(Montel) French energy unions will call new strikes by power workers if president Emmanuel Macron goes ahead with…
Read moreCarbon to chase EUR 60/t as record tumbles
(Montel) Europe’s carbon market was likely to target EUR 60/t as its next major hurdle after setting…
Read moreNo heatwave on horizon for Germany this month – forecasters
(Montel) Germany should see gradually rising temperatures this month but only peaking at 3C above average, though wind…
Read moreNordic August, front quarter fall on wetter forecasts
(Montel) Nordic August and front-quarter contracts fell in Friday’s session amid thin trading in response to wetter…
Read moreGerman power use rebounds 5% in H1 as virus wanes
(Montel) German power use rose 4.7% year on year in the first half of 2021 to 252.2 TWh,…
Read moreGerman spot power to hover near 13-year high next week
(Montel) German spot power prices looked set to hover near their highest levels since 2008 next week…
Read moreEU needs 30 GW of battery storage by 2030 – Rystad
(Montel) The EU would need 30 GW of battery storage by 2030 to provide power system flexibility and…
Read moreOil trades flat as Opec delays decision on easing curbs
(Montel) Oil prices were trading flat on Friday as Opec and its Russia-led partners – Opec+ – failed…
Read moreItaly capacity auctions depend on amended system – minister
(Montel) While Italy plans to hold new capacity market auctions for delivery in 2024-25 no later than November,…
Read moreCO2 soars with fresh coal, gas highs
(Montel) European carbon prices soared to a fresh high above EUR 58/t on Thursday, as coal and gas…
Read moreNetherlands approves EUR 1.5bn gas switch to hydrogen
(Montel) The Dutch government has approved the large-scale transformation of unused gas pipelines to hydrogen, a project which…
Read moreSpanish spot power hits 19-year high above EUR 99
(Montel) Spanish day-ahead power prices settled at EUR 99.80/MWh, the highest level in 19 years, on the Omie…
Read moreGerman Cal extends 12-year high on new carbon, gas records
(Montel) German power prices for delivery next year and next quarter extended their 12-year highs on Thursday amid…
Read moreNordic spot power to stay well above EUR 40 in July
(Montel) Nordic spot power prices will likely average well above EUR 40/MWh in July, said analysts, as depleting…
Read moreStrong H1 Asian LNG demand sees 17% drop to Europe
(Montel) European and west Mediterranean LNG imports declined 17% in the first half of 2021, as strong…
Read moreNewcastle coal eyes highs above USD 137/t
(Montel) Australia’s Newcastle coal price extended its highest levels in more than a decade this week –…
Read moreGas prices extend highs as market players cover hedges
(Montel) European gas prices extended their record highs on Thursday, as market participants aimed to cover hedges…
Read moreGazprom’s gas exports to Europe jump 26% in H1
(Montel)Gazprom's gas exports to Europe jumped 26% year on year in the first half of 2021, the…
Read moreEC wants rules for carbon contracts for difference – draft
(Montel) The European Commission wants to set detailed EU rules on using carbon contracts for difference (CFDs) to…
Read more1.1 GW Datteln 4 to be last German coal unit standing – BNA
(Montel) The newest hard coal-fired power unit in Germany – Uniper’s 1.1 GW Datteln 4 – will be…
Read moreNordic power continues rise on dry outlook, record CO2
(Montel) Nordic power futures continued their rise for a third consecutive day on Thursday as weather forecasts remained…
Read moreAreva will pay EUR 563m to EDF to settle nuclear disputes
(Montel) French engineering firm Areva will pay EDF a total of EUR 563m to settle outstanding disputes over…
Read moreCarbon soars past EUR 58/t to fresh record high
(Montel) European carbon prices rallied to fresh highs on Thursday amid ongoing gains in the gas market and…
Read moreOil steadies amid expectations of modest Opec supply boost
(Montel) Oil prices steadied early on Thursday amid expectations that oil ministers from Opec and its Russia-led partners…
Read moreGerman spot power eyes 4.5-year high as wind output falls
(Montel) German day-ahead power looked set to rise 8% on Thursday as forecasts pointed to a sharp decrease…
Read moreGas nears record high as supply concerns mount
(Montel) The benchmark Dutch TTF front-month contract rose by more than EUR 1 on Wednesday to a near…
Read moreSpain to award 17.5 GW renewables grid connection capacity
(Montel) Spain plans to award more than 17.5 GW of grid connection capacity for renewables within 10 months,…
Read moreEC proposes one-off cut in ETS emissions cap – draft
(Montel) The EU ETS cap on emissions would be reduced in a one-off adjustment during the current phase…
Read moreEC mulls “ambitious” power tracking for hydrogen – expert
(Montel) The European Commission’s draft plans to require 15-minute tracking for power used in electrolysers to make hydrogen…
Read more9-yr high German gas output clashes with climate plan – ISE
(Montel) German gas-fired plants produced a nine-year high 30.6 TWh in the first half of this year, which…
Read morePGE fires head of its 13 GW generation arm
(Montel) Poland’s biggest power utility PGE on Wednesday fired the person in charge of its 13 GW generation…
Read moreFrench power hits near 13-year high on buoyant gas prices
(Montel) French front-year power hit its highest level on a rolling basis since late October 2008 on…
Read moreGerman Cal 22 power extends new high above EUR 72/MWh
(Montel) German Cal 22 power hit a fresh contract high on Wednesday, taking a cue from buoyant shorter-term…
Read moreBaltic Dry Index surges to 11-year high on commodity demand
(Montel) The Baltic Dry Index (BDI) – a bellwether for global dry bulk shipping – has surged…
Read morePrompt gas breaches EUR 34 amid low stocks, shortage fears
(Montel) Prompt European gas prices extended their highest levels in 13 years on Wednesday to breach EUR…
Read moreNorway’s power surplus to hit 15 TWh by 2050 – TSO
(Montel) Norway’s power surplus was set rise to 15 TWh by 2050, which was around 5 TWh higher…
Read moreSpanish power generation rises 3% in June – TSO
(Montel) Spanish power generation rose 2.7% year on year in June to nearly 18.9 TWh, with monthly demand…
Read moreNordic front power extends gains on drier outlook
(Montel) Nordic power futures contracts extended the previous day’s gains on Wednesday amid forecasts for drier weather in…
Read moreLow-carbon H2 to remain unprofitable over next decade – CRE
(Montel) Low-carbon hydrogen will not be competitive in France over the next decade unless power prices fall below…
Read morePoland should increase renewable share of energy mix – study
(Montel) Poland should increase the renewables share of its energy mix to 70% by 2030 or face higher…
Read moreEuropean hydropower growth to slow 40% this decade – IEA
(Montel) Hydropower capacity in Europe would increase 18 GW by 2030, almost 40% slower than the previous decade,…
Read moreUK confirms coal exit a year early in October 2024
(Montel) The UK will close its last coal-fired power station in October 2024, a year earlier than planned,…
Read moreEnefit Green to build 43 MW wind farm in Lithuania
(Montel) Estonia's Enefit Green has made a final investment decision to build a 43 MW onshore wind farm…
Read moreOX2 sells 45 MW Polish wind farm to Octopus Renewables
(Montel) Swedish renewable energy developer OX2 has sold its 45 MW onshore wind farm project in eastern Poland…
Read moreGERMAN – Spot power to ease as wind output rises
(Montel) German day ahead power prices eased on Wednesday as weather models predicted a return of more…
Read morePoland awards CFDs for two offshore wind farms (0.4 GW)
(Montel) Poland has awarded 25-year contracts for difference (CFDs) for two Baltic Sea wind farms – totalling 397…
Read moreOil prices rise after API signals big drop in US stockpiles
(Montel) Oil prices rose early on Wednesday amid some demand optimism after data from the American Petroleum Institute…
Read moreSlow negative emissions roll-out clouds climate goal – study
(Montel) The world is falling dangerously short of deploying enough so-called negative emissions technologies to draw carbon…
Read moreEND OF DAY – Prompt gas extends 13-year high
(Montel) European prompt gas prices extended a 13-year high on Tuesday amid concerns of insufficient gas for…
Read moreGazprom sabre rattles over gas supply to Europe
(Montel) Russian gas giant Gazprom’s reluctance to book extra transit capacity via Ukraine to Europe earlier on…
Read moreGas demand to shrink in CO2 constrained world – experts
(Montel) Natural gas faces a declining demand outlook over the next two decades, despite a sharp price…
Read moreGERMAN – Cal 22 nears 13-year high on CO2, gas prices
(Montel) The German power front year reached its highest level in nearly 13 years on Tuesday amid…
Read moreTSOs mull 30-min intraday trading on Nemo Link
(Montel) The operators of the 1 GW Nemo Link between the UK and Belgium are planning to…
Read moreGAS – Front month rises on CO2, Ukraine capacity
(Montel) European gas front months surged to fresh 13-year highs on Tuesday, bolstered by a stronger energy…
Read moreCO2 at 6-wk high as Russia issue compounds tight gas supply
(Montel) EUAs hit a six-week high on Tuesday after Russia declined to book additional capacity in Ukraine’s latest…
Read moreSwedish power exports set to hit record 33.8 TWh next year
(Montel) Sweden's net power exports are set to hit a record 33.8 TWh next year and increase to…
Read moreSteep backwardation erodes EU coal stockpiling economics
(Montel) Steep backwardation in the European coal market – where prompt contracts trade above those further out…
Read moreOvo Energy, Eneco sign PPA for 62.5 MW Scottish wind farm
(Montel) UK independent energy supplier Ovo Energy has signed a three-year power purchase agreement (PPA) with Dutch utility…
Read moreGermany to tender 2 GW capacity reserve in autumn
(Montel) German TSOs will launch the next tender for the country’s 2 GW capacity reserve in the autumn,…
Read moreNORDIC – Q3 power rebounds on drier forecasts
(Montel) Nordic front-quarter power rebounded EUR 1.50 on Tuesday in response to drier long-term weather forecasts and…
Read moreGERMAN – Spot to ease with higher wind output
(Montel) German day-ahead power prices looked set to shed 2% on Tuesday as forecasts showed increasing wind power…
Read moreOil falls as demand concerns weigh amid Delta variant
(Montel) Oil was falling on Tuesday amid renewed concerns about the impact of the spread of the Covid-19…
Read moreBritain to issue 4.35m UKAs to airlines this year
(Montel) Britain will issue 4.35m emissions allowances to airlines in 2021, the country’s business, energy and industrial strategy…
Read moreEND OF DAY – Carbon rises on bullish fundamentals
(Montel) Carbon prices rose for a seventh consecutive session in Monday trading, buoyed by supportive related markets…
Read more2030 German coal exit may spur 15 GW gas – consultancy
(Montel) An early exit from German coal-fired generation by 2030 amid high carbon prices could spur the…
Read moreGerman wind on track for 5-year low, solar set for high
(Montel) German wind farms have produced 4.01 TWh this month, on track for the lowest monthly output in…
Read moreRestart of Chooz 2 reactor awaits clearance amid ASN probe
(Montel) France’s ASN nuclear safety authority is mulling a report by operator EDF into damaged fuel rod cladding…
Read moreSPAIN – Spot set to rise on warmer weather, less wind
(Montel) Spanish spot power prices could rise this week on stronger demand amid higher temperatures and less wind…
Read moreCOAL OUTLOOK – Prices hover close to decade highs
(Montel) Prompt European coal prices may extend last week’s decade highs over the coming days as tight…
Read moreDenmark to auction 428 MW of green capacity in H2
(Montel) Denmark will hold auctions for 428 MW of new renewables capacity during the second half of this…
Read moreEC approves Austrian grid reserve scheme
(Montel) The European Commission has approved Austria’s power plant reserve scheme – which aims to help keep supply…
Read moreGAS – July drops on increased Norway flows, cooler forecast
(Montel) Front-month gas contracts fell on Monday, as flows from Norway to Europe grew and weather forecasts…
Read moreEU's 55% carbon cut by 2030 target gets final approval
(Montel) The EU’s 2030 target to cut its emissions by at least 55% from 1990 levels by 2030…
Read moreGerman green share falls in H1, demand rises 5%
(Montel) Germany’s renewables power generation totalled 43% of the country’s gross power demand of 285 TWh in H1…
Read moreNORDIC – Front power plunges on wetter, windier outlook
(Montel) Nordic power futures fell sharply on Monday amid wetter and windier weather forecasts for next week…
Read moreGerman party leaders willing to suspend Nord Stream 2 flows
(Montel) Gas flows through the Nord Stream 2 pipeline should be suspended if Russia squeezes Ukraine, the…
Read moreEC wants to keep 24% input to ETS reserve – report
(Montel) The European Commission wants to keep the 24% rate for putting surplus EU ETS allowances into a…
Read moreGlencore to acquire entire Cerrejon coal mine
(Montel) Glencore will acquire all shares of the key Colombia Cerrejon coal-mining complex from its partners BHP…
Read moreGERMAN – Spot power eyes 5% rise on lower solar output
(Montel) German day-ahead power prices looked set to rise almost 5% on Monday, as a rise in wind…
Read moreCrude prices flat ahead of oil-producer meeting
(Montel) Crude oil was range-bound early on Monday ahead of an oil-producer meeting later this week, despite demand…
Read moreEC wants real time CO2 data for each bidding zone – draft
(Montel) The European Commission wants TSOs and DSOs to publish data on the carbon content and renewables share…
Read moreEND OF DAY – Gas rally to continue on bullish fundamentals
(Montel) European gas prices were set to continue trading around multi-year highs amid low storage levels, high demand…
Read moreBelgium needs 3.6 GW additional capacity by 2025 – TSO
(Montel) Belgium needs 3.6 GW of additional capacity by 2025 to cope with the country’s planned nuclear…
Read moreSiting problems set to delay 1.2 GW Danish wind farm
(Montel) Problems with siting a 1.2 GW offshore wind farm in Hesselo, Denmark, due to “soft” seabed conditions…
Read moreEC wants national push on long-term renewable PPAs – draft
(Montel) The European Commission wants national governments to promote long-term renewable power purchase agreements (PPAs) as part of…
Read moreStatkraft to keep German gas units offline on “poor profits”
(Montel) Statkraft has no plans to restart two of its mothballed German gas units until profitability increases…
Read moreSpanish LNG imports set to rise 11% in July – TSO
(Montel) Spain’s LNG imports could rise around 11% year on year to 25.7 TWh (2.3bcm) in July, as…
Read moreGerman parliament approves rules for non-TSO cable projects
(Montel) Germany’s upper house of parliament on Friday approved the regulatory framework for interconnectors not owned by…
Read moreGerman parliament approves stricter climate targets
(Montel) Germany’s upper house of parliament on Friday approved stricter climate targets, including a 10-percentage point increase in…
Read moreRising solar development costs to push PPA prices up – poll
(Montel) Solar developers could raise power purchase agreement (PPA) prices in response to an increase in project costs,…
Read morePoland would need 60 GW renewables for carbon neutrality
(Montel) Poland would need 60 GW of additional renewable energy capacity by 2050 to meet demand for green…
Read moreGAS – Prices reach fresh highs on strong demand
(Montel) European gas prices rose to fresh 13-year highs on Friday on the back of strong demand…
Read moreHeatwave may see winter gas price premium widen – traders
(Montel) A heatwave across Europe this year could combine with low storage levels to drive up the cost…
Read moreNORDIC – July, Q3 power hit contract highs
(Montel) Nordic July and Q3 power futures jumped almost EUR 2 to new contract highs on Friday…
Read moreCARBON – EUAs may revisit record high next week
(Montel) EU carbon prices could revisit their recent all-time high in the coming week amid continued strength in…
Read moreAustralian coal railings resume after derailment
(Montel) Australia’s largest rail freight operator – Aurizon – has resumed operations on a key rail route…
Read moreGermany to see hot spell, robust solar next 4 weeks
(Montel) Germany was set for a hot spell, with temperatures above 30C, and robust solar output for…
Read moreGERMAN – Spot power eyes 13-year high next week
(Montel) German spot power prices look set to average some of their highest levels since 2008 next…
Read moreUS considers further sanctions on Nord Stream 2
(Montel) The US is considering further sanctions on the controversial 55bcm/year Nord Stream 2 gas pipeline linking Germany…
Read moreNorway's Hydro signs 12-year PPA for Swedish wind farm
(Montel) Norwegian aluminium manufacturer Hydro has signed a 12-year power purchase agreement (PPA) to offtake 70% of the…
Read moreRising oil prices signal more Opec+ supply in August
(Montel) A rise in oil prices to fresh multi-year highs this week has raised the prospect that Opec…
Read moreEND OF DAY – Carbon firms on bullish technical signs, gas
(Montel) European carbon prices climbed on Thursday amid bullish technical signals, while buoyant gas prices provided additional support.…
Read moreFrench court upholds Vitol fine for market manipulation
(Montel) France's highest administrative court has upheld a 2018 ruling against Vitol SA for gas market manipulation, rejecting…
Read moreSpanish government passes 7% generation tax suspension
(Montel) The Spanish government on Thursday passed a decree suspending a 7% tax on power generation during…
Read moreGerman 2022 power to climb EUR 5 in H2 – analysts
(Montel) German power for 2022 delivery should average nearly EUR 60/MWh for all of 2021, compared with EUR…
Read moreGERMAN – Front-week power hits record high on low wind
(Montel) German front-week power prices hit a record high on Thursday amid persistently low wind output and elevated…
Read moreGermany needs to triple renewables growth – BASF
(Montel) Germany’s next government will need to triple renewables growth targets, the head of the country’s BASF…
Read moreEU parliament approves target of 55% carbon cut by 2030
(Montel) The European Parliament has approved the EU’s 2030 target to cut its emissions by at least 55%…
Read moreRole of gas in UK is evolving as renewables expand – TSO
(Montel) The role of gas in the UK power mix is evolving from a baseload generation fuel…
Read moreAcer to focus on bidding zone changes within countries
(Montel) EU energy regulatory agency Acer has excluded possible power bidding zone configurations that would cross national borders…
Read moreGAS – July nears EUR 32 on warmer forecast, low wind
(Montel) Europe’s benchmark gas hub – the Dutch TTF – saw its front-month contract extend gains on…
Read moreVattenfall to sell 49.5% wind farm (1.5 GW) stake to BASF
(Montel) Vattenfall will sell a 49.5% stake in its Dutch offshore wind farm Hollandse Kust Zuid (1.5 GW)…
Read moreASIA-PACIFIC COAL – Newcastle exceeds USD 130
(Montel) Benchmark coal prices in the Asia Pacific hit some of their highest levels in 13 years…
Read moreNORDIC – July gains on dry forecast, strong German prices
(Montel) Nordic power futures for delivery this summer traded sideways on Thursday, after July opened at a record…
Read moreDerailment impacts operations on Australian coal route
(Montel) Australia’s largest rail freight operator – Aurizon – has suspended operations on a key rail route…
Read moreDrax plans 600 MW Scottish pumped storage unit
(Montel) UK independent power producer Drax will seek planning permission for a 600 MW pumped storage plant in…
Read moreNordic spot power may hold above EUR 40 next 2 weeks – EQ
(Montel) Nordic day-ahead power prices will likely hover EUR 40/MWh for at least another two weeks amid expectations…
Read more100 MW EDP electrolyser to receive EU funding
(Montel) A project headed by EDP to install a 100 MW electrolyser at its Sines thermal power plant…
Read moreCO2 tops EUR 55/t for first time in 5 weeks
(Montel) EUAs rose to their highest level in five weeks early on Thursday as natural gas and coal…
Read moreOil prices firm amid signs of supply tightness
(Montel) Oil prices rose in early Thursday trading – albeit holding below the multi-year highs reached in…
Read moreFrench marine power cost could halve by 2030 – lobby
(Montel) The cost of power generated by marine turbines could halve to EUR 50-100/MWh by 2030 if Europe…
Read moreEND OF DAY – CO2 rises on bullish energy complex
(Montel) European carbon prices saw their fourth consecutive rise on Wednesday amid bullish sentiment across the energy markets.…
Read moreAmazon plans more solar, wind power in Spain, Finland
(Montel) Amazon plans to invest in a Spanish solar plant (152 MW) and a wind farm in Finland…
Read moreGERMAN – July hits fresh high on wind dearth, strong gas
(Montel) German front-month power extended a 13-year high on Wednesday, amid lack of wind and buoyed by…
Read moreSpanish court names Iberdrola CEO in criminal probe
(Montel) Iberdrola CEO Ignacio Sanchez Galan and three other executives have been placed under investigation over several offences…
Read moreGAS – Prompt extends high to breach EUR 31
(Montel) European gas prices extended their highest levels in 13 years on Wednesday as supportive signals from…
Read morePolish spot power rises 3% to 3-year high on 30C hot spell
(Montel) Polish spot power prices rose 3% on Wednesday, as high temperatures up to 31C, low wind power…
Read moreNORDIC – July, Q3 near 3-week highs as hydro supply wanes
(Montel) Nordic power futures for delivery this summer rose EUR 2 on Wednesday morning, with both July and…
Read moreHuman error, ageing grid behind Belchatow 3.9 GW cut – TSO
(Montel) Human error and an ageing power grid caused the 3.9 GW output cut at the 5.1 GW…
Read moreGERMAN – Spot to extend 4-year high on low wind
(Montel) German day-ahead power prices looked set to jump to a fresh four-year high on Wednesday as…
Read moreOil rises amid indication of dive in US inventories
(Montel) Oil prices were rising on Wednesday as data from the American Petroleum Institute (API) indicated another dive…
Read moreNord Stream 2 “will not be completed” – German Greens
(Montel) The controversial gas pipeline Nord Stream 2 will “not be completed” should the Green party become part…
Read moreEND OF DAY – CO2 climbs with energy market gains
(Montel) European carbon prices were rising on Tuesday, as they were bolstered by gains across energy markets including…
Read moreHelen cites lofty CO2 prices for early coal plant closure
(Montel) Record high carbon prices above EUR 50/t contributed to Finnish utility Helen’s decision to bring forward the…
Read moreEC approves funding plan for German green hydrogen projects
(Montel) The European Commission has approved Germany’s EUR 25.6bn recovery and resilience plan under which the country should…
Read moreFrench strike cuts power capacity by 3.9 GW
(Montel) An ongoing French strike by energy workers was cutting the country’s power capacity by about 3.9 GW…
Read moreGreen H2 may only have "niche" uses – Agora analyst
(Montel) Demand for green hydrogen may only hit 8-20% of energy needs in a “climate neutral” system, an…
Read moreGAS – TTF front month extends high on supply concerns
(Montel) Front-month gas on the TTF hub extended a 13-year high above EUR 30/MWh on Tuesday driven by…
Read moreSpanish power futures fall in wake of generation-tax freeze
(Montel) Spanish power futures dropped on Tuesday after the government announced the suspension of a 7% tax on…
Read moreFinland’s Helen to close 220 MW coal plant in April 2023
(Montel) Finnish utility Helen will bring forward the decommissioning of its 220 MW coal-fired power plant Hanasaari in…
Read moreNORDIC – Front power extends gains on dry outlook
(Montel) Nordic power futures continued to climb by gaining about 6% in early Tuesday trade amid “very…
Read moreGERMAN – Spot power eyes 4-year high on low wind, solar
(Montel) German day-ahead power prices looked set to rise 11% to reach a four-year high on Tuesday as…
Read moreCO2 rally makes early German coal exit economical – Wartsila
(Montel) This year’s rally in carbon prices has already made it both cheaper and greener for Germany…
Read moreBrent crude tops USD 75/bbl as travel demand rebounds
(Montel) Brent crude oil topped USD 75/bbl on Tuesday amid rising demand optimism driven by strong travel data.…
Read moreSpain to suspend 7% generation tax in Q3
(Montel) Spain will suspend a controversial 7% tax levied on power generation in the third quarter of…
Read moreItaly may miss 600 MW pumped storage target – lobby
(Montel) Italy may miss its target of having 600 MW of pumped storage capacity by 2023 and should…
Read moreGerman steel industry urges retention of free EUAs
(Montel) Germany will press Brussels to continue handing out free carbon allowances even if the EU agrees…
Read moreEND OF DAY – CO2 rises as gas hits near 13-year high
(Montel) European carbon prices were rising on Monday amid strong fuels, with gas prices at a near 13-year…
Read moreAcer market coupling rule change could be costly – Epex
(Montel) EU energy regulatory agency Acer’s proposals to update market coupling rules could be costly and endanger the…
Read morePolish state forestry firm to develop 200 MW PV capacity
(Montel) Polish state forestry firm Lasy Panstwowe is planning to develop 200 MW solar capacity on its land…
Read moreItaly’s GSE places 74% of total GOs in June auction
(Montel) Italian state-owned energy services company GSE allocated about 74% of the guarantees of origin (GO) for 2021…
Read moreGermany’s CDU/CSU pledge cheaper power, costlier CO2
(Montel) Outgoing German chancellor Angela Merkel’s centre-right Christian Union promised to cut taxes on electricity and raise…
Read moreGerman peak power demand could double by 2050
(Montel) Germany’s peak power demand could more than double to reach up to 200 GW by 2050 as…
Read moreGERMAN – Front-year power extends gains amid strong gas, CO2
(Montel) German front-year power continued to climb on Monday, pushed higher by strength in the gas and carbon…
Read moreCOAL OUTLOOK – Mixed fundamentals curb prices
(Montel) European coal prices could continue trading sideways this week amid mixed fundamental and technical drivers, market participants…
Read moreGAS – TTF hits near 13-year high on tight supply
(Montel) The Dutch TTF July gas contract rose above EUR 30/MWh on Monday to a near 13-year high…
Read moreSPAIN – Spot power prices to ease as demand falls
(Montel) Spanish spot power prices could fall this week as forecasts indicated that more solar and wind supply…
Read moreLNG OUTLOOK – European terminals expect 1.9bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 1.9bcm this week, potentially bringing imports…
Read moreNORDIC – July, Q3 soar near EUR 2 on dry weather, strong gas
(Montel) Nordic July and front-quarter power jumped almost EUR 2 on Monday amid a drier weather outlook…
Read moreFall of Swedish govt may bring changes to energy policy
(Montel) Sweden's minority government lost a vote of no confidence in parliament on Monday morning with a potential…
Read moreBaltic Pipe faces 3-month delay to end-2022 – Energinet
(Montel) The completion of the 10bcm/year Baltic Pipe between Norway, Denmark and Poland could be delayed by around…
Read moreBayWa Re to develop 350 MW wind capacity in Ireland
(Montel) German renewable energy developer BayWa Re is set to develop 350 MW of wind capacity in Ireland…
Read moreTerna assigns 348 MW in auction of virtual German imports
(Montel) Italian TSO Terna assigned all the 348 MW it offered in an auction of virtual imports from…
Read moreGERMAN – Spot power eyes 7% rise on less wind, solar output
(Montel) German day-ahead power prices looked set to rise around 7% on Monday as forecasts indicated a…
Read moreOil prices rise on demand optimism amid vaccine roll-outs
(Montel) Crude oil was higher early on Monday on optimism about overall demand amid vaccine roll-outs.…
Read moreGas prices up on supply disruption, low storage
(Montel) European gas prices were rising on Friday as a tight stock outlook amid supply disruptions and low…
Read moreSwiss govt raises 2035 green energy goal to 17 TWh
(Montel) The Swiss government on Friday agreed to increase the nation’s 2035 green energy target – excluding hydropower…
Read moreCollision halts coal railings to key Australian port
(Montel) Australian rail operator Aurizon has suspended operations on a rail route serving Queensland's coal export hubs…
Read moreFinland delays GO amendments until autumn
(Montel) The Finnish parliament has delayed discussing amendments to the country’s guarantees of origin (GOs) scheme before the…
Read moreGerman power jumps EUR 1 on heatwave concerns
(Montel) Germany’s front-month power contract gained more than EUR 1 on Friday as fresh forecasts suggested the country…
Read moreGas prices rise amid low storage, few LNG deliveries
(Montel) European gas prices rose on the back of low storage levels and few LNG arrivals on…
Read moreEUAs to trade flat ahead of options expiry
(Montel) EUA prices are expected to continue to trade between EUR 50-55/t next week as the market awaits…
Read moreCarbon CFDs would boost green hydrogen demand – EDP
(Montel) Carbon contracts for difference (CFDs) would be a “great mechanism” to encourage demand for renewable hydrogen, an…
Read moreGazprom’s June gas auction sales rise to 5.9 TWh
(Montel) Russian energy company Gazprom has sold around 5.9 TWh (0.57bcm) of natural gas to European customers in…
Read moreLightsource BP buys 703 MW of Spanish solar
(Montel) Solar developer Lightsource BP bought 703 MW of Spanish solar projects from Jorge Energy, the company said…
Read moreNordic front power rebounds on drier weather, strong fuels
(Montel) Nordic power futures rebounded on Friday – stemming some of the losses seen earlier in the week…
Read moreEurope may face warmest summer in 3 years – Weather Company
(Montel) Europe could see the highest temperatures since 2018 this summer amid more sun and less wind and…
Read morePolice continue fraud probe of two Finnish power retailers
(Montel) Finnish police are continuing their investigation of alleged tax fraud totalling EUR 6.5m involving two power retailers…
Read moreGerman front-week power gains as wind forecasts drop
(Montel) Germany’s front-week power contract rose on Friday as wind forecasts were revised lower and amid potential…
Read moreAcciona plans IPO to fund green growth
(Montel) Spanish energy and infrastructure group Acciona plans to sell a 15-25% stake in its energy subsidiary Acciona…
Read moreFrance to return “equivalent” German nuclear waste – report
(Montel) France and Germany agreed on Thursday to return a net amount of nuclear waste to Germany by…
Read moreNew interconnectors, renewables may boost Nordic PPAs
(Montel) Demand for power purchase agreements (PPAs) in the Nordic region will likely increase as new interconnectors –…
Read moreDanish data centre nears Google’s long-term green goals
(Montel) IT giant Google’s new Danish data centre has come closest to the long-term goal of matching all…
Read moreOil continues fall on rising dollar, US economic concerns
(Montel) Oil prices were falling on Friday amid a rising US dollar and weak economic data that weighed…
Read moreSpain court backs 7% generation tax
(Montel) Spain’s supreme court rejected an appeal from Iberdrola challenging the country’s 7% tax on power generation, noting…
Read moreCO2 falls ahead of free allocations
(Montel) European carbon prices were falling on Thursday, extending the previous day’s losses as the market cautiously awaits…
Read moreRed tape threatens French wind targets – lobby
(Montel) The timescale for gaining local approval for onshore wind farms in France has slowed significantly due to…
Read moreFrance’s ASN in talks with Chinese officials about EPR
(Montel) France's nuclear safety authority ASN has opened a “technical dialogue” with its Chinese counterpart NNSA to learn…
Read moreGermany’s 2020 EU ETS emissions slide 12%
(Montel) The 1,817 stationary installations in Germany obliged to take part in Europe’s carbon market saw their…
Read moreSpain on track for 8th warmest year ahead of summer
(Montel) Spain is on track for the eighth warmest year on record ahead of summer, when temperatures will…
Read moreCurbs on Swedish power flows may last to 2030 – TSO
(Montel) Sweden's current limits on power flows between the north and south of the country and to and…
Read moreGerman front-week power falls as wind rises, heat retreats
(Montel) German front-week power was falling on Thursday as forecasts for next week showed higher wind output, while…
Read morePoland's TGE plans 15-minute intraday contracts from 2023
(Montel) Polish bourse TGE plans to launch 15-minute power trading on the intraday market in first half of…
Read moreEuropean gas prices rise amid low storage, supplies
(Montel) European gas prices rose on Thursday, as low storage levels and reduced supplies from Norway supported the…
Read moreNordic power curve falls more than EUR 1 on wet outlook
(Montel) Nordic power futures fell more than EUR 1 on Thursday as the latest weather forecasts confirmed a…
Read moreFinland, Estonia to introduce transmission rights on link
(Montel) TSOs in Finland and Estonia will start preparing for the introduction of long-term transmission rights (LTTRs) on…
Read moreCoal share of German power seen up for 1st time in 8 years
(Montel) The share of hard coal in the German power mix is set to rise for the first…
Read moreAsia-Pacific coal index surges to new high
(Montel) Asia-Pacific benchmark coal prices have risen to new multi-year highs amid buoyant Chinese demand and some…
Read moreAlpiq, Aquila sign 5-year solar PPA in Spain
(Montel) Alpiq signed a five-year power purchase agreement (PPA) with investment management company Aquila Capital, with the…
Read moreShell, Lyse, BKK in tie-up over Norwegian wind plans
(Montel) Anglo-Dutch energy firm Shell has joined a consortium with Norwegian utilities BKK and Lyse to bid…
Read moreOil prices retreat amid rising US dollar, inflation worries
(Montel) Oil prices softened in early trading on Thursday, backing down from multi-year highs reached in the previous…
Read moreSpanish power forwards fall on potential tax suspension
(Montel) Spanish power forwards dropped by up to EUR 3 late on Wednesday on comments from the government…
Read moreWeak UK auction weighs on carbon
(Montel) European carbon allowances surrendered most of a rebound in afternoon trading on Wednesday following a weak…
Read moreEnergy experts burst green hydrogen bubble
(Montel) Demand for green hydrogen faces uncertainties amid questions about efficiency, electrification and stranded assets, energy experts warned…
Read morePolish power demand, output surge in May
(Montel) Polish power consumption rose 9.4% year on year in May to 13.6 TWh, while output surged 17%…
Read moreEU seeks to engage Russia on carbon pricing, border tax
(Montel) Carbon prices, border taxes, methane emissions and renewables are all topics where the EU wants to engage…
Read moreNorthern Ireland needs faster renewables permitting – lobby
(Montel) Northern Ireland risks missing out on foreign investment if it fails to speed up its renewables planning…
Read moreEUAs fall after UK carbon sale clears at big discount
(Montel) EUAs fell after the UK’s third carbon auction cleared at a substantial discount to the secondary market…
Read moreDrought could cut French nuclear capacity by 8% – analyst
(Montel) “Severe” drought and heatwave conditions could periodically curb French nuclear capacity by up to 5 GW –…
Read moreSpain mulls freeze on some energy taxes as prices surge
(Montel) Spain’s government could suspend some energy taxes in response to recent power price increases, energy minister Teresa…
Read moreGerman Cal 22 power moves higher with carbon, gas
(Montel) Germany’s benchmark front-year power contract was higher on Wednesday after an earlier decline, mirroring similar movements on…
Read moreBetter infrastructure key to Italy’s green transition – TSO
(Montel) Authorisation procedures were key to enabling Italy’s green transition but that must go together with an enabling…
Read moreGermany faces up to 30m-tonne gap in carbon neutrality goal
(Montel) Germany will require costly technologies to close a 20-30m-tonne gap in its goal to become carbon…
Read moreCO2 prices to average EUR 56.72 in Q3 – analysts
(Montel) EUA prices are set to average EUR 56.72/t in Q3, according to a poll of five analysts,…
Read moreNordic July power falls nearly EUR 1 on wet weather outlook
(Montel) Nordic July and front-quarter power fell on Wednesday in response to a wet weather outlook, weakening…
Read moreAnalysts raise Q3 forecast 3% for Pacific coal prices
(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average benchmark Australian coal prices in…
Read moreColombia’s Cerrejon coal miner ramps up exports
(Montel) Colombia’s key coal exporter Cerrejon has ramped up exports following severe disruptions last month, with loadings…
Read moreNorway's Agder and Glitre get nod to continue merger talks
(Montel) Norwegian utilities Agder Energi and Glitre Energi plan to proceed with merger talks after the latter's main…
Read moreIce extends TTF curve as demand for LNG hedging grows
(Montel) Intercontinental Exchange (Ice) will extend the Dutch TTF gas curve by 2.5 years well beyond 2030, following…
Read moreEU, US to coordinate on tackling carbon leakage risks
(Montel) The EU and US have agreed to work together on tackling carbon leakage risks as they both…
Read moreRio Tinto eyes hydrogen to cut alumina refining emissions
(Montel) Mining giant Rio Tinto has joined forces with the Australian Renewable Energy Agency (Arena) to study…
Read moreGerman spot power eyes 7% drop as wind and solar output rise
(Montel) German day-ahead power prices looked set to shed EUR 6 on Wednesday as forecasts showed sustained…
Read moreOil prices scale multi-year peaks as demand accelerates
(Montel) Oil prices traded at fresh multi-year highs early on Wednesday, buoyed by a positive global demand outlook.…
Read moreGreenpeace France seeks investigation of Chinese EPR leak
(Montel) EDF must investigate fuel-cladding leaks at China's Taishan 1 (1.75 GW) reactor thoroughly and transparently after revealing…
Read moreCarbon pressures energy complex, coal dives
(Montel) European energy markets retreated from recent highs on Tuesday, with coal down EUR 5.50, amid a slump…
Read moreEquinor eyes 10% share of EU clean hydrogen market by 2035
(Montel) Norwegian energy company Equinor has targeted a market share of 10% in Europe’s clean hydrogen market…
Read moreFrance to have 70 GW to meet summer demand – TSO
(Montel) France will have 70 GW of production capacity available this summer on average, TSO RTE said on…
Read moreSpanish spot power settles at 5-month high above EUR 94
(Montel) Spanish day-ahead power settled EUR 94.63/MWh – the highest in five months – on the Omie exchange…
Read morePoland awards subsidy for Orlen-Northland 1.2 GW wind farm
(Montel) Poland has awarded subsidies to domestic energy firm Orlen and Canada’s Northland Power for a 1.2 GW…
Read moreFrench solar output may hit new record this week – TSO
(Montel) France’s solar power output could surge to a record high this week, probably on Wednesday, TSO…
Read moreGerman front-year power slides with softer carbon
(Montel) Germany’s benchmark front-year power contract eased on Tuesday, as emissions prices fell in the wake of…
Read moreUK solar investors prefer wholesale to PPAs – Anesco
(Montel) UK newbuild solar investors prefer the larger returns of the wholesale market to power purchase agreements (PPAs)…
Read moreArcelorMittal signs 20-year Belgian wind PPA (18 MW)
(Montel) Steel producer ArcelorMittal has signed an 18 MW, 20-year power purchase agreement (PPA) with Belgian developer…
Read moreItaly's May gas demand up 15% from 2020 – GME
(Montel) Italy’s gas consumption rose 15% in May to nearly 4.25bcm (44.9 TWh) from low levels a year…
Read moreEurope could produce 450 TWh of green H2 by 2030 – study
(Montel) Europe has the potential to produce 450 TWh of green hydrogen by 2030, a study commissioned…
Read moreGas prices retreat from multi-year highs
(Montel) The day-ahead contract at the Dutch TTF hub traded last down EUR 0.33 at EUR 28.55/MWh,…
Read moreNorNed (723 MW) most profitable power cable in 2020 – Tennet
(Montel) The 723 MW NorNed cable between Norway and the Netherlands was by far the most profitable…
Read moreNordic power futures continue fall on wet outlook
(Montel) Nordic power futures fell for the third consecutive trading day on Tuesday, with both the July and…
Read moreImports will be key for NW Europe hydrogen market
(Montel) The future northwest European hydrogen market will likely depend to a large extent on imports of green…
Read moreItalgas plans EUR 3.1bn upgrade to distribution network
(Montel) Italy’s largest gas distributor Italgas is planning to spend EUR 3.1bn to enhance its existing gas network…
Read moreCO2 prices fall as Germany announces EUA allocation
(Montel) Germany will hand out 5.25% fewer EUAs to industry from 2021-25 than it did in 2020, with…
Read moreNorway-UK link to start transmitting power from Wednesday
(Montel) The new 1.4 GW NSL interconnector between Norway and the UK – the world’s longest subsea power…
Read moreFrench fuel-rod probe extends to Cattenom reactors – union
(Montel) Union sources have flagged issues with fuel rods at French utility EDF’s 5.2 GW Cattenom nuclear power…
Read moreGerman spot power set to rise with low wind output, heat
(Montel) German day-ahead power prices looked set to rise further on Tuesday as forecasts showed wind power generation…
Read moreOrsted plans CCS at Avedore power station in Denmark
(Montel) Danish energy group Orsted plans to introduce carbon capture and storage technology (CCS) at its Avedore power…
Read moreEquinor targets green capacity of 16 GW by 2030
(Montel) Norwegian energy company Equinor plans to boost renewables capacity to 12-16 GW by 2030, from 0.6…
Read moreOil continues rise but UK U-turn tempers demand hopes
(Montel) Oil prices rose for the second consecutive session this week on Tuesday as the continued vaccine roll-out…
Read moreStatnett rejects criticism of "incorrect" power flows
(Montel) Norwegian TSO Statnett has dismissed criticism of how it handles power flowing against the price signal between…
Read moreGermany launches auction platform for green hydrogen
(Montel) Germany launched an instrument on Monday to auction support for projects that deliver green hydrogen from…
Read moreGerman July power extends contract high on low wind, heat
(Montel) German front-month power rose to a fresh 12.5-year high on Monday amid forecasts for hot weather…
Read moreHeatwave poses no threat to power output this week – experts
(Montel) The upcoming heatwave in Germany and France should not affect power production this week, but it is…
Read moreSpain spot power hits 5-month high, Q3 surges to record
(Montel) Spanish spot power hit a five-month high this week amid an expected drop in renewables supply, while…
Read moreGas prices jump EUR 1 to 13-yr high on tight supply
(Montel) European front-month gas contracts rose by more than EUR 1 on Monday after an extended outage at…
Read moreGermany partners with Australia to import hydrogen
(Montel) Germany and Australia have signed a memorandum of understanding to form a hydrogen alliance, paving the way…
Read moreNordic Q3 power hits 3-week low on wetter weather
(Montel) The Nordic Q3 power contract fell to a three-week low of EUR 37/MWh on Monday amid soft…
Read moreEC to propose green hydrogen certification rules in July
(Montel) The European Commission will propose how to certify hydrogen as “green” in its updated EU renewable…
Read moreSwiss vote on carbon endangers 2050 climate goal – minister
(Montel) The Swiss energy minister said a Sunday referendum vote rejecting a proposed carbon law, which included measures…
Read moreBP joins Norwegian offshore wind consortium
(Montel) BP has joined the consortium comprising Statkraft and Aker Offshore Wind which intends to bid for offshore…
Read moreGerman spot power nears 2.5-year high on lower green output
(Montel) German day-ahead power prices looked set to rise 9.8% on Monday, as wind output should drop even…
Read moreSunday power prices turn negative amid ample solar output
(Montel) Power prices across several European price zones dropped into negative territory on Sunday for five hours amid…
Read moreOil prices rise on demand optimism amid vaccinations
(Montel) Crude oil was higher early on Monday on expectations of growing demand amid progress in pandemic vaccinations…
Read moreFrance mulls watered-down reform of EDF – unions
(Montel) The French government is mulling a partial reform of EDF this year, delaying more controversial changes until…
Read moreTerna to offer 348 MW in auction of virtual German imports
(Montel) Italian TSO Terna will offer 348.144 MW in an auction of virtual power imports from Germany for…
Read moreCoal steps back from near decade high
(Montel) European front-month coal prices hit near-decade highs in Friday trading amid prevailing supply tightness and strong…
Read moreItaly’s May power demand up 9% on year – TSO
(Montel) Power demand in Italy rose nearly 9% year on year to 24.5 TWh in May, although it…
Read moreBelarus starts up 1.2 GW Astravyets nuclear plant
(Montel) Belarus’s controversial new 1.2 GW Astravyets nuclear power plant has begun commercial operations, the country’s energy…
Read morePoland should consider early Turow closure – minister
(Montel) Poland should consider an early closure of the Turow lignite mine and neighbouring 2 GW power plant,…
Read moreEnel takes 41 MW in Italian renewables auction
(Montel) Italy’s Enel was awarded 41.2 MW in the fifth renewables tender by the country’s state energy services…
Read moreFrench power jumps EUR 2 on low wind, 30C heat
(Montel) French front-week power prices gained EUR 2.35 on Friday amid latest forecasts of below normal wind…
Read moreTTF prices fall as flows from Norway set to rise
(Montel) Gas prices at the Dutch TTF hub eased in Friday trading, with traders citing an expected…
Read moreEUAs to remain range-bound ahead of permit allocation
(Montel) EUAs are likely to remain in their current EUR 50-55/t range in the coming week, as participants…
Read moreEuropean PPA prices rise 3.5% in May – report
(Montel) European power purchase agreement (PPA) prices rose 3.5% in May month on month to EUR 44.70/MWh amid…
Read moreGermany to average 1C above normal this decade – DWD
(Montel) Average temperatures in Germany will likely hover 0.5-1C above the previous 30-year average over the rest…
Read moreGermany to see high solar, low wind next 4 weeks
(Montel) The current warm, dry spell is set to continue over the next four weeks in Germany, with…
Read moreNuclear maintenance to support German spot power next week
(Montel) Germany’s front week power contract stood poised to settle 12% above the present week’s spot prices…
Read moreOil demand to return to pre-pandemic level late 2022 – IEA
(Montel) Global oil demand will return to pre-pandemic levels above 100m bbl/day by the end of 2022, although…
Read moreEclipse hit N Europe solar output by 5 GW – TSOs
(Montel) A partial solar eclipse on Thursday reduced photovoltaic power generation in northern Europe by up to 4.9…
Read moreDemand lacking for more intraday auctions – survey
(Montel) Europe’s power market participants are generally against having more frequent intraday auctions and want to focus on…
Read moreOil trades flat though positive demand picture persists
(Montel) Oil was trading flat on Friday after plunging 2% late in the prior session amid erroneous reports…
Read moreNord Stream 2 to start commissioning work – operator
(Montel) Nord Stream 2 has completed the first line of the Russian gas pipeline to Germany and…
Read moreFinnish spot power prices to decline sharply – analyst
(Montel) The power balance in Finland will improve from the current deficit of 15 TWh, pushing Finnish spot…
Read moreUK sets June-Sept price for additional supply at GBP 45.90/t
(Montel) The UK may issue additional allowances to its carbon market if UK Allowance prices remain above GBP…
Read moreCarbon edges up, coal hits multi-year high
(Montel) European carbon prices were edging higher after shifting between negative and positive territory for most of Thursday’s…
Read moreHydrogen will offer large-scale demand flexibility – Fortum
(Montel) EU policymakers should avoid forcing hydrogen production off the grid, as the technology could offer large-scale…
Read moreSwedish TSO extends grid limits due to Ringhals outage
(Montel) Swedish TSO Svenska Kraftnat will cut transmission capacity between the country's price zones by a further 500…
Read moreItalian 2021 CO2 emissions set for 0.3% rise – Ispra
(Montel) Italy’s carbon emissions looked set to rise 0.3% year on year to 378.6m tonnes in 2021, according…
Read moreBullish energy complex to boost Europe PPA prices – experts
(Montel) European power purchase agreement (PPA) prices should find support from a bullish energy complex, including strong carbon…
Read moreSingle Finnish price area “important” for wind farms – lobby
(Montel) Maintaining a single power price zone in Finland is beneficial for the wind power sector as it…
Read moreGlobal oil demand to pick up pace in H2 – Opec
(Montel) Global oil demand will accelerate in the second half of this year as easing pandemic-related lockdowns in…
Read moreEC to monitor Spanish hydro, nuclear windfall taxes
(Montel) The European Commission will closely monitor Spain's plans to impose a windfall tax on hydropower and nuclear,…
Read moreFront-month TTF gas rises on low storage levels
(Montel) The TTF front-month gas contract continued to rise on Thursday, as low storage levels coincided with…
Read moreGO prices inch lower on steady green output
(Montel) Prices for European guarantees of origin (GO) were edging lower on Thursday within a wide range, as…
Read moreNewcastle coal index hits record USD 125/t
(Montel) Asia-Pacific benchmark coal prices reached their highest levels in at least eight years, breaching USD 125/t…
Read moreNordic power futures firm despite wetter, windier forecasts
(Montel) Nordic July and front-quarter power futures inched up on Thursday in thin trading despite weather forecasts…
Read moreEC joins Czech case against Poland’s Turow coal mine
(Montel) The European Commission has formally asked to join the Czech Republic’s complaint in the EU Court of…
Read moreDutch TSO warns of structural grid congestion until 2028
(Montel) Dutch TSO Tennet on Thursday warned of structural congestion in the western and southern part of…
Read moreGerman spot power edges down as wind output set to rise
(Montel) German day-ahead power looked set to lose 5% on Thursday as forecasts showed a doubling of…
Read moreOil prices slip after mixed US stockpile data
(Montel) Oil prices fell in early trading on Thursday as investors continued to digest mixed US crude product…
Read moreCarbon soars as gas, coal climb
(Montel) European carbon prices soared on Wednesday amid technical support and spiralling prices in the gas and coal…
Read moreEclipse to cut European solar radiation by nearly quarter
(Montel) Thursday’s partial solar eclipse is expected to reduce European solar radiation by as much as 23%, said…
Read moreGerman spot power prices rise ahead of eclipse
(Montel) German spot power prices were rising ahead of a solar eclipse on Thursday that could impact 4-5…
Read moreEUAs climb back above EUR 54/t amid strong technical signals
(Montel) The European carbon benchmark rallied above EUR 54 for the first time since 26 May as traders…
Read morePrompt TTF gas extends rally as maintenance grows
(Montel) Prompt European gas prices extended a rally to their highest level this year on Wednesday as…
Read moreBaltic Pipe delay unlikely to inflate Danish gas prices
(Montel) A delay to the Baltic Pipe between Norway, Denmark and Poland would prolong Denmark’s reliance on gas…
Read moreEuropean physical coal tops USD 100/t on supply concerns
(Montel) European physical coal prices have surged 11% over the past week to break above USD 100/t…
Read moreOrsted joins Norwegian offshore wind consortium
(Montel) Danish energy company Orsted has joined a consortium comprising Fred Olsen Renewables and Hafslund Eco which aims…
Read moreNordic front power slides on rainy, windy forecast
(Montel) Nordic July and front-quarter power futures fell more than EUR 1 on Wednesday in response to…
Read moreH2 to meet London, southeast England’s energy needs – study
(Montel) A proposed energy hub at Bacton, on England’s east coast, could supply sufficient hydrogen to meet…
Read moreSwedish offshore wind EUR 11 cheaper in south – study
(Montel) Offshore wind farms built in northern Sweden will have a levelised cost of energy (LCOE) which is…
Read moreNorway offshore wind power producers seek auction clarity
(Montel) Wind power producers in Norway say it is possible to build offshore wind capacity without subsidies, but…
Read moreEIA raises 2021 US LNG export outlook by 2%
(Montel) The US Energy Information Administration (EIA) has revised up its projection for LNG exports this year…
Read moreRebasing ETS cap could add EUR 10 to price – analyst
(Montel) Changing the 2005 base year for the ETS emissions cap to take out 100m EU allowances in…
Read moreNorthvolt expands Swedish battery plant capacity to 60 GWh
(Montel) Swedish battery manufacturer Northvolt will raise the annual production capacity at its planned factory in northern Sweden…
Read moreMark Lewis to join Andurand hedge fund
(Montel) Veteran carbon market analyst Mark Lewis will join Andurand Capital Management to advise on environmental investments,…
Read moreGerman spot power to edge higher amid low wind
(Montel) German day-ahead power prices looked set to edge above EUR 77/MWh on Wednesday as models forecast…
Read moreOil prices reach fresh 2-year highs as supply tightens
(Montel) Oil prices rose to their highest levels in more than two years early on Wednesday amid prospects…
Read moreGermany must quadruple clean power investments – lobby
(Montel) Germany needs to raise its present pace of clean energy expansion four-to-five-fold to meet its updated…
Read morePrompt gas extends high as hot spell looms
(Montel) Near-term European gas prices reached their highest level this year on Tuesday, as forecasts of imminent…
Read morePoland to phase out 5.1 GW Belchatow plant by 2037
(Montel) Poland will gradually close its biggest coal-fired power plant – the 5.1 GW Belchatow power station –…
Read moreRussian gas transit via Ukraine drops 15% in May
(Montel) Russian gas transit to the EU and Moldova through Ukraine in May declined 15% on the…
Read moreGerman front-year power rises with gas prices
(Montel) The German front-year power contract rose on the back of a strong gas market on Tuesday.…
Read moreAustralia’s Newcastle coal exports grow in May
(Montel) Coal exports from the key Australian port of Newcastle rose a marginal 0.9% on the year…
Read moreJuly gas jumps amid warm forecast, Norway supply cut
(Montel) European gas front-month prices climbed on Tuesday, as forecasters expected a heatwave in the next fortnight…
Read moreSpain urges probe of possible power market “malpractice”
(Montel) The Spanish government has urged the country’s energy market watchdog, the CNMC, to probe the country’s wholesale…
Read moreUS coal suppliers no longer “swinging” to Europe
(Montel) Less US coal is shipping to Europe due to diminishing production and demand, ample alternative Russian…
Read moreRenewables push Dutch Q1 power output to 10-year high
(Montel) Dutch net electricity production rose to the highest in more than 10 years in the first quarter,…
Read moreNorway plans 4.5 GW offshore wind in North Sea
(Montel) The Norwegian government will award licences for at least five offshore wind farms in the North Sea…
Read morePortugal’s Greenvolt acquires 44 MW biomass plant in UK
(Montel) Portuguese energy producer Greenvolt and fund manager Equitix have acquired a 43.6 MW biomass power plant in…
Read moreNordic power front futures jump on continuing dry weather
(Montel) Nordic power front futures jumped more than 5% on Tuesday amid strong fuels markets and forecasts of…
Read moreAcer to unveil new way to define bidding zones on 24 June
(Montel) EU energy regulatory agency Acer is to unveil a new way to define alternative power bidding zone…
Read moreGerman spot power to remain elevated on muted wind
(Montel) German day-ahead power prices looked set to remain elevated on Tuesday, as forecasts showed wind power generation…
Read moreCzech Republic to urge EU fine Poland over mine spat
(Montel) The Czech Republic will call on Europe’s top court – the European Court of Justice – to…
Read moreOil continues fall as China imports dive 15%
(Montel) Oil prices fell for the second consecutive session on Tuesday as China’s crude imports slid 15% year…
Read moreEC includes carbon CFDs in draft EU state aid rules
(Montel) The European Commission has included carbon contracts for difference (CFDs) as a new aid instrument allowed under…
Read moreBritain most expensive power export market
(Montel) Great Britain emerged as the most expensive country to export electricity to in Europe last month, with…
Read moreEU should drop free carbon permits to industry – lobby
(Montel) The EU should drop its free allocation of carbon allowances to industry, advocacy group Carbon Market…
Read moreCoal tops USD 100/t for first time since 2018
(Montel) European spot coal prices jumped EUR 4 to top USD 100/t on Monday for the first time…
Read morePoland weighs options for Baltic Pipe delay – analysts
(Montel) Poland will need to find alternative solutions for natural gas supply due to a likely delay in…
Read moreGerman Cal 22 power rises on higher CO2, spot
(Montel) German power for delivery next year rose for the first time in four trading days on Monday…
Read moreSpanish spot power set to edge up on higher demand
(Montel) Spanish spot prices were set to trade flat or slightly higher this week on stronger demand amid…
Read moreAnglo American completes exit from South Africa coal
(Montel) Anglo American has demerged from its South African thermal coal operations amid efforts to move away…
Read moreEuropean coal prices extend multi-year highs
(Montel) European coal prices surged to fresh multi-year highs in early Monday trading as concerns about disruptions…
Read moreFront-month gas rises on low wind, inventories
(Montel) The Dutch TTF front-month gas contract rose on Monday amid forecasts of muted wind this week…
Read moreNordic front power dips on unsettled weather
(Montel) Nordic power contracts close to delivery fell on Monday as traders expected spot prices to retreat from…
Read moreEuropean LNG terminals expect 1.9bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 1.9bcm this week, potentially bringing imports…
Read moreChinese coal imports slip to 4-month low
(Montel) Chinese coal imports dropped 4.6% year on year in May to a four-month low of 0.68m…
Read moreIce Endex suspends EUA, EUAA trading
(Montel) The Ice Endex exchange has suspended the trading of EUA/EUAAs amid technical issues, it said on Monday.…
Read moreAcer to rule on long-term capacity calculation by 3 Nov
(Montel) Acer is to decide on common rules for calculating long-term cross-zonal capacity in the 13 EU countries…
Read moreGerman spot power to firm amid less wind, more solar
(Montel) German day-ahead power prices looked set to settle little changed to firmer on Monday as an expected…
Read moreOil prices fall after week of gains on demand optimism
(Montel) Crude oil was lower early on Monday and took a break after a week of gains on…
Read moreFrance to have sufficient gas stocks to meet winter demand
(Montel) France should have sufficient gas stocks in time to meet winter demand, despite a recent cold snap…
Read moreNew Baltic Pipe permit could take 8 months – Danish agency
(Montel) A new environment permit for the Baltic Pipe gas pipeline through Denmark could take around eight months…
Read moreCoal prices hover close to 2.5-year highs
(Montel) European coal prices gained ground in late Friday trading, but failed to revisit Thursday’s multi-year highs,…
Read moreHydrogen to penetrate German power mix from 2030 – study
(Montel) Hydrogen burned in gas-fired power plants is likely to become increasingly important for covering German electricity…
Read moreSpain looks to approve capacity mechanism this year
(Montel) Spain hopes to approve an auction-based capacity mechanism unveiled in April by the end of this year,…
Read moreEngie dismisses government concern over Electrabel finances
(Montel) Belgium’s Electrabel is capable of meeting all the costs linked to the planned decommissioning of its reactors,…
Read moreEC targets power, aluminium in draft carbon border tax
(Montel) Electricity, aluminium and fertiliser sectors should be covered by the first phase of a carbon border tax,…
Read morePolish works on Baltic Pipe gas project on schedule – TSO
(Montel) Poland’s TSO Gaz System on Friday said the works on the 10bcm/year Baltic Pipe gas project linking…
Read moreGas prices take bearish cue from CO2 market
(Montel) European gas prices fell in Friday trading as a drop in CO2 prices – to below…
Read moreEUAs to trade near EUR 50/t as 6-month rally pauses
(Montel) EUAs are expected to trade either side of EUR 50 in the coming week, as support from…
Read moreToo early for German power market split debate – Green MP
(Montel) Starting a debate over a power market split in Germany would be too early as the next…
Read moreItaly’s renewable energy connections rise 2% on year in Q1
(Montel) Connections of new renewable energy facilities in Italy rose 2% on the year to 181 MW in…
Read moreNordic Q3 power slides EUR 1 amid softer CO2, fuels prices
(Montel) Nordic power prices fell sharply across the curve early on Friday, mainly in response to weaker fuels…
Read moreGerman solar peak may reach 30 GW next week
(Montel) Germany’s peak solar output could reach around 30 GW next week as temperatures warm, although Europe’s…
Read moreBlockade resumes for Colombia’s Cerrejon coal mine
(Montel) Disgruntled workers have again blocked a rail line linking Colombia’s key Cerrejon coal-mining complex with its…
Read moreGerman front-week power falls on solar, weather outlook
(Montel) Germany’s front-week power contract retreated on Friday as forecasts showed steady solar, warm temperatures and an…
Read moreEC approves German CHP subsidies until end of 2026
(Montel) The European Commission has approved Germany’s annual EUR 1.8bn subsidy budget to expand the country’s combined heat…
Read moreOil trades flat as stronger US dollar offsets demand hopes
(Montel) Oil prices traded little changed early on Friday as a rising US dollar offset gains in the…
Read moreBaltic Pipe delay unlikely to impact Polish market – analyst
(Montel) Delays to the start-up of the 10bcm/year Baltic Pipe gas project linking Norway with Denmark and Poland…
Read moreSpanish windfall tax may lead to reactor closures – lobby
(Montel) A Spanish curb on windfall profits earned by the country’s nuclear power producers, coupled with falling power…
Read moreFrench solar sector faces "cascade of bankruptcies" – lobby
(Montel) France's solar sector faces a "cascade of bankruptcies" under revised government plans to slash aid granted to…
Read moreDanish authority revokes Baltic Pipe environment licence
(Montel) Denmark's Environment Appeals Board has revoked the environmental permit for the under construction Baltic Pipe gas project,…
Read moreGO prices slip despite sustained demand
(Montel) European guarantees of origin (GO) prices slipped over the week despite sustained demand, market participants told Montel.…
Read moreEurope’s LNG imports dive 27% in May
(Montel) European LNG imports declined by around 27% on the year to 9bcm in May amid heightened…
Read moreHigh Norway prices may spur offshore wind boom – analyst
(Montel) A halt to of onshore wind build, new interconnectors and import restrictions from Sweden could lift local…
Read moreEC cautions on green power, hydrogen imports to EU
(Montel) Using green power and hydrogen from North Africa and the Middle East to help the EU meet…
Read moreNordic power rebounds on confirmation of dry outlook
(Montel) Nordic power futures rebounded from sharp losses in the previous session on Thursday on the back of…
Read moreBelgium plans pipeline network by 2026 to cut CO2 emissions
(Montel) Belgium wants to build a network of pipelines to transport green hydrogen, CO2 and heat for…
Read moreLithuania plans to tighten Belarus power ban
(Montel) Lithuania is initiating legal proceedings to strengthen a ban on power imports from Belarus following an announcement…
Read moreBrent crude rises to 2-year high as demand picks up
(Montel) Brent crude prices extended the previous session’s gains to reach fresh two-year highs on Thursday morning, buoyed…
Read moreEesti Energia to stop oil shale power production by 2030
(Montel) Eesti Energia will stop using oil shale for power production by 2030 to curb its carbon emissions…
Read moreGerman government planning to boost renewables – sources
(Montel) The German government is planning to increase the nation’s 2030 target for renewable energy with a decision…
Read moreEDP, Galp pull out of 1 GW hydrogen project in Portugal
(Montel) Portuguese energy companies EDP and Galp have decided to withdraw from a consortium of firms planning…
Read moreOrsted eyes post-2030 for floating offshore wind
(Montel) Danish energy firm Orsted does not expect to see significant development in its floating offshore wind business…
Read moreAcer report finds little progress on Nordic 70% flow data
(Montel) EU energy regulatory agency Acer has found scant progress on Nordic TSOs complying with the EU’s…
Read moreCO2 falls amid 2nd UK allowances auction
(Montel) European carbon prices were falling on Wednesday pressured by selling after the second auction of UK allowances…
Read moreNorway's AFK, Ferd to collaborate on offshore wind
(Montel) Norwegian green technology company AFK and investment firm Ferd have established a joint venture for the development…
Read moreUK sells carbon permits at GBP 44.75/t
(Montel) The UK sold 6m UK allowances at GBP 44.75/t in its second auction, exchange Ice Futures said…
Read moreGas prompt prices ease after Tuesday's spike
(Montel) European and UK prompt gas prices eased back on Wednesday from the previous session’s jump along…
Read moreCEO of Swedish wind firm Arise quits
(Montel) Daniel Johansson has resigned as CEO of Swedish wind power developer Arise, the company said on Wednesday.…
Read moreOrsted targets 50 GW renewables capacity by 2030
(Montel) Danish energy firm Orsted is targeting 50 GW renewables capacity globally by 2030, more than four…
Read moreNordic TSOs delay flow-based coupling by 6 months
(Montel) Flow-based coupling in the Nordic power market has again been delayed and is due to start…
Read morePortugal’s Galp plans 100 MW electrolyser by 2025
(Montel) Portuguese energy firm Galp has plans to build a 100 MW green hydrogen electrolyser by 2025 with…
Read moreNordic power futures retreat from highs on wetter outlook
(Montel) Nordic power futures prices edged down on Wednesday as fresh weather forecasts pointed to slightly wetter conditions…
Read moreAll new gas investments must be hydrogen ready – think tank
(Montel) Any new gas-fired power plants will need to anticipate switching to hydrogen as a fuel within…
Read moreOil prices firm after Opec+ commits to gradual supply boost
(Montel) Oil prices edged higher early on Wednesday amid expectations that a gradual supply boost from Opec and…
Read moreGazprom’s gas exports to Europe jump 27% in Jan-May
(Montel) Gazprom’s gas exports to Europe rose 27.2% year on year in the January-May period, the Russian gas…
Read moreGlobal power sector investment to hit record USD 820bn – IEA
(Montel) Global power sector investment is set to increase by around 5% in 2021 to more than USD…
Read moreOil jumps USD 2 as Opec agrees to stick to phased increase
(Montel) Oil prices jumped USD 2 on Tuesday as cartel Opec+ agreed at its latest ministerial meeting to…
Read moreCoal hits 2-year high on strong demand
(Montel) European coal prices jumped nearly USD 3/t on Tuesday to hit a two-year high, amid strength in…
Read moreGreen H2 demand embryonic despite small growth – study
(Montel) Green hydrogen demand in Europe is emerging but remains underdeveloped at around 4,000 tonnes per year, said…
Read moreBelgium confirms net-zero criteria for new gas-fired plants
(Montel) The Belgian government has made it mandatory for developers of new gas-fired plants to commit to…
Read moreVattenfall plans to build 150 MW boiler in Amsterdam
(Montel) Swedish utility Vattenfall has been granted a permit and subsidies to build a 150 MW power-to-heat…
Read moreSpanish gas demand rises 18% in May
(Montel) Spanish gas consumption totalled nearly 27 TWh in May, around 18% higher than a year earlier when…
Read moreEclipse could hit German solar output by 4-5 GW
(Montel) Next week’s solar eclipse could briefly knock out 4-5 GW of solar generation in Germany, Europe’s biggest…
Read moreSpain plans to cut nuclear, hydro windfall profits
(Montel) Spain has introduced draft legislation aimed at cutting windfall profits for nuclear and hydropower producers, in order…
Read moreAverage EU gas prices set to hit 8-year high for June
(Montel) Gas prices on the Dutch TTF hub are set to average around EUR 26/MWh this month,…
Read moreUK renewables share declines in May, as gas gains
(Montel) Biomass, wind and solar accounted for nearly 30% of the UK’s power mix in May, higher…
Read moreCoal prices may extend 2.5-year highs in June
(Montel) European coal prices could extend current 2.5-year highs this month amid strong related markets, continuing supply…
Read moreAnalysts see CO2 prices moderating after May’s record high
(Montel) A rally in carbon to fresh record highs above EUR 50/t was likely to take pause…
Read moreNasdaq buys marketplace for carbon removal credits
(Montel) Nasdaq has acquired a majority stake in Puro earth, a Finland-based marketplace for carbon removal instruments, it…
Read moreFinland to maintain one price zone despite wind boom – TSO
(Montel) Finland should be able to maintain the same power price across the country despite prospects of a…
Read moreFrench nuclear output rebounds 10% on year in May
(Montel) French nuclear power generation rose 2.7 TWh, or 9.9%, year on year in May to 27.4…
Read moreNordic July power hits contract high amid tight supply
(Montel) Nordic July power rose to a contract high on Tuesday amid buoyant spot prices and as…
Read moreGas prices rise on low wind, supply tightness
(Montel) European gas prices rose in early Tuesday trading, spurred by low wind power availability, an upturn…
Read moreGerman spot power eyes highest June average since 2008
(Montel) German spot power prices could average at the highest for June since 2008 amid fuel markets and…
Read moreEU coal terminal stocks hit fresh 6-month highs
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have risen to fresh six-month…
Read moreNo reduction in EU ETS free allocations over 2021-25 – EC
(Montel) There will be no reductions in free allocation of EUAs to industrial plants to 2025, said the…
Read moreGerman spot power eyes 5% drop on rising wind output
(Montel) German day-ahead power prices looked set to fall around 5% on Tuesday amid expectations that wind output…
Read moreOil trades near 3-month highs on demand optimism
(Montel) Oil prices traded near three-month highs early on Tuesday amid signs of rising demand in some major…
Read moreEU gas storage to be far from full by October – analysts
(Montel) European gas storage levels are likely to be near 70-75% full by the end of September…
Read moreCFDs pose risk to carbon market liquidity – exchanges
(Montel) The use of so-called carbon contracts for difference (CCFDs) to encourage clean technologies in emission intensive…
Read moreNordic spot power to remain at 10-year high in June
(Montel) Nordic spot power prices will likely average around EUR 43/MWh next month, a 10-year high for June,…
Read moreGerman Thursday power may hit 13-year high on low wind
(Montel) German power for delivery on Thursday, a regional bank holiday in Germany and Switzerland and a national…
Read moreTSOs agree to build 700 MW Poland-Lithuania power link
(Montel) Polish TSO PSE and Lithuanian TSO Litgrid on Monday agreed a final investment decision to build the…
Read moreStatkraft signs 126 MW Spain wind PPAs with Capital Energy
(Montel) Statkraft has signed three power purchase agreements (PPAs) for the supply from three wind projects being…
Read moreVattenfall buys minority stake in Estonia nuclear developer
(Montel) Swedish energy group Vattenfall has bought a 6% stake in Estonian small-scale nuclear power plant developer Fermi…
Read moreSpain spot, forward power eye sideways trading
(Montel) Spanish spot power prices were set to trade little changed this week amid muted wind supply, while…
Read moreJuly gas extends losses on thin trade, warmer weather
(Montel) Europe’s July gas contract extended losses on Monday amid thin trading volumes and forecasts of warmer…
Read moreSpanish power generation rises 14% in May
(Montel) Spanish power generation rose 13.9% year on year in May to 19.5 TWh, with monthly demand increasing…
Read moreItaly cabinet backs simplified renewables approval process
(Montel) The Italian cabinet has approved measures to cut the complicated and lengthy authorisation process which has held…
Read moreNordic June, July power hit new highs as hydro supply wanes
(Montel) Nordic power futures for delivery this summer rose to fresh contract highs on Monday, buoyed by a…
Read moreAdriatic LNG terminal resumes regasification operations
(Montel) Regasification operations at the Adriatic LNG terminal resumed on Saturday following an unplanned outage that reduced send-out…
Read moreOrsted to buy 250 MW offshore wind for hydrogen project
(Montel) Danish energy group Orsted has agreed to buy the output from a 250 MW offshore wind power…
Read morePharma firm Chiesi to cover all EU demand with green PPAs
(Montel) Italian pharmaceuticals firm Chiesi plans to use power purchase agreements (PPAs) to cover all European demand as…
Read moreSwiss ratifies EU GO imports despite lack of framework deal
(Montel) Switzerland has ratified a decision to allow imports of guarantees of origin (GOs) from European Union member…
Read moreWestern Europe power prices turn negative on Sunday
(Montel) Power prices across western Europe dipped into negative territory on Sunday for several hours amid healthy renewable…
Read moreOil prices rise on demand optimism ahead of Opec+ meeting
(Montel) Crude oil was higher early on Monday on demand optimism amid continuing Covid-19 vaccination programmes and the…
Read moreGerman spot power eyes rise amid lower solar output
(Montel) German day-ahead power prices were on track to rise less than EUR 2 on Monday, as lower…
Read moreDenmark’s European Energy sees sharp rise in wind, solar
(Montel Danish renewables producer European Energy had wind and solar projects with a total capacity of 947 MW…
Read moreUK may sell additional CO2 allowances in 2021
(Montel) The UK government is considering selling additional carbon allowances which were not allocated to industrial plants this…
Read moreCarbon slumps to weekly low
(Montel) European carbon prices slipped to a fresh weekly low late on Friday, as sentiment softened ahead…
Read moreGas prices drop on warmer outlook, weaker carbon
(Montel) European gas prices dropped on Friday amid a warmer-than-expected weather outlook and flagging carbon prices.…
Read moreGazprom’s May gas auction sales surpass 10 TWh
(Montel) Russian energy company Gazprom has sold 10.4 TWh (1bcm) of natural gas to European customers in May…
Read moreEUAs likely to hold within EUR 50-55 range
(Montel) EUAs are expected to continue to trade between EUR 50-55/t next week as the market continues to…
Read moreNordic July power extends gains on drier weather outlook
(Montel) The July power contract rose on Friday for a fourth day amid drier weather forecasts, although gains…
Read moreEndesa plans 650 MW solar project with H2 in Portugal
(Montel) Endesa plans to build 650 MW of solar power capacity together with a 100 MW battery storage…
Read moreNordlink doesn't solve Germany's grid problems – Merkel
(Montel) The 1.4 GW Nordlink power cable between Norway and Germany cannot be fully used until Germany has…
Read moreFinland’s wind power capacity to double in 3 years
(Montel) Installed wind power capacity in Finland is set to double between 2020 and 2023 thanks to new…
Read moreGermany to see low wind, stable solar, warm outlook in June
(Montel) After the recent cool, windy spell, Germany is set to see warmer weather with low wind…
Read moreGerman front-week power edges down on soaring solar
(Montel) Germany’s front-week power contract eased on Friday amid upwardly revised wind forecasts and expectations of surging…
Read moreItalian TSO sells 297 MW of demand response contracts
(Montel) Italian TSO Terna has sold 297.2 MW out of 300 MW of demand-side response power contracts for…
Read moreOil rises as strong economic data raises demand hopes
(Montel) Oil prices were rising on Friday as improving US economic data indicated the likelihood of strong crude…
Read moreCO2 falls amid weak complex, UK ETS
(Montel) European carbon prices fell on Thursday amid a weak energy complex, the release of free UK allowances…
Read moreSwiss rejection of closer EU ties may hit power industry
(Montel) Switzerland’s rejection this week of closer ties with the EU after years of talks threatens the stability…
Read moreItaly’s GSE awards 12% of renewable capacity in auction
(Montel) Italy’s state-owned energy services company GSE has allocated only 12% of renewable energy capacity projects in a…
Read moreSpain battery-solar hybrid may be profitable by 2030 – study
(Montel) Batteries installed alongside solar photovoltaic plants in Spain could be profitable by 2030, according to a study…
Read moreGas prices decline after seeing strong gains on Gazprom snub
(Montel) European gas prices fell on Thursday as market jitters eased after strong gains were seen in…
Read moreFalck, Solvay sign 10-year PPA for 41 MW Italy solar project
(Montel) Falck Renewables has signed a 10-year corporate power purchase agreement (PPA) with Belgium-based chemicals firm Solvay to…
Read moreCO2 intensity of German power mix slides 10% in 2020 – study
(Montel) German emissions from power generation averaged 366kg CO2/MWh in 2020, down 10.3% year on year, the UBA…
Read moreUK government completes issuance of free UKAs
(Montel) The UK government said it has finished issuing free UK Allowances (UKAs) to industrial installations as part…
Read moreEC plans renewable credit trading for electric vehicles
(Montel) The European Commission will propose a credit system for tracking renewable power used by vehicles in its…
Read moreAsia-Pacific coal prices climb to near 3-year highs
(Montel) Pacific basin benchmark coal prices have surged to their highest levels since August 2018, as aggressive…
Read moreNordic front power futures hit new highs on dry weather
(Montel) Nordic front power futures hit fresh highs on Thursday amid a dry weather outlook, which outweighed a…
Read moreAstravyets safety review delayed amid “difficult situation”
(Montel) EU nuclear safety experts need to visit the controversial new Astravyets nuclear plant in Belarus a second…
Read moreGerman spot power set to rise 6% as wind output wanes
(Montel) German day-ahead power looked set to rise more than EUR 4 on Thursday as forecasts pointed to…
Read moreOil prices slip in range-bound trading
(Montel) Oil prices eased in range-bound trading early on Thursday as the prospect of more global supply offset…
Read moreDutch court orders Shell to deepen 2030 CO2 cut to 45%
(Montel) A Dutch court ruled on Wednesday that oil and gas major Shell must increase its 2030 carbon-emissions…
Read moreCarbon rises as upward trend continues
(Montel) European carbon prices rose for a third day, as the recovery remained intact in a bullish market…
Read moreSpanish spot power hits 4-month high over EUR 86
(Montel) Spanish day-ahead power settled at EUR 86.23/MWh on average at the Omie auction on Wednesday, the…
Read moreGerman hydrogen projects to cost about EUR 50bn – study
(Montel) Germany would need to spend about EUR 50bn on hydrogen projects to put its industry on…
Read moreGerrman front-month power jumps, week ahead hits 3-mth high
(Montel) Germany’s front-month power contract gained more than EUR 1.50 on Wednesday, while the front week hit a…
Read moreItaly needs to “move fast” to meet green targets – TSO
(Montel) Italy’s 2030 and 2050 decarbonisation targets are achievable, but the country is not doing enough and “needs…
Read moreNorwegian power demand could soar 40% by 2030 – report
(Montel) Norway could see a 40% rise in power demand by 2030, due to increased use of electricity…
Read morePower grids unable to cope with peak EV charging – experts
(Montel) Europe’s power grids would not be able to cope with large-scale peak charging of electric vehicles (EV),…
Read moreWind is cheaper than nuclear for hydrogen output – economist
(Montel) Producing hydrogen from offshore wind would be cheaper than producing it from nuclear over the long term…
Read moreGas prices jump as Russia shuns extra transit capacity
(Montel) European gas prices jumped in Wednesday trading – with UK spot up nearly 7p – as…
Read moreNordic power hits fresh highs on dry outlook, strong spot
(Montel) Nordic power futures for delivery this summer rose EUR 1 to fresh contract highs on Wednesday, buoyed…
Read moreBaywa secures 600 MW wind and solar portfolio in France
(Montel) Renewable energy firm Baywa Re will take over French developer Enerpole, securing a portfolio of 600…
Read moreSSE hedges over 80% of 2021-22 wind, hydropower
(Montel) UK energy firm SSE has hedged over 80% of its expected wind and hydropower volume for…
Read morePoland set to absorb 23 GW of coal-fired assets by mid-2022
(Montel) Poland plans to absorb 23 GW of coal-fired assets from the country’s state-owned utilities PGE, Enea and…
Read moreGermany set to become central Europe’s premium power market
(Montel) German forward power prices look set to become more expensive than those in France for the…
Read moreGerman spot power set to climb above EUR 70/MWh
(Montel) German day ahead power prices looked set to edge above EUR 70/MWh on Wednesday as forecasters…
Read moreSpain risks missing 2030 interconnection target – IEA
(Montel) Spain is at risk of missing the EU’s 15% interconnection target by 2030 due to a…
Read morePGE’s Q1 earnings rise 51%, buoyed by capacity payments
(Montel) PGE, Poland’s biggest power producer, reported a 51% year-on-year increase in earnings before interest and taxes to…
Read moreRWE, Equinor to develop Norwegian offshore wind project
(Montel) Germany’s RWE has filed a joint application to develop offshore wind for Norway with local partners…
Read moreOil prices firm, eyes on US summer demand
(Montel) Oil prices traded a shade higher early on Wednesday as market participants awaited fresh signals about demand…
Read moreDemand for 24/7 renewable tracking remains low – experts
(Montel) Under the current market framework, there is little incentive for consumers to track their green energy…
Read moreEC eyes start of small road transport ETS – von der Leyen
(Montel) The European Commission wants to set up a very small-scale complementary ETS for road transport to start…
Read morePower industry worries about new sectors for EU ETS
(Montel) Representatives of European power companies expressed wariness of proposals to extend the EU’s carbon market to…
Read moreElementum to build 100 MW wind capacity in Ukraine by 2022
(Montel) Renewable electricity producer Elementum Energy plans to build 100 MW of wind power capacity in southern…
Read moreCarbon pares gains as market seeks direction
(Montel) European carbon prices pared earlier gains on Tuesday as the market sought direction, with prices expected to…
Read moreCO2 market could see record surplus by 2030 – UBA
(Montel) A record volume of surplus EU emissions allowances could rebuild by the end of the decade…
Read moreRoad transport ETS prices could be EUR 180/t by 2030
(Montel) EU carbon prices in a parallel road transport and buildings ETS could reach EUR 180/t by 2030…
Read moreFrance identifies site for 750 MW floating wind project
(Montel) France's energy minister Barbara Pompili has identified the proposed zone for two floating wind farms, totalling 750…
Read moreGas front month rises on limited supplies, strong carbon
(Montel) European front-month gas contracts posted strong gains on Tuesday, supported by ongoing supply concerns, low storage…
Read moreEDF probes corrosion on fuel rods at Chooz, Civaux reactors
(Montel) EDF is probing fuel rods at its French Chooz and Civaux nuclear power plants – totalling 6…
Read moreItaly to simplify renewables approval process within 2 weeks
(Montel) Italy expects to simplify its authorisation process for renewable projects within two weeks, energy transition minister Roberto…
Read moreCWE power price convergence grows amid pandemic – TSO
(Montel) The Covid-19 pandemic amplified several trends in the central-western European (CWE) power market last year, with prices…
Read moreCzech Republic to proceed with Turow lawsuit despite talks
(Montel) The Czech Republic plans to proceed with a complaint to the European Court of Justice (ECJ) over…
Read moreEU coal terminal stocks rise to 6-month highs
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have risen to six-month highs…
Read moreNordic power climbs as hydro stocks sink to year low
(Montel) Nordic power contracts jumped more than EUR 2.50 to fresh highs on Tuesday as hydropower reserves were…
Read moreUK could become net renewables importer – study
(Montel) The UK risks becoming a net importer of renewable energy despite abundant wind resources as high transmission…
Read moreAxpo signs 5-year 50 MW wind PPA with Spain’s Enhol
(Montel) The Iberian unit of Swiss utility Axpo has signed a five-year power purchase agreement (PPA) with Spanish…
Read moreOX2 confirms 2022 launch for 66 MW Finnish wind farm
(Montel) OX2 will soon start building a 66 MW onshore wind farm in Finland with a production start…
Read moreGerman spot to rise 7% as solar wanes, demand increases
(Montel) German day-ahead power looked set to rise EUR 4 as forecasts pointed to decreasing green output while…
Read moreNegative power prices hit European markets over weekend
(Montel) Germany and many neighbouring power markets saw power prices flip into negative territory this weekend amid ample…
Read moreOil continues rise on Iran uncertainty, demand hopes
(Montel) Oil continued this week’s rise on Tuesday amid uncertainty over whether US sanctions on Iran would be…
Read moreCarbon gains amid thin volumes
(Montel) European carbon prices bounced back on Monday from last week’s losses amid thin volumes due to a…
Read moreCummins to build 500 MW electrolyser in Iberdrola tie-up
(Montel) US diesel engine maker Cummins has plans to build a green hydrogen electrolyser factory with an annual…
Read moreGas prices fall on rising flows from Norway, German wind
(Montel) European prompt gas prices traded weaker in early Monday trading amid rising inflows from Norway and the…
Read moreSpanish spot power set to trade flat, futures to rebound
(Montel) Spanish spot power prices were set to trade flat this week, while futures could rebound from recent…
Read moreFrench GO prices jump 58% in latest auction
(Montel) Prices for French guarantees of origin (GO) surged 58% to an average weighted EUR 0.51/MWh in…
Read moreCoal prices hover near multi-year highs
(Montel) European coal prices were hovering close to multi-year highs in early Monday trading amid a still-supportive Pacific…
Read moreHydro storage will help UK mitigate weather risk – study
(Montel) The UK should invest more in pumped hydro storage to mitigate weather risk in relation to the…
Read moreItaly’s ERG to buy 80 MW of French wind, solar capacity
(Montel) Italy’s largest wind operator ERG plans to buy 80 MW of renewable capacity in France from investment…
Read moreMine blockade scuppers Cerrejon’s Colombia coal exports
(Montel) Colombia’s key Cerrejon mining complex has halted operations and declared force majeure on its exports due…
Read morePGE refuses to suspend Turow mining despite ECJ order
(Montel) Poland's biggest power producer has said “it cannot agree” with a European Court of Justice ruling…
Read moreEuropean terminals expect 3.3bcm of LNG this week
(Montel) LNG vessel arrivals at key European destinations could total around 3.3bcm this week, potentially bringing imports…
Read moreCrude oil prices rise on optimism about demand
(Montel) Crude oil was higher early on Monday on demand optimism, although market players are expected to…
Read moreQ3 coal hits 2.5-year high
(Montel) European coal prices extended the previous session’s gains on Friday, amid strength in the Pacific basin, with…
Read moreRWE, BASF to develop 2 GW offshore wind park
(Montel) RWE and BASF will develop a 2 GW offshore wind park in the North Sea intended…
Read morePolish grid would cope with 2 GW Turow closure – analyst
(Montel) Poland’s power system would be able to cope if utility PGE were to close its 2 GW…
Read moreGerman front-year power rises, peak spot hits 10-month low
(Montel) Germany’s front-year power contract climbed back to EUR 65/MWh on Friday as carbon prices continued to rebound,…
Read moreRussia to complete Nord Stream 2 this year – experts
(Montel) Russia is likely to complete its Nord Stream 2 gas pipeline to Germany this year, observers…
Read moreSwedish power demand may double by 2045 – TSO
(Montel) Power demand in Sweden may double to 286 TWh by 2045 due to increased use of electricity…
Read moreGermany to see less wind, more solar next 4 weeks
(Montel) Germany would see wind output lessen to more normal levels over the next four weeks, while…
Read moreItaly’s April power demand jumps 22% led by industry
(Montel) Power demand in Italy surged nearly 22% year on year to 24.3 TWh in April, mainly led…
Read moreGas prices rise on outages, storage demand and CO2 rally
(Montel) European gas prices rose on Friday amid a combination of lower gas flows from Norway, rising…
Read moreECJ orders halt to mining lignite for 2 GW Polish plant
(Montel) The European Court of Justice on Friday ordered an immediate halt of lignite extraction at the Polish…
Read moreFrench spot power eyes EUR 8 surge next week on cool weather
(Montel) French spot power prices could jump about EUR 8 next week on average amid persistent cool…
Read moreEUAs poised for range-bound trade after wide swings
(Montel) EU carbon prices are likely to trade in a more limited range in the coming week after…
Read moreNordic spot power eyes 7-week low but some futures firm
(Montel) Nordic day-ahead power looked set to settle at or near a seven-week low on Friday amid…
Read moreItalian experts warn against reliance on blue hydrogen
(Montel) The production of blue hydrogen using carbon capture and storage (CCS) should only be considered a marginal…
Read moreGerman front-week power trades flat on strong green output
(Montel) Germany’s front-week power contract traded flat on Friday as forecasts continued to show stronger than normal…
Read moreOil prices rise on demand, India optimism
(Montel) Crude oil was higher early on Friday on optimism about overall demand and an improving outlook…
Read moreGermany needs incentives to prevent supply squeeze – experts
(Montel) Germany needs a capacity mechanism to incentivise the building of gas-fired plants to prevent a supply squeeze…
Read moreGreen MEPs want EUR 50/t carbon price floor from 2023
(Montel) Green members of the European Parliament want an EU ETS price floor of EUR 50/t from 2023,…
Read moreCoal firms on Asia support, Colombia disruption
(Montel) European coal prices jumped on Thursday amid support in the Pacific basin and ongoing supply disruptions in…
Read moreCez plans 6 GW green capacity by 2030, CO2 neutral by 2050
(Montel) Czech utility Cez plans to build 6 GW of renewables capacity by the end of the decade…
Read moreEUAs rally back above EUR 52/t as sentiment turns bullish
(Montel) EU carbon regained some of its losses from the previous two sessions on Thursday, climbing above EUR…
Read moreAcer to assess price formation efficiency in EU markets
(Montel) Acer is developing a way to assess efficient wholesale power price formation, looking at barriers such as…
Read moreEUR 50/t CO2 “the new norm” – Refinitiv
(Montel) European carbon prices of around EUR 50/t were a “new norm”, Refinitiv analyst Ingvild Sorhus told…
Read moreSpain approves widening spot power bid limits from July
(Montel) On Thursday Spain approved new rules allowing negative bids on the daily Omie power market from 6…
Read moreLack of liquidity hampers German PPAs – analysts
(Montel) Problems with liquidity, standardisation and creditworthiness may obstruct Germany’s power purchase agreement (PPA) market growth despite…
Read moreEU carbon border tax a “delicate subject” – WTO head
(Montel) The EU’s plan for a carbon border tax was a “very delicate subject” for its trade partners,…
Read moreGreen hydrogen alone is too costly for steel – Thyssenkrupp
(Montel) Producing steel using green hydrogen alone will be too costly and is insufficient to meet the needs…
Read moreEC approves subsidies for 11 GW of Polish wind capacity
(Montel) The European Commission has approved Poland’s plans to build 11 GW of offshore wind capacity, funded via…
Read moreGas prices track CO2 higher amid low storage
(Montel) European gas prices rose on Thursday, tracking carbon contracts amid persistently low storage levels. …
Read moreColombia protests hit coal, oil production – government
(Montel) Widespread political unrest in Colombia over the past month has so far caused a 0.2m-tonne reduction…
Read moreGermany must retain subsidies to meet green goal – experts
(Montel) Germany must retain a renewables subsidy scheme to meet its ambitious climate goals over the next decade,…
Read moreNewcastle coal edges back above USD 100/t
(Montel) Asia’s benchmark coal index returned to its highest level in two months this week, even as…
Read moreTotal signs 5-yr LNG supply deal with India’s ArcelorMittal
(Montel) French energy major Total has signed a five-year agreement with steel producer ArcelorMittal Nippon Steel (AMNS)…
Read moreMEPs call for rapid phase-out of fossil fuel-based hydrogen
(Montel) MEPs want to phase out fossil fuel-based hydrogen as soon as possible, they said in a resolution…
Read moreCrude oil prices claw back after Wednesday’s 3% drop
(Montel) Oil prices traded a shade firmer early on Thursday, clawing back from a 3% drop in the…
Read morePGNiG gas imports rise 18% in Q1 on cold weather
(Montel) Polish gas monopoly PGNiG imported 4.1bcm of natural gas in the first quarter, an 18% increase year…
Read moreNEL mulls 2 GW/year scale-up of Norwegian electrolyser
(Montel) Norwegian hydrogen producer NEL could expand production capacity at an electrolyser manufacturing plant in Norway from 500…
Read moreEurope signs more than 1.4 GW PPA deals in April
(Montel) European corporates and utilities signed more than 1.4 GW of power purchase agreements (PPAs) last month amid…
Read moreCO2 plunges 8% to 2-week low
(Montel) European carbon prices slumped to two-week lows in Wednesday trading, plunging more than 8%, as profit-taking…
Read moreNo ruling on EPR valves before year end – French regulator
(Montel) France's ASN nuclear safety authority will not rule before the end of the year on safety valve…
Read moreNordic spot to rise next week on low nuclear output – EQ
(Montel) Nordic spot power prices should continue to rise next week on lower nuclear availability, analyst Eylert Ellefsen…
Read moreUK holds first carbon sale amid EUA sell-off
(Montel) The UK sold its first tranche of carbon UKAs at auction on Wednesday for GBP 43.99/t amid…
Read moreNordic power demand may rise 60% by 2050
(Montel) Annual power demand in the Nordic region could rise by more than 60% from 404 TWh currently…
Read moreGermany cuts power taxes to promote hydrogen uptake
(Montel) The German government on Wednesday issued tax breaks to the production of so-called green hydrogen as…
Read moreGermany must exit coal by 2030 to meet CO2 goal – study
(Montel) Germany should exit coal-fired power generation by 2030 – as opposed to 2038 as initially planned…
Read moreItalian gas TSO Snam tests 30% hydrogen blend in steel plant
(Montel) Italian gas TSO Snam has tested a blend of 30% hydrogen with 70% natural gas to…
Read moreGas prices slide to 2-week lows as CO2 sells off
(Montel) European gas contracts fell to their lowest levels in a fortnight on Wednesday amid weaker carbon,…
Read more1.3 GW Portugal solar to start-up before deadline – sources
(Montel) The 1.3 GW of solar capacity awarded in Portugal’s summer 2019 auction at record low prices could…
Read moreFrench hydropower output set to ease after jump in May – EQ
(Montel) French hydropower production is set to fall in the coming weeks on drier weather, after abundant May…
Read moreLNG tightness shows tentative signs of easing – analysts
(Montel) There are some emerging signs of easing supply tightness for the well-supported LNG market, with more…
Read moreNordic-German power spreads at historical levels – Thema
(Montel) The price spreads between some Nordic and German power futures have widened above EUR 30/MWh – far…
Read moreSweden may struggle with offshore wind plans – consultancy
(Montel) Sweden lacks the plans needed to build 10 GW of offshore wind power by 2030, which could…
Read more“Human error” behind 3.9 GW Belchatow outage – official
(Montel) Human error was the cause of this week’s 3.9 GW outage at Poland’s biggest power plant –…
Read morePower sector seeks tighter EU, UK volume coupling
(Montel) Power traders, suppliers and large consumers want to see tighter EU-UK volume coupling and day-ahead order books…
Read moreCO2 slides below EUR 52/t as sell-off continues
(Montel) EU carbon prices fell below EUR 52/t early on Wednesday as the sharp sell-off that started on…
Read moreNordic power edges up as hydro stocks set to decline
(Montel) Nordic power contracts edged up on Wednesday as hydropower reserves were set to fall towards their lowest…
Read moreNorthvolt eyes 3 large European battery factories by 2030
(Montel) Swedish battery manufacturer Northvolt expects to operate three large battery factories in Europe by 2030 due to…
Read moreAnalysts revise down 2022 gas, coal price outlook by 3%
(Montel) Economic analysis firm FocusEconomics has revised down its forecast for average US benchmark gas prices and…
Read moreEngie to nearly triple green capacity to 80 GW by 2030 – CEO
(Monte) French utility Engie aims at nearly tripling its installed renewables capacity to 80 GW by 2030…
Read moreTest of hourly renewables certificates to launch this year
(Montel) An initiative allowing consumers to track their power with renewable-energy certificates of one hour or less is…
Read moreGerman spot power to drop on renewables boost
(Montel) German day-ahead power prices looked set to shed around EUR 6 on Wednesday due to rising…
Read moreOil prices slip amid Asian demand concerns
(Montel) Oil prices slipped early on Wednesday amid concerns about flagging Asian demand, as Covid infections and related…
Read moreFinland’s Ilmatar raises EUR 200m to fund wind power growth
(Montel) Finnish wind power developer Ilmatar has raised EUR 200m from international investors in a bid to significantly…
Read moreGoogle eyes more European PPAs to achieve 24/7 green energy
(Montel) US technology giant Google is looking to broaden its European power purchase agreement (PPA) portfolio, as the…
Read moreCO2 extends losses ahead of UK ETS debut
(Montel) European carbon prices extended the previous session’s losses on Tuesday, as market participants remained cautious ahead of…
Read moreEU carbon plunges 4.9% amid heavy selling
(Montel) European carbon prices plunged in early afternoon trading on Tuesday, as traders liquidated long positions among a…
Read moreGerman Cal 22 power slides with weaker EUAs
(Montel) German power for delivery next year dropped for a second consecutive session on Tuesday amid a weaker…
Read morePGE restarts 3.5 GW of units at Belchatow amid outage
(Montel) PGE has restarted 3.5 GW of units at its lignite-fired 5.1 GW Belchatow plant in Poland after…
Read moreSwedish TSO expects improved supply security this summer
(Montel) Sweden is unlikely to face the same grid frequency problems this summer that forced TSO Svenska Kraftnat…
Read moreTirreno axes plan to build 1.6 GW Italian gas units
(Montel) Italian utility Tirreno Power has cancelled plans to build two combined cycle gas turbine units (1.6 GW)…
Read moreGas prices fall on profit-taking, weaker carbon market
(Montel) European gas prices retreated further in early Tuesday trading on widespread profit-taking, softening related markets and…
Read moreUK carbon market may see early intervention – sources
(Montel) UK carbon allowance prices could rise high enough to trigger the new market’s cost containment mechanism as…
Read moreGermany allows partial resumption of Nord Stream 2 work
(Montel) German maritime authorities have allowed work to resume on a 2km segment of the contested 55bcm Nord…
Read moreEngie’s nuclear availability hits record 95% in Q1
(Montel) French utility Engie saw nuclear availability hit a record high 95% at its two Belgian plants in…
Read moreNordic front power jumps as spot trades higher than expected
(Montel) Nordic front power futures jumped on Tuesday morning amid higher-than-expected spot prices and a continuing cool weather…
Read moreGerman spot power set to rise 4% on lower wind output
(Montel) German day-ahead power prices looked set to rise around 4% on Tuesday as forecasts showed wind generation…
Read moreOil prices rise on growing demand optimism
(Montel) Oil prices were rising on Tuesday morning to around pre-pandemic levels amid growing optimism on fuel demand…
Read moreWorld set to fall well short of achieving net zero – IEA
(Montel) Climate pledges by governments to date, even if realised, would fall well short of what is required…
Read moreCCS could be operational in UK by 2027 – Drax
(Montel) Carbon capture and storage technology could be operational in the UK by 2027, Will Gardiner, CEO of…
Read moreCO2 retreats from high, hovers above EUR 56
(Montel) European carbon prices eased back on Monday from the previous session’s record high, though the market…
Read moreAreva-Siemens, TVO agree on Olkiluoto 3 funding
(Montel) An Areva-Siemens consortium is set to pay another EUR 600m for the Olkiluoto 3 (1.6 GW) reactor…
Read moreSpanish spot power climbs on lower wind output
(Montel) Spanish power spot prices looked set to climb this week amid expectations of lower wind supply, while…
Read moreGazprom books extra 15mcm/day of gas transit capacity
(Montel) Russia's Gazprom has booked an additional 15mcm/day of gas transit capacity via Ukraine to European destinations…
Read moreGas prices fall on retreating CO2
(Montel) European gas contracts fell on Monday, tracking weakness in the carbon market, though low storage levels and…
Read moreItaly's April gas demand jumps to highest in 13 years – GME
(Montel) Italy’s gas consumption jumped 44% year on year in April to 6.06bcm (64.1 TWh), the highest in…
Read moreCO2 rally attracts investment from US, non-traditional funds
(Montel) The surge in EU carbon prices has triggered a significant volume of investment from non-traditional market participants,…
Read moreBerlin paid EUR 4bn too much to close lignite units
(Montel) Germany overpaid utilities by as much as EUR 4bn to close lignite assets under its coal…
Read moreNew Belgian gas-fired plants must be net zero by 2050
(Montel) New gas-fired power plants in Belgium must commit to net zero emissions by 2050 to receive…
Read moreEuropean LNG terminals expect 2.7bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 2.7bcm this week, potentially bringing imports…
Read moreGerman spot power eyes 3-month high amid rising demand
(Montel) German day-ahead power prices were on track to rise 5% on Monday, as continuously subdued renewable generation…
Read moreOil prices range-bound on mixed demand signals
(Montel) Crude oil was flat early on Monday, as the market faced mixed demand signals amid a weaker…
Read moreItaly’s ERG to build 400 MW wind through auctions or PPAs
(Montel) Italian largest wind operator ERG plans to place about 400 MW of European renewable projects through contract-for-difference…
Read moreFrench front-year power hits 12.5-yr high on CO2, gas rally
(Montel) French front-year power prices hit a 12.5-year high on Friday, as the curve was driven up…
Read moreCoal slips on Asian pressure
(Montel) European coal prices dropped on Friday amid bearish signals from the Pacific basin, while the carbon market…
Read moreCO2 tops EUR 56/t for first time as rally continues
(Montel) European carbon rose above EUR 56/t for the first time in early Friday afternoon trading, rallying almost…
Read moreGerman power jumps near EUR 2 on surging energy complex
(Montel) German front-year power jumped near EUR 2 on Friday to hit a fresh 12.5-year high as carbon…
Read morePoland should replace coal with renewables, not gas – lobby
(Montel) Poland should replace any forced closures of coal-fired power capacity with renewable energy instead of gas to…
Read moreBaltic producers urge more clarity on Russia trade
(Montel) Baltic power producers are urging the region’s regulators and TSOs to overcome disagreements over power trade with…
Read morePolish power demand, output surge in April
(Montel) Polish power consumption rose 13.7% year on year in April to 13.8 TWh, while output surged 21%…
Read moreCarbon prices set for volatile week as UK ETS debuts
(Montel) Carbon prices are likely to remain volatile next week, as traders monitor other markets for direction and…
Read moreGas prices rise on “breathtaking” CO2, cool outlook
(Montel) European gas prices continued to rise on Friday – after a short setback on Thursday – on…
Read moreNew green firm Matrix plans 450 MW in Spain, eyes Italy
(Montel) Matrix Renewables is developing 450 MW of projects in Spain and is eyeing Italy under plans to…
Read moreNordic spot power prices to fall on rain, snowmelt
(Montel) Nordic power spot prices are set to fall by around EUR 10 next week, as heavy rain…
Read moreCool, windy, wet weather to persist until June in Germany
(Montel) Germany was set for a cool, windy, wet end to May but with conditions set to…
Read moreItaly’s ERG signs 10-year wind PPA with telecom operator
(Montel) Italy’s largest wind operator, ERG, has signed a 10-year power purchase agreement (PPA) with Italian telecom company…
Read moreNorway’s Agder Energi in talks to sell German unit
(Montel) Norwegian power company Agder Energi is in talks with several potential buyers of parts of its German…
Read moreGerman front-week power firms on demand uptick
(Montel) Germany’s front-week power contract firmed on Friday amid forecasts for continued cool weather and rising demand,…
Read moreRetiring 100 GW nuclear capacity by 2040 may threaten supply
(Montel) More than 100 GW of nuclear capacity is due to retire over the coming 20 years,…
Read moreEDP in talks for 2.5 GW of PPAs on strong demand – CEO
(Montel) Portuguese utility EDP is in talks to sign long-term power purchase agreements (PPA) for 2.5 GW…
Read moreOil prices fall as US pipeline restarts, on India concerns
(Montel) Oil prices fell on Friday as the US Colonial pipeline fully resumed operations after a cyber attack and…
Read moreCarbon retreats from record high
(Montel) European carbon prices fell on Thursday, after hitting new highs in the previous session, as profit-taking and…
Read moreSpanish parliament approves decarbonisation plans
(Montel) Spain’s parliament approved a climate change and energy transition law on Thursday, which ratifies the country’s decarbonisation…
Read moreItaly green recovery plan may not meet 2030 goals – experts
(Montel) Italy’s EUR 60bn post-pandemic recovery plan for the energy sector still may not be enough to achieve…
Read moreGas prices correct down along with weaker CO2
(Montel) Front-month European gas prices corrected down on Thursday, after hitting multi-month highs in the prior session,…
Read moreFreight rates retreat from decade highs
(Montel) Global dry freight rates have retreated from their highest levels in more than a decade, despite…
Read moreGOs – 2021 Nordic hydro soars to 1-year high
(Montel) Prices for European guarantees of origin (GO) jumped to one-year highs this week as concerns about hydropower…
Read moreAsia-Pacific coal prices rise on China import demand
(Montel) Pacific basin benchmark coal prices continued to rise over the past week, underpinned by Chinese demand…
Read moreOil prices back down from 2-month highs
(Montel) Oil prices slumped more than 1% in early Thursday trading amid a stronger US dollar and concerns…
Read moreEC to cut carbon market auction supply by 379m EUAs
(Montel) The European Commission will transfer nearly 379m EUAs to the market stability reserve this year, with the…
Read moreNorthwest Europe to see cool, windy summer – MetDesk
Northwest Europe faces a cool summer with wind output close to or above normal, UK weather service…
Read moreCarbon rally continues as EUAs soar past EUR 55/t
(Montel) EUAs climbed above EUR 55/t late on Wednesday after having breached EUR 54/t for the first time…
Read moreItaly TSO receives over 100 GW in green connection requests
(Montel) Italian power TSO Terna has received over 100 GW in requests to connect renewable plants to the…
Read moreEnergy markets hit highs on carbon, gas, coal
(Montel) European energy markets continued to achieve new highs in Wednesday trading amid soaring carbon prices, a…
Read moreEurope on course for record PPA growth – RE-Source
(Montel) Europe is on course for another record high number of corporate power purchase agreements (PPAs) this year…
Read moreFrance bets on floating wind power for 2050 target – TSO
(Montel) France is aiming to achieve its ambitious target of 50 GW of offshore wind by 2050 through…
Read moreEU ETS to help Germany reach power climate goals – minister
(Montel) The German government expects to reach its higher climate goals for the energy and industry sectors via…
Read moreUK power prices rise after Stor relaunch – data analyst
(Montel) Procurement prices for back-up capacity in the UK’s wholesale power market rose last month following the relaunch…
Read moreEU power rally “logical” on strong CO2, gas – Iberdrola CEO
(Montel) The recent spike seen in European power prices is “absolutely logic” amid strong carbon and gas prices,…
Read moreEIA hikes 2021 US coal export outlook by 19%
(Montel) The US Energy Information Administration (EIA) has revised up this year’s thermal coal export outlook by…
Read moreGas prices hit fresh 4-mth high on CO2, storage concerns
(Montel) European gas prices hit a fresh four-month high on Wednesday amid a soaring CO2 price –…
Read moreRWE coal units needed to stabilise grid in Q1 – CFO
(Montel) Germany had to rely on two of RWE’s coal-fired power units in reserve to meet demand during…
Read moreFortum expects EC to label nuclear as sustainable
(Montel) Finnish utility Fortum expects the European Commission (EC) to include nuclear power on its list of sustainable…
Read moreNordic power curve rises, German Q3 spread hits record high
(Montel) Nordic power futures extended gains on Wednesday, lifted by strong continental prices and a drier outlook,…
Read moreEUAs top EUR 54/t amid lack of sellers
(Montel) Carbon prices rose by around EUR 1 for the fourth consecutive day as speculative demand continued to…
Read moreAsian LNG prices surge on supply issues, demand
(Montel) Asia-Pacific LNG benchmark JKM prices have risen to fresh four-month highs, and remain in a pronounced…
Read moreGlobal oil demand outlook “is mired in uncertainty” – IEA
(Montel) Global oil demand is expected to rise 5.4m bbl/day in 2021, albeit down 0.27m bbl/day from an…
Read moreItaly’s gas demand rises 5% in Q1 – TSO
(Montel) Italy’s gas demand rose 5% year on year in the first quarter to 25.19bcm as colder temperatures…
Read moreEDF confirms 330-360 TWh nuclear output target for 2021
(Montel) EDF confirmed on Wednesday its nuclear output target for this year was unchanged in a 330-360…
Read moreEDF warns of further difficulty in France-EC price talks
(Montel) Talks between France and the European Commission on raising the Arenh regulated price for EDF’s nuclear…
Read moreClimate campaigners mount legal challenge against UK
(Montel) UK environmentalists on Wednesday announced a legal challenge to the government’s fiscal support for oil and gas…
Read moreVerbund hedges 29% of 2022 output EUR 49.20/MWh
(Montel) Austrian utility Verbund had hedged 29% of its 2022 hydropower output at EUR 49.20/MWh by the end…
Read moreGerman spot power to fall 20% on flagging demand
(Montel) German day-ahead power prices looked set to shed near 20% on Wednesday due to lower demand…
Read moreFortum hedges 55% of 2022 Nordic output at EUR 31/MWh
(Montel) Finnish utility Fortum had hedged 55% of its expected power production for 2022 by the end of…
Read moreOil firms in range-bound trade ahead of US inventory data
(Montel) Oil prices traded a shade firmer in early trading on Wednesday as market participants awaited official data…
Read moreRWE trading unit’s earnings rise 11% in Q1
(Montel) Earnings at RWE’s trading division rose 11% in the first quarter of the year, the German utility…
Read moreEuropean power forwards hit fresh highs on CO2 rally
(Montel) European power forwards jumped on Tuesday with the Spanish Cal 2022 hitting fresh all-time highs at…
Read moreCarbon rises above EUR 53 on strong energy, less supply
(Montel) EUAs broke above EUR 53 for the first time as energy prices continue to rise and allowance…
Read moreGerman power production jumps 19% in April – BNA
(Montel) German power output rose 19% in April year on year and returned to pre-pandemic levels, data from…
Read moreBelgian-French tensions rise over offshore wind
(Montel) A conflict between Belgium and France over a 600 MW offshore wind farm off the port…
Read moreCarbon rises to fresh high on bullish sentiment
(Montel) European carbon prices rose to a fresh high amid continued strong market sentiment, driven by a cool…
Read moreSpot biomass prices hit 14-month high on generation demand
(Montel) The price of wood pellets for use in European power generation has risen more than 5%…
Read moreJune gas firms as supply threats persist
(Montel) European front-month gas reversed losses early on Tuesday amid ongoing supply shortages and extended gains in…
Read moreAnalysts weigh key drivers as carbon prices set new highs
(Montel) Carbon’s rapid price gains are dividing opinions over what forces are behind the benchmark contract doubling in…
Read moreGerman Cal 22 power extends 12-year high
(Montel) German front-year power extended its 12-year high reached in the prior session on Tuesday amid bullish coal,…
Read moreSweden's Helios increases solar project pipeline by 200 MW
(Montel) Swedish solar developer Helios Nordic Energy has added 200 MW of new projects to its portfolio, it…
Read moreSwedish miner sues EC over free EUAs for steel sector
(Montel) Swedish state-owned mining company LKAB has filed a lawsuit against the European Commission as it wants a…
Read moreNorway wind power tax would hit new, existing units
(Montel) A new Norwegian tax on onshore wind power output starting next year, proposed on Tuesday by the…
Read moreSweden’s wind capacity may grow by 2.1 GW next year – lobby
(Montel) Sweden’s wind power capacity could grow by 2.1 GW next year, almost double the amount from an…
Read moreCentrica aims for 100m annual trades by mid-decade
(Montel) Danish firm Centrica Energy Trading expects its annual trade volume to reach 100m by the middle of…
Read moreNordic power futures rebound on drier outlook
(Montel) Nordic power futures rose on Tuesday, after shedding several euros in the prior session, as the latest…
Read moreSSE Thermal, Equinor plan 900 MW CCS power station
(Montel) SSE Thermal and Norwegian energy firm Equinor plan to jointly develop a 900 MW gas-fired power station…
Read moreDanish firm to build 300 MW green hydrogen plant by 2024
(Montel) Danish fuel company Everfuel has plans to build a green hydrogen plant – with a capacity…
Read moreRail blockade impacts Colombian coal supply
(Montel) A rail blockade has lasted for nearly a week on a line linking Colombia’s key Cerrejon…
Read moreCez hedges 30 TWh of 2022 power output at EUR 47.30/MWh
(Montel) Czech utility Cez had hedged 30 TWh of next year’s power production at an average price of…
Read moreGerman spot power eyes 2% drop as wind output set to rise
(Montel) German day-ahead power prices looked set to fall around 2% on Tuesday as forecasts indicated a pick-up…
Read moreGermany leads global green H2 plans with 23% of pipeline
(Montel) Germany is the “clear front-runner" in developing low carbon hydrogen with 23% of planned global electrolyser capacity,…
Read moreNew solar, wind capacity to grow 550 GW next 2 years – IEA
(Montel) New wind and solar capacity additions will total 550 GW in 2021 and 2022, accounting for…
Read moreOil falls on receding US pipeline jitters in wake of attack
(Montel) Oil prices were falling on Tuesday with the US Colonial pipeline to resume operations by the end…
Read moreEon hedges 69% of its 2022 nuclear generation at EUR 47/MWh
(Montel) German utility Eon's subsidiary Preussen Elektra had hedged 69% of its 2022 nuclear power generation by the…
Read moreUK slashes free allocation by 31% – ministry
(Montel) The UK will distribute 31% fewer UK Allowances than originally announced when it hands out free permits…
Read moreEU panel signs off 55% CO2 cut by 2030 target
(Montel) The European Parliament’s environment committee has approved the EU’s 2030 target to cut its emissions by at…
Read moreEUAs to exceed EUR 70/t by 2030 – survey
(Montel) More than half of EU ETS participants expect prices to exceed EUR 70/t by 2030, according to…
Read moreCO2 hits new high in tandem with bullish energy
(Montel) European carbon prices hit a new record high on Monday in tandem with the rest of the…
Read moreLicensing spat behind Swedish nuclear closure fears
(Montel) A disagreement over the licensing process for Sweden's final storage site for nuclear waste is a key…
Read moreFortum to manage Uniper’s Nordic hydropower assets from 2022
(Montel) Fortum and Uniper will combine their hydropower assets and physical trading optimisation businesses in the Nordic region…
Read moreGerman front-year power hits 12-year high amid gas gains
(Montel) German front-year power climbed to a 12.5-year high on Monday, driven by gas price increases amid…
Read moreSpanish Cal 22 power reaches 2.5-year high, spot trades flat
(Montel) Spain's Cal 22 power contract hit a near 2.5-year high on Monday with another record high for…
Read moreFront-month gas nears 4-month high on soaring CO2
(Montel) Europe’s Dutch and UK front-month gas contracts rose near four-month highs on Monday, propelled by soaring…
Read moreNordic power futures tumble, German spreads gape to EUR 35
(Montel) Nordic power front futures traded sharply lower on Monday, amid forecasts for above-normal precipitation, while their discount…
Read moreEUAs jump above EUR 52/t in thin market
(Montel) EUA prices rose above EUR 52/t in thin early trading on Monday, as the natural gas and…
Read moreEuropean LNG terminals expect 3.1bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 3.1bcm this week, potentially bringing imports…
Read moreSpanish hourly power slumps to 7-year low near zero
(Montel) Spanish hourly power prices for Sunday afternoon slumped to a seven-year low of EUR 0.01/MWh amid robust…
Read moreAustralia’s Newcastle coal exports slip 6% in April
(Montel) Coal exports from the key Australian export port of Newcastle declined 6% on the year in…
Read moreENBW trading arm’s Q1 earnings fall 36%
(Montel) German utility ENBW’s generation and trading business posted a 36.4% fall in first quarter earnings, mostly due…
Read moreOil prices rise on demand optimism as lockdowns ease
(Montel) Crude oil was higher early on Monday on optimism about overall demand and easing pandemic lockdowns despite…
Read moreNorway plans production tax on wind power
(Montel) Norway’s government will propose the introduction of a production tax on onshore wind power when it presents…
Read moreGerman spot power eyes 3-week high as green output slumps
(Montel) German day-ahead power prices were on track to rise almost EUR 16 on Monday, as combined wind…
Read morePower prices turn negative on high renewables, low demand
(Montel) Hourly power prices in Germany and several neighbouring countries dropped below zero on Sunday amid a mixture…
Read moreCO2 climbs above EUR 51 to new high on aggressive buying
(Montel) EUAs soared above EUR 51/t for the first time late on Friday amid aggressive buying in a…
Read moreGas falls but storage demand provides floor
(Montel) European gas prices were falling on Friday amid a milder weather outlook and profit-taking, although an acute…
Read moreNew German climate goal may see coal exit by 2030 – experts
(Montel) Germany’s more ambitious climate targets could see the country exit coal as early as 2030, though lagging…
Read moreEC has no plans to intervene in ETS over prices – official
(Montel) The European Commission has no plans to intervene in the EU ETS as carbon prices rise rapidly,…
Read moreGerman front year edges up with firm carbon
(Montel) Germany’s front-year power contract was inching up on Friday towards the 12.5-year high seen on Thursday, as…
Read moreSpanish hourly power slumps to 3-month low near zero
(Montel) Spanish hourly power prices for Saturday slumped to a three-month low near zero at auction on Friday…
Read moreGerman “Redispatch 2.0” may drive spot to new lows – Volue
(Montel) Germany’s new mechanism to ease grid bottlenecks – so-called Redispatch 2.0 – may see spot power prices…
Read moreGas prices correct lower with milder weather
(Montel) European gas prices corrected lower on Friday amid weather conditions returning to normal and CO2 and…
Read moreEUAs likely to consolidate around EUR 50
(Montel) European carbon prices are expected to consolidate around the EUR 50/t mark in the coming week, as…
Read moreNordic power futures fall on milder, wetter outlook
(Montel) Nordic power futures eased on Friday, with the latest weather forecasts showing milder and wetter weather in…
Read moreGerman wind, solar near normal through May – forecasters
(Montel) Germany should see wind and solar output hover near or below normal for the remainder of…
Read moreUK dismisses talk of interconnector review in fishing row
(Montel) A UK energy ministry source dismissed media reports that there would be a review of planned…
Read moreGerman front-week power declines on lower expected demand
(Montel) Germany’s front-week power contract softened on Friday on lower expected demand despite forecasts of tumbling wind…
Read moreChinese coal imports plunge 30% in April
(Montel) Chinese coal imports plunged 30% year on year in April to 21.7m tonnes (0.72m tonnes/day), the…
Read moreOil prices rise on demand optimism despite Asia concerns
(Montel) Crude oil was slightly higher early on Friday on optimism about overall demand despite ongoing concerns…
Read moreEnel to close 2.9 GW of coal-fired plants in 2021
(Montel) Italian utility Enel expects to phase out a total of 2.9 GW of coal-fired plants in Italy…
Read moreEDF submits plan to build six more EPRs in France
(Montel) EDF has submitted to the government its plans to build six new generation European Pressurised Reactors (EPRs)…
Read moreFrench nuclear policy “hinders” European hydrogen market
(Montel) France's support for hydrogen produced using nuclear power is an obstacle to the development of a European…
Read moreCoal hits 2-year high as CO2 climbs to new peak
(Montel) European coal prices rose sharply in Thursday trading to their highest since early 2019 amid bullish…
Read moreNew German climate goal to reduce power prices – Icis
(Montel) A new German goal of cutting emissions 65% by 2030 from 1990 levels should boost renewables capacity,…
Read moreSpain electrolyser projects may lack feasibility – experts
(Montel) Many hydrogen electrolyser projects presented in recent weeks in Spain may not be feasible, energy experts said.…
Read moreTalks on EDF restructure to extend into June – union leader
(Montel) Talks between France and the European Commission on restructuring EDF will likely continue into June, with…
Read moreEnergi Danmark concludes 10-year PPA for Danish solar
(Montel) Trading firm Energi Danmark has signed a 10-year power purchase agreement (PPA) with industrial group Claus Sorensen…
Read morePower costs may hamper scaling of green hydrogen – Rystad
(Montel) High power prices could hamper production of green hydrogen at scale, but costs are likely to plummet…
Read moreGerman front-year power hits fresh 12.5-year high on CO2
(Montel) Germany’s benchmark front-year power contract soared to a fresh near 13-year high on Thursday amid a…
Read moreGas prices soar near 4-month high on maintenance, cold
(Montel) European gas prices rose to their highest since mid-January on Thursday amid the start of the Norwegian…
Read moreGlobal power sector could be 97% renewable by 2050 – Rystad
(Montel) The share of renewables in global electricity supply could rise from 29% currently to 67% in 2030…
Read moreGerman far curve power discount to remain for now – traders
(Montel) German power backwardation should continue in the near term amid growing renewables supplies and a similar…
Read moreNordic power continues rise on strong spot market
(Montel) Nordic power futures extended this week’s gains on Thursday – with the front year hitting a 16-month…
Read moreOil prices firm after big decline in US crude stockpiles
(Montel) Crude oil prices edged higher early on Thursday after official US data in the previous session showed…
Read moreGerman spot power to rise as wind output declines
(Montel) German day-ahead power was on course to rise on Thursday amid expectations of a continued drop…
Read moreStatkraft trading unit's profit drops 26% in Q1
(Montel) The trading arm of Norway’s Statkraft posted an operating profit of NOK 976m (EUR 97.4m) in the…
Read moreEquinor, Vaargronn plan floating offshore wind in Norway
(Montel) Energy groups Equinor and Vaargronn have agreed to jointly apply for offshore acreage in the North Sea…
Read moreUniper hedges 95% of 2023 output at EUR 52/MWh
(Montel) German utility Uniper increased its forward sales of 2023 German power generation by 10 percentage points in…
Read moreOverseas business hikes Uniper’s trading earnings 27% in Q1
(Montel) German utility Uniper’s trading unit posted a 27.1% year-on-year increase in first quarter adjusted earnings before interest…
Read moreSpanish power demand “far from recovering” – Endesa CEO
(Montel) The impact of the coronavirus pandemic was still weighing on Spain’s power demand, despite a recent recovery…
Read moreEquinor buys into 1.6 GW solar power in Poland
(Montel) Norway’s Equinor has acquired Polish solar developer Wento, whose business plan includes 1.6 GW of photovoltaics projects…
Read moreEC may include carbon CFD rules in ETS changes
(Montel) The European Commission may include carbon contracts for difference (CFD) in upcoming changes to the ETS, it…
Read moreNo guarantee of nuclear decision by August – Sweden minister
(Montel) The Swedish government cannot guarantee it will make a decision on a final storage site for spent…
Read moreCarbon rises on strong gas, German climate targets
(Montel) European carbon prices rose on Wednesday, as a tight gas market and higher German climate targets supported…
Read moreNordic spot to fall EUR 5 next week on lower demand – EQ
(Montel) Nordic spot power prices are set to drop by around EUR 4-5 next week due to expectations…
Read moreEC mulls new rules to promote renewable PPAs
(Montel) The European Commission is looking at ways to promote corporate renewable power purchase agreements (PPAs) as part…
Read moreRepsol to continue electrolyser plan without EU funds
(Montel) Repsol plans to continue developing a 100 MW electrolyser in northern Spain despite failing to secure European…
Read moreHigh balancing prices hamper Hungary’s PPA market
(Montel) High grid balancing prices in Hungary are hampering renewable investments and power purchase agreements (PPAs), market sources…
Read moreGerman Cal 22 power hovers above EUR 60 on CO2, climate goal
(Montel) Germany’s front-year power contract continued to hover around EUR 61/MWh on Wednesday in line with strong carbon…
Read moreOrsted’s 2 GW offshore wind to power 1 GW electrolyser
(Montel) Danish energy group Orsted is planning to feed its recently announced 1 GW hydrogen electrolyser with a…
Read moreGroup aims to bring green hydrogen from Ukraine to Europe
(Montel) A group of gas and renewables companies said on Wednesday it aims to build up Ukraine…
Read moreTight gas market triggers gains across the curve
(Montel) European prompt gas contracts were rising on Wednesday on forecasts of cold weather amid tight supplies, while…
Read moreFrench threat to cut supplies to Jersey is bluff – analysts
(Montel) France's threat to cut power supplies to Jersey amid a dispute with the UK over post-Brexit fishing…
Read moreGerman ministers confirm 65% climate goal for 2030
(Montel) Germany’s finance and environment ministers on Wednesday said the government will strengthen country’s 2030 climate goal by…
Read moreNordic Q3 power hits new high despite milder, wetter outlook
(Montel) Nordic power futures continued their rise on Wednesday, with Q3 hitting a fresh contract high, despite forecasts…
Read moreUK to publish free carbon permit allocation table 14 May
(Montel) The UK will publish data on free carbon permit allocations to industrial installations on 14 May and…
Read moreNorway parliament rejects calls to exit Acer
(Montel) A clear majority in the energy and environment committee of the Norwegian Parliament has rejected calls to…
Read moreEUR 11m loss due to lack of hedging options – Modity
(Montel) Swedish portfolio manager Modity, which announced an EUR 11m pre-tax loss for 2020 on Wednesday, has blamed…
Read moreFreight prices reach 11-year high on robust commodity demand
(Montel) The Baltic Dry Index (BDI) – a bellwether for global dry freight rates – has soared…
Read moreVattenfall warns of early reactor closures this decade
(Montel) Vattenfall's remaining nuclear reactors in Sweden may have to close within the next seven years if the…
Read moreBrent crude extends 7-week high on demand recovery hopes
(Montel) Crude oil prices extended the previous session’s gains on Wednesday amid growing optimism about a recovery in…
Read morePoland awards Equinor and Polenergia CFDs for 1.4 GW wind
(Montel) Poland has awarded Equinor and Polenergia’s Baltyk II and III projects contracts for difference under the first…
Read moreGerman grid issues may encourage zone split – consultant
(Montel) Persistent power grid issues and increased climate targets in Germany could keep in play a possible…
Read moreEDP signs 10-year wind PPA with telecoms firm
(Montel) Portuguese utility EDP has signed a 10-year power purchase agreement (PPA) with telecoms operator NOS for the…
Read moreCarbon retreats from record amid resistance
(Montel) European carbon prices fell on Tuesday, as they faced resistance after rising to a fresh record above…
Read moreHigh steel prices major concern for wind industry – lobby
(Montel) Surging prices of steel and other raw materials could affect the development of wind power projects if…
Read moreRussian coal exports rise to multi-year highs
(Montel) Russian coal exports in April rose to their highest in at least a decade amid strong…
Read moreUK renewables share falls to 17-month low in April
(Montel) Biomass, wind and solar accounted for just over a quarter of the UK’s power mix in…
Read moreJune gas retreats from 4-month high as demand to wane
(Montel)The front-month gas contract on the Dutch TTF hub hit a new four-month high earlier but had…
Read moreGerman Cal 22 power reverses after hitting fresh high
(Montel) German power for delivery next year retraced early gains after touching a new contract high, taking a…
Read moreScottish Power targets 550 MW hydrogen capacity by 2025
(Montel) UK utility Scottish Power is bidding to have as much as 550 MW of green hydrogen capacity…
Read moreEEX delays financial gas futures launch until 28 June
(Montel) The German EEX has delayed until 28 June the launch of financial gas futures for the Netherlands,…
Read moreEU coal terminal stocks hit 3.5-month highs
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have grown to 3.5-month highs…
Read moreFrench nuclear output slumps to 6-month low in April
(Montel) France’s nuclear power generation slumped to a six-month low at 27.1 TWh in April, making it…
Read moreNordic power extends gains despite bearish weather outlook
(Montel) Nordic power prices continued their rise on Tuesday after surging around EUR 2 in the prior session…
Read moreDwindling supply, cool weather to buoy UK gas in May
(Montel) UK gas prices will likely draw continued support this month from dwindling inventories, still cold weather…
Read moreEesti Energia’s power output rises 34% in cold Q1
(Montel) Eesti Energia posted a 34% year-on-year rise in power generation in the first quarter, as cold weather…
Read moreGermany’s KGAL to launch 27 MW Polish wind farm in 2022
(Montel) German investment and asset manager KGAL plans to launch a 27 MW Rywald onshore wind farm in…
Read moreCarbon tops EUR 50 on speculator demand
(Montel) EU carbon traded above EUR 50 for the first time early on Tuesday, as speculator demand dominated…
Read moreNordic spot eyes 10-year May high on cold, German coupling
(Montel) Cold weather and increased price coupling to Germany may push average Nordic power spot prices to their…
Read moreEuropean LNG terminals expect 2.9bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 2.9bcm this week, while April deliveries…
Read moreSolar eclipse to hit German photovoltaic output on 10 June
(Montel) A partial solar eclipse on 10 June will hit photovoltaic output and see a rise in…
Read moreGerman spot set to rise 15% on lower wind, higher demand
(Montel) German day-ahead power prices looked set to rise around 15% on Tuesday as forecasts showed falling wind…
Read moreNorway’s power output hits record 45.7 TWh in Q1
(Montel) Power production in Norway hit a record high 45.7 TWh in this year’s first quarter, up 13%…
Read moreOil falls on India woes, rising Opec supply
(Montel) Oil prices were falling on Tuesday as the market remained wary about the potential impact on demand…
Read moreEC’s 55% CO2 cut rules face delay to July – report
(Montel) The European Commission may delay proposing detailed EU rules to achieve a minimum 55% CO2 cut on…
Read moreCarbon poised to breach EUR 50 as investors pour in
(Montel) European carbon prices look set to top EUR 50/t imminently and could climb further as the investment…
Read moreGerman CDU/CSU seeking 65% climate goal in 2030
(Montel) Germany should increase its climate goal for 2030 by 10 percentage points to a carbon reduction of…
Read moreGerman May prices to soften on strong renewables
(Montel) German spot power prices this month could average up to 10% below the closing price of…
Read moreFrance launches tender for 250 MW offshore wind farm
(Montel) France has launched a tender to build a 230-270 MW wind farm off the coast of…
Read moreGerman Cal 22 power touches new high as carbon extends rally
(Montel) Germany’s Cal 22 power price reached a fresh contract high above EUR 61/MWh – the highest…
Read moreTTF gas prices set to remain strong in May
(Montel) TTF gas prices looked set to remain relatively strong in May as market participants focused on…
Read moreSPAIN – Spot power marks 15-week high of EUR 81
(Montel) Spanish power prices for the day-ahead out-turned in Monday’s Omie auction at an average of EUR…
Read moreTTF front month climbs to 4-month high
(Montel) Europe’s Dutch TTF front-month gas contract rose to a four-month high on Monday, supported by strong…
Read moreFirst EU green recovery money could flow mid-2021 – EC
(Montel) First payments from the EU’s EUR 672.5bn pandemic recovery fund could start flowing as early as mid-2021,…
Read moreSpanish gas demand soars 32% in April
(Montel) Spanish gas consumption totalled nearly 31 TWh in April, around 32% higher than in April 2020…
Read moreNordic Cal 22 power rises to 15-month high on strong carbon
(Montel) Nordic power for delivery next year rose to its highest level in 15 months on Monday in…
Read moreGazprom’s April gas auction sales surge to 7.2 TWh
(Montel) Russian energy company Gazprom sold 7.2 TWh (0.7bcm) of natural gas via its electronic sales platform (ESP)…
Read morePGE to launch Turow 7 (496 MW) by 15 May
(Montel) Polish utility PGE plans to start up its 496 MW lignite-fired unit Turow 7 in southwest Poland…
Read moreOil prices soften as market faces Opec-led supply boost
(Montel) Crude oil prices edged lower early on Monday as market participants prepared for a supply increase from…
Read moreGerman spot power eyes EUR 33 drop on 50 GW wind outlook
(Montel) German day-ahead power prices were on track to more than halve amid a storm that could produce…
Read moreCO2 hits new high above EUR 49 amid post-compliance buying
(Montel) Carbon EUAs rose above EUR 49/t for the first time on Friday, as speculative players bought heavily…
Read moreMore carbon gains possible despite compliance end
(Montel) EU carbon prices may consolidate in the coming week as the market calms after the end of…
Read moreCoal hits 2-year highs, carbon tops EUR 49
(Montel) European coal prices have risen to more than two-year highs amid strong related markets, supply disruptions…
Read moreCoal jumps amid South African rail outage
(Montel) Coal prices have jumped as operations on South Africa’s coal rail network, which serves the main…
Read moreGerman Cal 22 power pares gains after breaching EUR 60
(Montel) German power for delivery next year rose to over EUR 60/MWh on Friday for the first time…
Read moreLess than half German onshore wind tender awarded – BNA
(Montel) Germany’s BNA power network regulator awarded less than half of available onshore wind capacity in a…
Read moreGas prices extend highs in “perfect storm”
(Montel) European gas prices extended recent highs on Friday as cold weather, low storage levels and Gazprom’s…
Read moreFrench front-year power touches 2-year high as gas soars
(Montel) French front-year power reached a two-year high on Friday, buoyed mainly by soaring gas prices and…
Read more15-min power trading necessary to reduce grid issues – TSO
(Montel) Dutch-German TSO Tennet has urged countries across Europe to move rapidly from 60 to 15-minute power…
Read moreGermany set for windy, cool May with limited solar output
(Montel) German spot power prices should be capped by healthy wind supply projected throughout May, although solar…
Read moreItalian TSO sells 978 MW of demand response contracts
(Montel) Italian TSO Terna sold just over 978 MW of electricity demand response contracts this week, for 1…
Read moreItaly’s Eni posts 5% rise in Q1 gas sales, LNG falls 12%
(Montel) Eni posted a 5% year-on-year increase in its global natural gas sales in Q1, while its LNG…
Read moreLimited output impact from EUR 400m cable issue – Orsted
(Montel) Major cable problems to 10 offshore wind farms could cost Orsted EUR 400m and have implication for…
Read moreNorthwest Europe faces cool May, warm June, July – forecast
(Montel) Temperatures across northwest Europe should turn lower than the norm in May but could warm to above-normal…
Read moreGerman front-week power gains despite bearish wind outlook
(Montel) Germany’s front-week power contract edged up on Friday despite forecasts pointing to a bearish week with…
Read moreGerman wind, solar capacity grows 737 MW in March
(Montel) Germany added 188 MW of onshore wind capacity in March, while solar capacity grew by 549 MW,…
Read moreOil prices fall amid renewed coronavirus concerns
(Montel) Oil prices were falling on Friday – breaking a three-day uptrend – amid renewed concerns about the…
Read moreSupply concerns support gas contracts
(Montel) European prompt gas contracts were rising on Thursday, as dwindling storage stocks and a potential squeeze on…
Read moreTexas price spikes make Nordic PPA sellers more risk averse
(Montel) This winter's power price spikes amid a cold snap in Texas have had a knock-on effect in…
Read moreRepsol to connect 0.5 GW Spanish green capacity this year
(Montel) Spanish energy firm Repsol is set to connect 517 MW of new green capacity to the domestic…
Read moreEuropean EV power demand could hit 60 TWh by 2025 – IEA
(Montel) Power demand from electric vehicles could reach 60 TWh in Europe by 2025, the International Energy Agency…
Read moreMay gas contracts hit fresh 3-month highs on storage fears
(Montel) European front-month gas contracts hit fresh three-month highs on Thursday, lifted by depleted storage levels, and…
Read moreBelgium nuclear lifetime extensions needed – former official
(Montel) The lifespans of two nuclear reactors should be extended to avoid too many expensive gas plants…
Read moreUkraine appoints new energy minister
(Montel) Ukraine has appointed Herman Galushchenko, formerly vice-president of state-owned nuclear power-plant operator Energoatom, as the country’s…
Read moreEC approves German green reform to meet climate goals
(Montel) The European Commission has cleared Germany’s plan to increase the country’s share of renewables capacity by 2030…
Read moreNordic front power gains despite bearish weather forecasts
(Montel) Nordic power contracts near delivery traded slightly higher on Thursday despite wetter and milder weather forecasts.…
Read moreChina buoys Asia-Pacific coal prices despite India crisis
(Montel) Pacific basin coal prices remain well supported amid healthy Chinese demand, despite signs of ailing demand…
Read moreGazprom posts doubling of 2020 LNG sales
(Montel) Russian gas giant Gazprom saw a year-on-year doubling of LNG sales in 2020 to 7.4m tonnes, as…
Read moreRWE signs 10-year 170 GWh PPA with VW, Luxcara
(Montel) RWE’s trading arm has concluded a 10-year power purchase agreement (PPA) to supply carmaker Volkswagen with…
Read moreTotal’s LNG sales rise 1% but output falls 6% in Q1
(Montel) French energy company Total’s LNG sales rose 1% year on year in the first quarter, while…
Read moreItaly plans new capacity auctions by year end – official
(Montel) Italy expects to ready the regulatory framework for new capacity market auctions by the end of summer…
Read moreShell Q1 LNG sales drop 17%
(Montel) Royal Dutch Shell’s LNG sales fell 17% year on year to 15.8m tonnes (21.5bcm) in the…
Read moreOrsted’s offshore wind output drops 2% in Q1
(Montel) Power output from Orsted’s flagship offshore wind unit fell 2% year on year to 4.5 TWh in…
Read moreVattenfall posts 13% jump in Q1 trading earnings
(Montel) Vattenfall posted a 13% year-on-year increase in first-quarter operating profit from trading operations to SEK 2bn (EUR…
Read moreVattenfall hedges 56% of 2022 Nordic output at EUR 28/MWh
(Montel) Vattenfall had sold 56% of its Nordic power production for 2022 at an average price of EUR…
Read moreGERMAN – Spot to rise 15% as wind output plunges
(Montel) German day-ahead power looked set to jump around 15% on Thursday amid expectations of a sharp…
Read moreEquinor Q1 profit hits 7-year high, power output falls
(Montel) Norwegian oil and gas major Equinor has posted the “best quarterly results since 2014” on stronger oil…
Read moreAustria’s OMV raises its 2021 oil, gas price outlook
(Montel) Austrian oil and gas company OMV expects Brent crude oil prices to average between USD 60-65/bbl and…
Read moreOil prices edge higher amid hopes of rising demand
(Montel) Crude oil prices rose early on Thursday amid signs that demand in the US – the world’s…
Read moreGeneva, Luxembourg renew calls for French reactor closures
(Montel) Geneva, Luxembourg and two German states this week intensified legal battles and campaigns to have two ageing…
Read moreCO2 soars on bullish sentiment
(Montel) European carbon prices hit a fresh record high earlier on Wednesday in response to burgeoning post-coronavirus…
Read moreVolume coupling EU, UK markets brings new risks – study
(Montel) Post-Brexit options to volume couple EU and UK day-ahead power markets bring risks of lower market confidence,…
Read moreRussian coal exports to Asia from western ports decline 16%
(Montel) A sharp jump in Russian coal exports from Black Sea ports to Asia, notably China, failed…
Read moreGerman front-year power remains "glued to" record CO2
(Montel) German front-year power remained “glued to” carbon on Wednesday, which hit a record high earlier, said…
Read moreMay gas reaches 3-month high on supply concerns
(Montel) European front-month gas contracts hit three-month highs on Wednesday amid ongoing supply concerns as Russia’s Gazprom failed…
Read moreArctic LNG 2 partners agree on sharing 19.8mt output
(Montel) Partners of the Arctic LNG 2 project under construction in Russia have concluded 20-year sales and…
Read morePolish Cal 22 power sets new high as carbon extends rally
(Montel) Poland’s front-year power contract hit a fresh high on Wednesday, propelled by rising carbon and coal prices,…
Read moreGermany asks EU for EUR 3.3bn to boost green hydrogen
(Montel) Germany has asked the EU for EUR 3.3bn to boost its generation, transport and use of green…
Read moreRussia, Colombia coal supply to Turkey slows
(Montel) Russian and Colombian coal exports to Turkey slowed in the first two months of the year…
Read moreNordic power drifts sideways on mixed signals
(Montel) Nordic power futures eased on Wednesday with the latest weather forecasts showing higher wind supply than normal…
Read moreRWE boosts fossil-fired power generation by 34% in Q1
(Montel) German utility RWE boosted its power generation from gas, lignite and hard coal-fired units by 34% on…
Read moreCO2 hits new high above EUR 48 amid strong gas, sentiment
(Montel) European carbon prices rose above EUR 48/t for the first time early on Wednesday amid strong gas…
Read moreOil rises after Opec+ confirms supply boost from May
(Montel) Crude oil prices rose early on Wednesday after Opec and its Russia-led partners confirmed late in the…
Read moreGerman spot power to fall 6% as wind output rises
(Montel) German day-ahead power prices looked set to decline 6% on Wednesday, pulled down by forecasts showing…
Read moreUse of CFD to add 6.8 GW of UK green capacity – research
(Montel) The UK will add 6.8 GW of installed renewables capacity under the government’s contracts for difference scheme…
Read moreFrance plans 19 May review of EDF restructuring draft
(Montel) The French government plans to examine a draft EDF restructuring law at a 19 May cabinet…
Read moreCheap gas, more solar to curb Spanish Q3 power – analysts
(Montel) Spanish power prices could be dampened in the third quarter by cheaper gas prices and more abundant…
Read moreDry freight rates “absolutely flying” near 11-year high
(Montel) The global dry freight marker – the Baltic Dry Index (BDI) – is “absolutely flying”, having…
Read moreWide spreads in Swedish spot prices may last into 2022
(Montel) Differences in Sweden's regional spot power prices are set to continue into next year amid concerns that…
Read moreGerman near curve power jumps EUR 1 on gas rally
(Montel) German power curve contracts recovered from an early morning dip on Tuesday, rising as much as EUR…
Read moreSix consortiums vie to build 1 GW French offshore wind farm
(Montel) France has selected six consortiums – comprising major energy firms such as EDF, Total, Iberdrola and Shell…
Read moreCarbon may reach EUR 130 by 2030 under climate plan – study
(Montel) European carbon prices could rise to EUR 130/t by 2030 under the new EU 55% emissions-cut…
Read moreCO2 border tax pilot needs unlimited virtual EUAs – study
(Montel) The EU should oblige importers to buy virtual EU ETS allowances from an unlimited pool as part…
Read moreVerbund, Visiolar plan 1.4 GW subsidy-free solar in Germany
(Montel) Austrian utility Verbund has teamed up with German project developer Visiolar to build 1.4 GW of solar…
Read moreSpanish LNG imports to rise 15% in May – TSO
(Montel) Spain’s LNG imports could rise 15% to 23.2 TWh (2bcm) in May compared with last year, when…
Read moreFront-month gas prices rise as cool weather persists
(Montel) European gas front-month contracts rose on Tuesday amid forecasts for colder-than-usual temperatures coupled with relatively strong…
Read moreRP Global plans 300 MW solar plant in Spain
(Montel) Austrian company RP Global plans to build a 300 MW solar plant in Spain by the end…
Read moreAsia absorbs surplus Atlantic basin coal
(Montel) A high price premium for Pacific-basin coal versus the Atlantic market has encouraged heightened arbitrage shipments…
Read moreNordic front power drops on wetter weather, sliding carbon
(Montel) Nordic front power futures traded sharply down on Tuesday amid a milder, wetter, and windier weather outlook…
Read moreItalian green hub (770 MW) developer eyes 2026 start
(Montel) A proposed Italian green energy hub in the Adriatic Sea with a capacity of about 770 MW…
Read moreBP’s renewables capacity rises 45% in Q1
(Montel) UK oil and gas major BP on Tuesday reported a 45% increase in installed renewables capacity…
Read moreGerman spot power set to rise 3% on lower wind, solar output
(Montel) German day-ahead power prices looked set to rise by around EUR 1-2 on Tuesday as forecasts showed…
Read moreOil rises as Opec revises up demand estimate for year
(Montel) Oil was rising on Tuesday as producers’ group Opec raised its demand forecast for the year, despite…
Read moreWeaker auction curbs record high CO2
(Montel) European carbon prices touched new record highs in Monday trading amid lingering compliance buying activity and…
Read moreStrong LNG supplies help keep EU gas prices aligned – Acer
(Montel) Record high LNG supplies helped to keep day-ahead gas prices across Europe closely aligned to those on…
Read moreGerman front-year power firms on record CO2, strong gas
(Montel) German front-year power inched up on Monday amid record high carbon and strong gas prices but…
Read moreSpanish spot power to trade sideways, forwards recover
(Montel) Spanish power spot prices could trade sideways this week amid lower wind supply and muted demand,…
Read moreGiant Baltic wind farm will need subsidies – Orsted
(Montel Plans for a 1-2 GW wind farm off the coasts of Estonia and Latvia will cost billions…
Read moreFrench solar output to hit record high in June – EQ
(Montel) France’s average daily solar output should hit record levels this summer as new capacity comes on line,…
Read moreBelgium will be first to create “energy island” – minister
(Montel) Belgium is on course to become the first country to create a so-called energy island in…
Read moreMay gas rises amid low storage levels, cold
(Montel) The European benchmark front-month gas contract rose on Monday, as cold weather draws gas in storage…
Read moreNordic May power hits fresh high on cold, dry outlook
(Montel) The Nordic May power contract hit a record high of EUR 36.60/MWh on Monday as the weather…
Read moreEuropean LNG terminals expect 2.5bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 2.5bcm this week, potentially bringing imports…
Read moreItaly’s EUR 24bn green plan includes 2 GW “agri-voltaics”
(Montel) Italy will spend EUR 24bn on its green transition to 2026, which will include the building…
Read moreDevelopers use PPAs to tackle negative pricing in Ireland
(Montel) Investor appetite for power purchase agreements (PPAs) is gathering pace in Ireland as existing subsidies expire and…
Read moreEquinor extends Hammerfest LNG outage until March 2022
(Montel) Norwegian oil and gas major Equinor has extended an outage at its Hammerfest LNG plant at…
Read moreTotal declares force majeure for Mozambique LNG plant
(Montel) French energy company Total has declared force majeure for its Mozambique LNG project due to lack…
Read moreFrance sells 2.4 TWh of GOs at EUR 0.33/MWh
(Montel) French guarantees of origin (GO) on renewable power produced in January jumped 85% to an average…
Read moreOrsted and Eesti to build 1-2 GW Baltic offshore wind
(Montel) Denmark’s Orsted has teamed up Estonia’s Enefit, a subsidiary of state-owned Eesti Energia, to build a large…
Read moreGerman spot power set to fall on higher wind output
(Montel) German day-ahead power prices were on track to drop around EUR 1 as wind output looked…
Read moreOil prices fall on demand concerns as India virus cases soar
(Montel) Crude oil was lower early on Monday on concerns about demand amid a growing number of…
Read moreGas prices correct lower, shed more than EUR 1
(Montel) European gas contracts continued to correct down in afternoon trading on Friday and shed more than EUR…
Read moreItaly must reform before joining intraday market – Efet
(Montel) Italy must make changes to its intraday power market rules to prevent a fall in liquidity across…
Read moreEU taxonomy threatens biomethane use in transport – lobby
(Montel) A new EU taxonomy on renewable gases would jeopardise the use of biomethane in the transport sector,…
Read moreEngie hedges 90% of 2021 power generation at EUR 46/MWh
(Montel) French utility Engie had hedged 90% of its expected 2021 nuclear and hydropower production in Belgium…
Read moreGerman Cal 22 power falls on lower carbon, gas
(Montel) After nearing a 10-year high on Thursday, Germany’s benchmark front-year power contract was lower on Friday amid…
Read moreUniper, EWE jointly plan green hydrogen facilities
(Montel) German utilities Uniper and EWE aim to jointly develop green hydrogen facilities in northern Germany with a…
Read moreGreencells to develop 14 solar plants (350 MW) in Italy
(Montel) Germany’s Greencells group holding has entered a 50-50 joint venture with Italian developer Renewable Consulting to develop…
Read moreGas prices fall after “overextended rally”
(Montel) European gas prices fell on Friday in what traders saw as a correction after an “overextended…
Read moreEUAs may see bullish trend resume next week
(Montel) Carbon prices are likely to remain strong or even make further gains to fresh highs next week,…
Read moreNordic front-week power jumps on delayed spring thaw
(Montel) The Nordic front-week power contract jumped nearly 4% on Friday amid chilly weather delaying the spring thaw,…
Read moreStatkraft to build its first wind farm in Germany
(Montel) Norwegian power producer Statkraft will build its first onshore wind farm of 36 MW in Germany by…
Read moreGermany set for cool weather, low wind output into May
(Montel) Germany looked set for relatively cool weather and low wind power output in the next fortnight, followed…
Read moreGerman spot power to rise next week on subdued wind output
(Montel) Germany’s front-week power contract edged up on Friday amid continued low wind output and cooler weather…
Read moreGermany has 3rd lowest green potential relative to demand
(Montel) Germany has the world's third lowest solar and wind potential relative to its energy demand, think tank…
Read moreCarbon border tax may mirror ETS – EC
(Montel) The European Commission is working on a carbon border adjustment mechanism (CBAM) based on a separate pool…
Read moreOil prices rise on demand optimism amid easing lockdowns
(Montel) Crude oil was higher early on Friday on optimism about oil demand amid easing European lockdowns,…
Read moreCFDs to top PPAs in Scottish wind development – experts
(Montel) Contracts for difference (CFD) are expected to dominate future roll-outs of Scottish offshore wind assets despite the…
Read moreFrench industry faces 30% hike in power prices – lobby
(Montel) French industry may end up paying 30% more for its power as part of nuclear industry…
Read moreCoal jumps on heightened demand
(Montel) European coal prices surged more than USD 1 across the curve on Thursday, as heightened generation…
Read morePower demand estimates too low for EU 55% CO2 cut – Icis
(Montel) Power demand estimates are “far too low” for a new EU target to cut CO2 by at…
Read moreGermany raises 2022 green tender capacity by 5 GW
(Montel) Germany will raise green capacity tenders in next year’s auctions by 1.1 GW to a total…
Read moreItaly to invest EUR 18.2bn of EU funds in green sector
(Montel) The Italian government is planning to invest about EUR 18.2bn from the EU funds into renewable, hydrogen…
Read moreSwedish regulator to decide on FTRs before summer
(Montel) Sweden’s energy markets inspectorate will decide before summer on whether to introduce financial transmission rights (FTRs) on…
Read moreNorway power market struggles with wide price spreads
(Montel) Power flowing against the price signal between two Norwegian bidding zones has exacerbated historically wide price differences,…
Read moreUK to boost subsidy for floating offshore wind – minister
(Montel) The UK will offer enhanced support for floating offshore wind assets operating under contracts for difference should…
Read moreETS needs tightening to achieve climate goals – MEP
(Montel) This week’s agreement on an EU climate law and a 55% emissions reduction target by 2030 would…
Read moreGerman Cal 22 power hits 10-yr high as CO2 tops EUR 47
(Montel) German front-year power hit a near 10-year high of EUR 59/MWh on Thursday as carbon topped EUR…
Read moreFrench Cal 22 power hits 2-year high on record CO2
(Montel) The French front-year power contract has surged to a two-year high on Thursday in line with…
Read moreEUAs hit new record above EUR 47 amid "strong momentum"
(Montel) European carbon rose to a new record high above EUR 47/t at midday on Thursday amid “strong…
Read moreGas prices near 3-month highs amid low storage levels
(Montel) European gas prices rose on the back of low storage levels and high withdrawals on Thursday,…
Read moreCoal logistics unaffected by mounting Russia-Ukraine tension
(Montel) Mounting tensions between Russia and Ukraine have not affected regional coal and biomass logistics operations, as…
Read moreNordic May, Q1 power rises over EUR 1 on drier outlook
(Montel) Nordic power futures rose across the board on Thursday, recovering most of the losses seen in the…
Read moreChina demand underpins Asia-Pacific coal prices
(Montel) Asia-Pacific coal prices remain supported by growing requirements in China, where surging domestic prices have spurred…
Read moreEnel embraces “agri-voltaics” to boost solar growth
(Montel) Italian utility Enel is developing “agri-voltaic” projects across Europe in an effort to boost its solar capacity,…
Read moreUK battery storage fund buys 30 MW unit for GBP 15.6m
(Montel) Gresham House Energy Storage Fund has acquired the 30 MW Byers Brae utility-scale battery storage project in…
Read moreAnglo American coal output drops 20% in Q1
(Montel) Anglo American’s export thermal coal production dropped more than 20% year on year in the first…
Read moreGerman spot power to rise 30% as wind output plunges
(Montel) German day-ahead power looked set to jump 30% on Thursday amid expectations of a sharp decline…
Read moreOil continues slide on demand concerns, rising US stockpiles
(Montel) Crude oil prices extended this week’s losses in early trading on Thursday amid lingering concerns about demand…
Read moreEngie to expand Italy green capacity to 1.2 GW by 2025
(Montel) French utility Engie is planning to increase its renewable production capacity in Italy to 1.2 GW by…
Read moreBelgian balancing price hits record EUR 3,200 on outage
(Montel) Belgian balancing prices hit a record high EUR 3,200/MWh on Wednesday following the unplanned outage of…
Read moreCO2 hits record high near EUR 46
(Montel) European carbon allowances rose to a record high on Wednesday in response to the EU provisionally…
Read moreEC unveils hydropower green criteria, delays gas, nuclear
(Montel) The European Commission has set out the criteria for what makes hydropower a sustainable activity in a…
Read moreFrench power consumption nears pre-pandemic levels – EQ
(Montel) French power consumption has almost returned to pre-pandemic levels this month, continuing a recovery begun in…
Read moreFrance close to abandoning EDF restructure – union
(Montel) France is close to abandoning the planned restructuring of state-owned utility EDF, amid “difficult” negotiations with the…
Read moreGerman Cal 22 power gains but misses new high despite CO2
(Montel) The German power front year price increased along with a higher CO2 price on Wednesday but…
Read moreItaly to finalise simpler rules for green energy in weeks
(Montel) Italy’s ecological transition ministry expects to finalise in coming weeks a decree that will streamline the authorisation…
Read moreTransmission costs hinder Scottish wind sector – experts
(Montel) Scotland must resolve a “massive issue of high and volatile” network transmission costs or risk stunting the…
Read moreInsufficient hedging opportunities in Nordics – traders
(Montel) Many companies active in the Nordic power market find hedging opportunities insufficient, according to a survey conducted…
Read moreNew EU climate deal equates to 57% CO2 cut by 2030 – MEPs
(Montel) The EU’s provisional accord to cut its emissions by at least 55% from 1990 levels by 2030…
Read moreFocusEconomics hikes 2021 forecast 16% for Pacific coal
(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average benchmark Australian coal prices this…
Read moreAnalysts revise down 2021 US gas price outlook by 3%
(Montel) Economic analysis firm FocusEconomics has revised down its forecast for average US benchmark Henry Hub gas…
Read moreNordic spot power set to slide on rising wind generation
(Montel) Increased wind power generation was set to curb Nordic day-ahead power, despite colder weather forecasts on Wednesday…
Read moreBHP cuts coal production outlook 3m tonnes on flooding
(Montel) Anglo-Australian mining firm BHP has revised down its thermal coal production outlook for the 2020-21 financial…
Read moreEU reaches informal accord on 55% CO2 cut by 2030
(Montel) EU negotiators have provisionally agreed a new target to cut CO2 by at least 55% from 1990…
Read moreGazprom’s April gas auction sales surpass 4 TWh
(Montel) Russian energy company Gazprom has sold 4.17 TWh (0.4bcm) of natural gas to European customers in April…
Read morePaper mill closures to remove 1.9 TWh of demand – Stora Enso
(Montel) The closure of two paper mills in Sweden and Finland later this year will remove roughly 1.9…
Read moreUK’s Drax hedges 15 TWh of 2021 output at GBP 49.20
(Montel) UK independent power generator Drax has sold 15 TWh of its 2021 output at an average…
Read morePGNiG's gas imports from Russia rise 18% in Q1
(Montel) Polish gas monopoly PGNiG imported 2.3bcm of natural gas from Russia in the first quarter, an 18%…
Read moreOil prices weaken amid Asian demand concerns
(Montel) Crude oil prices slipped in early trading on Wednesday amid concerns that a resurgence in Covid-19 cases…
Read moreCarbon retreats from fresh high
(Montel) European carbon prices slipped back from a new record high of EUR 45.19/t on Tuesday, but remain…
Read moreEU carbon rises above EUR 45 amid compliance buying
(Montel) EU carbon prices rose above EUR 45/t on Tuesday afternoon amid continued compliance buying and robust bullish…
Read moreCorporates focus more on PPA sustainability – experts
(Montel) Environmental, social, and governance (ESG) criteria are becoming increasingly important to companies signing corporate power purchase agreements…
Read moreSouthern Norway spot prices set to drop – Volue
(Montel) This spring's unusually high spot prices in hydropower-dominated southern Norway will likely fall sharply once the spring…
Read moreGerman PPA demand to outstrip supply by 2030 – analyst
(Montel) Demand for power purchase agreements (PPAs) is expected to exceed Germany’s renewable supply potential by 5…
Read morePoland plans to cut distance rule for wind farms this summer
(Montel) Poland plans to pass a law by July to allow wind farms to be built up to…
Read moreBaltic Dry Index surges to 19-month high
(Montel) The Baltic Dry Index (BDI) – a bellwether for global dry freight rates – has surged…
Read moreGerman front-year power gains on strong CO2
(Montel) The German front-year power contract was rising on Tuesday as carbon continued to trade at elevated…
Read morePotential for hydrogen on 10% of Europe gas grid – Enagas
(Montel) Europe's gas network could potentially transport green hydrogen on up to 10% of its capacity blended into…
Read moreLuxcara signs Swedish PPA with Amazon
(Montel) Multinational technology firm Amazon has signed a long-term power purchase agreement with Luxcara covering a "significant share"…
Read moreTTF May gas moves sideways on milder weather
(Montel) Europe’s front-month gas benchmark moved broadly sideways on Tuesday amid expected relatively warmer weather and lingering…
Read moreETS cap, LRF reform needed sooner than 2026 – study
(Montel) EU legislators should tighten the cap on emissions under the EU ETS and combine it with an…
Read moreEuropean paper market oversupplied – Stora Enso
(Montel) The European market for paper production is severely oversupplied and more closures are needed to balance the…
Read moreAcer seeks views on EU capacity allocation code overhaul
(Montel) EU regulatory agency Acer is seeking views on multiple changes to the bloc’s power capacity and congestion…
Read moreRussian coal output jumps 10% in Q1
(Montel) Russian coal production jumped more than 10% in the first quarter to 108m tonnes, as improved…
Read moreNordic power rises on cold but faces technical resistance
(Montel) Nordic power prices rose slightly on Tuesday as weather forecasts remained cold, though technical resistance limited the…
Read moreOctopus plans to build 24 MW French wind farm by 2022
(Montel) Octopus Renewables is planning to build a 24 MW onshore wind farm – Cerisou – in France…
Read moreGerman spot power set to fall 21% on higher wind output
(Montel) German day-ahead power prices looked set to fall by around EUR 16 on Tuesday as forecasts showed…
Read moreOil prices rise on US demand optimism, weaker dollar
(Montel) Oil prices were rising on Tuesday amid improving demand optimism in the US and a weaker dollar.…
Read moreCO2 emissions set for 2nd largest increase on record – IEA
(Montel) Global carbon emissions are set for the second largest increase on record in 2021, reversing most of…
Read moreUK set to announce steeper emissions cut target
(Montel) The UK is set to announce a steeper emissions cut target for 2035 this week, according to…
Read moreSpain unveils draft for auction-based capacity mechanism
(Montel) The Spanish government unveiled a draft regulation for an auction based capacity mechanism on Monday, which envisaged…
Read moreCO2 hits new high but fails to break EUR 45/t
(Montel) European carbon prices rose to a record high on Monday but were unable to break through the…
Read moreDrax, Equinor, Shell deny “greenwashing” in wake of report
(Montel) Leading energy firms Drax, Equinor and Shell have denied making misleading claims regarding their green credentials in…
Read moreFrench week-ahead power rises 6% on cooler outlook
(Montel) French week-ahead power prices surged nearly 6% on Monday due to a cooler weather outlook and…
Read moreGerman Cal 22 power extends gains on bullish gas, spot
(Montel) German front-year power firmed on Monday lifted by gains on European gas forwards and strength on…
Read moreGas prices rise on LNG supply concerns
(Montel) European gas prices rose on Monday on supply concerns, as strong LNG prices in Asia opened up…
Read morePolish coal plant plan may breach state aid-rules – analysts
(Montel) A plan by the Polish government to absorb the coal-fired assets of the country’s state-owned utilities could…
Read moreItalian power demand jumps to pre-Covid levels in March
(Montel) Power demand in Italy jumped nearly 12% year on year to about 26.7 TWh in March, increasing…
Read moreAuction rule may hinder German offshore competition – expert
(Montel) A non-competitive auction design feature may result in higher bids in Germany’s latest offshore wind tender,…
Read moreNordic May power hits fresh high on colder outlook
(Montel) Nordic power futures rose on Monday, with the May contract hitting a fresh high of EUR 35.85/MWh…
Read moreItaly court ruling set to boost green goals – experts
(Montel) An Italian court ruling last week in favour of the construction of a ground-mounted photovoltaic plant on…
Read moreOil prices fall slightly despite demand optimism
(Montel) Crude oil was slightly lower early on Monday amid a stronger dollar despite optimism about growing…
Read moreGerman spot power to extend 2-month high amid low wind
(Montel) German day-ahead power prices were on track to edge up amid low wind output.…
Read moreCO2 hits all-time high near EUR 45/t
(Montel) European carbon allowances rose to record highs on Friday afternoon in response to cold weather forecasts…
Read moreEuropean gas prices hit 2-month high
(Montel) European gas prices rose amid cold temperatures, storage injection demand and higher carbon and LNG on…
Read moreCO2 to trade range-bound ahead of compliance deadline
(Montel) European carbon prices – which hit a fresh high this morning – are likely to continue to…
Read moreFrench front-week power jumps EUR 3.50 on low wind
(Montel) France’s front-week power contract surged EUR 3.50 on Friday amid a low wind generation outlook.…
Read moreNordic front power rises on drier, cooler weather forecasts
(Montel) Nordic front futures traded higher on Friday amid a drier and colder weather outlook than normal and…
Read moreOrsted buys wind power producer Brookfield for EUR 0.5bn
(Montel) Danish utility Orsted has acquired Irish wind power developer Brookfield Renewable in a EUR 571m deal, which…
Read morePoland's gas usage to surge 80% by 2030 – TSO
(Montel) Poland’s natural gas usage will surge 80% on current levels to 34.3bcm/year by the turn of the…
Read moreN Europe set for cool, wet summer – forecaster
(Montel) Northern and western Europe will likely see cool, wet and windy conditions this summer, with southeastern parts…
Read moreEU ETS requires “significant” reform – study
(Montel) Nearly two-thirds of respondents to a recent survey said that the EU ETS requires significant changes in…
Read moreCool weather to persist in Germany next week – Ubimet
(Montel) Germany was set to see low wind output with limited solar at the start of next…
Read moreOil prices continue rise on improving demand picture
(Montel) Oil prices continued this week’s upward trajectory on Friday amid a significantly improving demand picture on signs…
Read moreCO2 continues to hover near record high
(Montel) European carbon prices rose on Thursday, hovering near recent record highs as compliance buying continued to buoy…
Read morePoor grid infrastructure may delay Belgian wind plan – lobby
(Montel) A lack of available onshore grid infrastructure could hinder Belgium’s plan to double offshore wind capacity…
Read moreStatkraft, Keva sign 10-year PPA for Finnish wind power
(Montel) Finnish pension fund Keva has signed a 10-year power purchase agreement (PPA) with Norway’s Statkraft for supplies…
Read moreSpain surpasses 20% green target in 2020 – official
(Montel) Spain surpassed its goal of meeting 20% of its final energy consumption from renewables in 2020, a…
Read more40 industry groups urge UK, EU to link CO2 markets
(Montel) A group of more than 40 business and industry associations has written to the European Commission and…
Read moreEU could confirm 2030 CO2 cut target next Tuesday
(Montel) EU negotiators hope to finalise a stricter 2030 CO2 cut target at a sixth meeting next Tuesday…
Read moreFront-month gas hits year high on bullish CO2
(Montel) European front-month gas contracts hit a year high in Thursday trading amid bullish carbon prices. …
Read moreNorway's Lyse cuts planned outage amid supply squeeze
(Montel) Norwegian utility Lyse has cancelled planned maintenance at one of its hydropower plants next week due to…
Read moreNordic front-month power jumps to fresh high on dry outlook
Nordic power futures rose across the board on Thursday, with the May contract hitting a fresh high,…
Read moreGerman spot power set to drop 7% on rise in wind output
(Montel) German day-ahead power looked set to drop 6.7% on Thursday as forecasts showed a rise in…
Read moreOil prices rise amid forecasts of demand recovery
(Montel) Oil prices rose a touch on Thursday amid a drop in US stocks and forecasts of a…
Read moreSeven European countries agree to cut fossil fuel subsidies
(Montel) France, the UK, Germany and four other European countries will stop subsidising fossil fuel projects elsewhere in…
Read moreSupply concerns bolster gas contracts
(Montel) European gas contracts rose on Wednesday as supply concerns lifted prompt contracts.…
Read moreCoolest April since 1997 drives German gas use to 5-yr high
(Montel) Germany’s coolest April since 1997 has driven gas demand in Europe’s biggest energy market to the highest…
Read moreNear curve gas rises as cool weather to persist
(Montel) European front-month gas contracts rose on Wednesday amid renewed expectations of cool weather.…
Read moreUniper hydrogen hub to “meet 10% German demand by 2030”
(Montel) German utility Uniper plans to build a 410 MW hydrogen electrolyser and an additional import terminal, with…
Read moreDanske expands use of algorithms for power trades – CEO
(Montel) Danish trading firm Danske Commodities has expanded algorithmic trading to account for half of its power…
Read moreNordic power curve drifts sideways amid wetter weather
(Montel) Nordic power futures traded sideways on Wednesday as wetter weather forecasts were countered by strong spot prices.…
Read moreOil prices gain on Opec demand outlook, US supply drop
(Montel) Crude oil was higher early on Wednesday, as Opec raised its oil-demand forecast for this year and…
Read moreWeak German renewables output to support spot power
(Montel) German day-ahead power prices were on course to stay at 2-month highs of around EUR 70.50/MWh…
Read moreFrench hydro balance set to hit 3-year low in May – EQ
(Montel) France’s hydrological balance is set to drop to -3.66 TWh next month, the lowest level since November…
Read moreCarbon hits new high on technicals, compliance
(Montel) European carbon prices hit an all-time high for the second consecutive day on Tuesday at EUR…
Read moreEurope hydrogen pipeline to hit 40,000km by 2040 – TSOs
(Montel) A pan-European hydrogen pipeline infrastructure is expected to grow to nearly 40,000km across 21 countries by 2040,…
Read moreNuclear outages to exacerbate Swedish spot price differences
(Montel) The annual maintenance season for Nordic nuclear reactors will start later this month and is set to…
Read moreGerman near-term power falls on unchanged weather outlook
(Montel) German near-term power prices fell amid unchanged forecasts for cool weather over the coming week, while…
Read moreTTF day-ahead gas contract falls in correction
(Montel) The TTF day-ahead gas contract corrected downward on Tuesday after reaching a two-month high a day…
Read moreItaly needs “cultural change” to meet green goals – lobby
(Montel) Italy needs to undergo a “cultural change” to meet its renewables targets by the turn of the…
Read moreAcer mulls single gate closure for cross zonal balancing
(Montel) EU regulatory agency Acer wants to fix day ahead as the timeframe for regional market-based cross zonal…
Read moreNew cables behind price jump in southern Norway – analysts
(Montel) The launch of new interconnectors to Germany and the UK helped cause a recent rise in spot…
Read moreGerman spot power set to jump EUR 12 on low wind
(Montel) German day-ahead power prices looked set to gain around EUR 12 on Tuesday as forecasts showed wind…
Read moreOil prices rise as demand picks up in India, US
(Montel) Oil prices were rising on Tuesday amid signs demand was picking up in key markets like India…
Read moreCO2 hits new high on compliance buying, cold
(Montel) European carbon prices hit a new record high on Monday as emitters were buying certificates before the…
Read moreEC seeks projects to meet 6 GW electrolyser goal by 2024
(Montel) The European Commission is inviting European Clean Hydrogen Alliance members to submit renewable green hydrogen projects as…
Read moreCoal prices firm on cold, Asian support
(Montel) European coal prices were set to see further gains this week amid support from cold weather,…
Read moreGas prices rise on cold weather, lower pipeline flows
(Montel) European gas rose on Monday amid cold weather and falling inventories, with spot prices buoyed by…
Read moreSpain gas to recover, average EUR 16 this summer – traders
(Montel) A recovery on the Spanish gas market is likely to continue, with prices to average EUR 16/MWh…
Read moreFrench power jumps on cold, low nuclear output
(Montel) The French day-ahead power contract hit the highest price in more than two years on Monday…
Read moreWind, solar drive record negative price hours in 2020 – EC
(Montel) Increasing wind and solar photovoltaic output coupled with lockdown demand shocks made 2020 a record year for…
Read moreNordic Q3 power hits fresh high on dry outlook
(Montel) Nordic Q3 power hit a fresh contract high of EUR 31.60/MWh earlier on Monday amid persistent dry…
Read moreGerman spot power to drop 5% as wind picks up
(Montel) German day-ahead power prices were on track to drop over EUR 3 on Monday amid an expected…
Read moreOil prices fall on continuing demand concerns due to virus
(Montel) Crude oil was lower early on Monday, as concerns remained about the impact on oil demand…
Read moreGas trades flat but injections to lend support
(Montel) European gas prices were trading range-bound on Friday, though the need for storage injections combined with planned…
Read moreFrench power jumps EUR 2 on cold, low nuclear output
(Montel) France’s front-week power contract rose by EUR 2.20 (3.8%) at a broker on Friday amid cold…
Read moreTrafigura sets up carbon desk for EU, US and other markets
(Montel) Commodity trader Trafigura has set up a carbon desk to trade in regulated CO2 markets in Europe…
Read moreGermany to stay cool for another two weeks – forecasters
(Montel) Temperatures in the EU’s biggest energy consumer are set to stay cool over the next two weeks…
Read moreNordic Q3 power jumps to record high on cold, dry outlook
(Montel) Nordic power contracts rose more than EUR 1 on Friday – with Q3 hitting a contract high…
Read moreAudits key to proving forest biomass is sustainable – EC
(Montel) Forest biomass producers would have to provide audited information proving they comply with EU sustainability criteria in…
Read moreGermany to see spring-like weather after cold spell – Ubimet
(Montel) Germany would see the arrival of spring-like weather as temperatures turn milder next week, with solar…
Read moreGerman coal phase-out “is done” by 2030 – RWE CEO
(Montel) The outgoing CEO of German utility RWE expects coal-fired power to be pushed out of the market…
Read moreGerman spot power to rise next week as wind output wanes
(Montel) Germany’s front-week power contract climbed on Friday on the expectation of lower wind generation.…
Read moreGerman power supply severely endangered from 2023 – analyst
(Montel) Germany faces a supply deficit of around 4 GW in the winters of 2023 and 2024 due…
Read morePoland’s solar capacity in February grows 3% – agency
(Montel) Poland’s solar power capacity grew 128 MW in February to 4,243 MW, data from the Polish Energy…
Read moreBrent crude prices drift down in range-bound trading
(Montel) Crude oil prices eased in range-bound trading early on Friday amid concerns that rising Covid-19 infections could…
Read moreTransport, building emissions cuts "too costly" for EU ETS
(Montel) Emissions reductions from the transport and building sectors would be too costly to be achieved under the…
Read moreEU ETS surplus rises 14% in 2020 – Sandbag
(Montel) The total surplus of EUAs in the European carbon market grew by 173m tons, or 14%, in…
Read moreDay-ahead coupling shadow auction results will shift to 2pm
(Montel) The fallback shadow auction results used when day-ahead power market coupling fails for the 13 countries in…
Read moreCO2 extends losses on profit-taking
(Montel) European carbon prices extended the previous session’s losses on Thursday on a round of profit-taking following the…
Read moreCement firm LafargeHolcim plans 30 MW Polish solar farm
(Montel) Cement producer LafargeHolcim will build a 30 MW solar farm in the central Polish city of Wierzbica,…
Read moreGerman front-week power rises on low wind, cool weather
(Montel) German power for delivery next week rose on Thursday amid expectations of relatively low wind generation…
Read moreSpanish spot power hits 3-month high above EUR 70
(Montel) Spanish day-ahead power prices out-turned above EUR 70/MWh on Thursday for the first time since 19 January…
Read moreRWE agrees 10-year wind PPA with Italy’s Sofidel
(Montel) Germany’s RWE will provide 26 GWh of electricity per year from a Sicilian wind park to Italy’s…
Read moreAsia-Pacific coal prices slide amid bearish China signals
(Montel) Pacific basin benchmark coal prices have declined to a near three-week low amid easing Chinese domestic…
Read moreGas prices flat as storage issues, cold offset weaker CO2
(Montel) European gas prices were range-bound on Thursday as concerns about storage levels and continuing cold weather…
Read moreGazprom’s March gas auction sales rise to 2.9 TWh
(Montel) Russian energy company Gazprom sold 2.9 TWh (0.28bcm) of natural gas via its electronic sales platform (ESP)…
Read moreAnglo American to start divesting from S Africa coal in June
(Montel) Anglo American plans to demerge its South African thermal coal operations in June amid wider efforts…
Read moreMore green energy may see UK summer gas demand hit new low
(Montel) Growth in renewable energy generation and more interconnector capacity from France could drive down the UK’s…
Read moreUnabated gas becoming less sustainable – BP
(Montel) The use of unabated gas is becoming less sustainable, particularly in Europe, with the future for…
Read moreNordic spot power to plunge EUR 10 on more wind
(Montel) Friday’s Nordic system price was set to plunge by around EUR 10 day on day due…
Read moreFrench LNG imports jump on narrowing price spread with Asia
(Montel) France’s LNG imports are expected to nearly treble this month compared to February amid a narrowing…
Read moreCoal market faces 20m-tonne glut in 2021 – Noble
(Montel) The global seaborne thermal coal market faces a potential 20m-tonne overhang in supply this year, unless…
Read moreGerman carmakers to embrace PPAs amid EV drive
(Montel) German carmakers are set to fulfil their large power purchase agreement (PPA) potential over the next…
Read moreEquinor, SSE Thermal plan 1.8 GW UK hydrogen plant
(Montel) Norwegian utility Equinor and SSE Thermal of the UK are planning to build a hydrogen plant –…
Read moreGerman spot power set to drop as cold weather abates
(Montel) German day-ahead power looked set to drop around EUR 2 on Thursday as fresh forecasts indicated…
Read morePGE, Orsted secure CFDs for 2.5 GW offshore wind in Poland
(Montel) Poland's PGE and Denmark's Orsted have secured contracts for difference for their planned 2.5 GW offshore wind…
Read moreOil prices slip after surge in US gasoline stocks
(Montel) Crude oil prices traded lower early on Thursday after official US data showed a big increase in…
Read moreFrench green hydrogen infrastructure severely lacking – TSO
(Montel) French infrastructure for transporting and storing green hydrogen is “very backward”, domestic TSO GRT Gaz said on…
Read moreCO2 corrects down amid energy market decline
(Montel) European carbon prices eased on Wednesday in response to a correction following its prior record high…
Read moreSpanish gas price hits 2-month high on supply issue
(Montel) Spanish spot gas prices hit a two-month high of EUR 20.80/MWh on Wednesday amid restrictions in flows…
Read moreRussian gas transit via Ukraine slips 6% in Q1
(Montel) Russian gas transit to the EU and Moldova through Ukraine in January-March declined by 6% on…
Read moreNorway’s oil fund eyes more renewable investments in Europe
(Montel) Norway’s USD 1.2 trillion oil fund has plans to accelerate its investments in renewable energy in Europe,…
Read moreFrench government seeks union support for EDF split
(Montel) French ministers are seeking backing from energy unions for the plan to split up EDF as negotiations…
Read moreGerman gas, coal output jump in Q1 – Fraunhofer
(Montel) Germany’s gas-fired generation jumped 46% and lignite 33% in the first quarter compared with the same…
Read moreFrance, Germany set to face lower heatwave risk this summer
(Montel) Germany and France face less of a risk of a pronounced heatwave than they did last summer,…
Read moreGas prices retreat as supply concerns subside
(Montel) European gas prices retreated from the previous session’s near two-month highs on Wednesday as growing LNG…
Read moreNorway oil fund acquires 50% of Dutch offshore wind farm
(Montel) Norway’s USD 1.2 trillion oil fund has acquired 50% ownership share of Danish utility’s Orsted’s 752…
Read moreNordic power prices rise on drier weather outlook
(Montel) Nordic power contracts close to delivery rose on Wednesday in response to forecasts for drier weather…
Read moreEasing demand to pressure API 2 coal this month
(Montel) European coal prices will likely soften over the coming weeks, amid a seasonal decline in demand…
Read moreLNG influx to offset UK gas support in April
(Montel) UK gas prices will likely remain relatively firm over the coming month, as colder-than-normal weather and…
Read morePolish tender for 2022 power clears at EUR 40.67-69.72/kW
(Montel) A Polish power reserve tender for 2022 has cleared between EUR 40.67-69.72/kW, the country’s Energy Regulatory Office…
Read moreOil prices edge higher amid signs of rising demand
(Montel) Crude oil prices rose early on Wednesday amid signs of rising demand in key consuming nations as…
Read moreEIA revises up LNG export outlook 2% for 2021
(Montel) The US Energy Information Administration (EIA) has revised up its 2021 LNG export outlook by 2%…
Read moreGerman spot power to jump EUR 10 on less wind, steady demand
(Montel) German day-ahead power prices were poised to rise around EUR 10 on Wednesday as forecasts showed…
Read moreCarbon prices soar amid compliance boost
(Montel) European carbon prices surged to fresh highs on Tuesday as compliance buying interest boosted sentiment.…
Read moreTSOs mull more intraday auctions, fewer products
(Montel) European electricity TSOs are seeking views on having more intraday auctions with fewer products to make it…
Read moreCool weather could boost TTF spot above EUR 20 in April
(Montel) TTF day-ahead prices in April could reach above EUR 20/MWh – levels similar to those seen…
Read moreEUAs hit fresh high of EUR 44 as rally resumes
(Montel) Europe’s benchmark carbon price rose above EUR 44/t on Tuesday – a new record high – amid…
Read moreGerman front-month power jumps EUR 1, Cal 22 hits fresh high
(Montel) The German front-month power contract jumped around EUR 1 on Tuesday amid persistent cold weather forecasts,…
Read moreRussian coal exports surge 19% in Q1
(Montel) Russian coal exports in the first quarter jumped nearly 20% on the year in January-March –…
Read moreGas prices rise as cold weather to persist
(Montel) European gas prices rose across the board on Tuesday amid forecasts of persistent colder weather as…
Read moreStatkraft completes 26 MW storage battery in Ireland
(Montel) Norwegian utility Statkraft has completed construction of a 26 MW storage battery in Ireland, the company said…
Read moreGerman front-year power soars to 9.5-year high on CO2, gas
(Montel) German front-year power, the European benchmark, hit a 9.5-year high on Tuesday, driven by higher carbon and…
Read moreCO2 set to test new highs this month on bullish sentiment
(Montel) EUA prices are likely to rise to new record highs in April as the compliance cycle reaches…
Read moreNordic power falls as hydrological surplus strengthens
(Montel) Nordic power contracts fell on Tuesday in response to a strengthening hydrological surplus, set to hit its…
Read moreEneco to double renewables capacity to 3.2 GW by 2025
(Montel) Dutch utility Eneco aims to double its installed renewables capacity to 3,200 MW by 2025, the…
Read moreDeutsche Bahn, RWE sign 15-year offshore wind PPA
(Montel) Deutsche Bahn will secure 190 GWh of output per year from RWE's Amrumbank West offshore wind…
Read morePolenergia, Equinor to launch 1.4 GW Polish wind in 2025
(Montel) Poland’s Polenergia and Norway’s Equinor plan to launch 1.4 GW of offshore wind capacity in the Baltic…
Read moreGerman spot power set to jump EUR 11 on cold, higher exports
(Montel) German day-ahead power prices looked set to jump EUR 11 on Tuesday as forecasts showed cooler…
Read moreGerman, Dutch, Belgian power flips into negative territory
(Montel) German, Dutch and Belgian power prices flipped into negative territory for several hours on Monday – a…
Read moreOil prices rise despite Opec plans to boost output
(Montel) Crude oil prices were rising on Tuesday despite news from late last week that producer group Opec…
Read moreNordic region sees negative power prices on Monday
(Montel) All Nordic countries bar Norway saw negative power prices on Monday amid very high wind power output…
Read moreOpec alliance to gradually boost supply from May-July
(Montel) Opec and its Russia-led allies agreed on Thursday to gradually boost supply by around 2m bbl/day in…
Read moreEU ETS verified emissions fall 12.6% in 2020 – Refinitiv
(Montel) Verified emissions from stationary installations in the EU ETS fell 12.6% to 1.339bn tonnes in 2020, said…
Read moreCoal eases from 11-week highs
(Montel) European coal prices eased back from 11-week highs in Thursday trading amid poor physical trading activity,…
Read moreSubsidy cut threatens French biomethane sector – industry
(Montel) Growth in the French biomethane sector should slow after 2024 due to falling subsidies, despite the country's…
Read moreBASF expects to triple power demand by 2035
(Montel) Chemicals group BASF expects to triple its power consumption to more than 44 TWh/year by as…
Read moreGO prices rise after hitting floor
(Montel) European guarantees of origin (GO) prices rose slightly in the past week as analysts expected they…
Read moreCarbon prices likely to continue rally next week
(Montel) EU carbon prices should continue to trade in a gradually increasing price range next week after the…
Read moreGerman agency clears way for Nord Stream 2 construction
(Montel) A German agency has cleared the way, at least for now, for the remaining construction of the…
Read moreTauron appoints Pawel Straczynski as new CEO
(Montel) Polish utility Tauron has named Pawel Straczynski new CEO, effective 1 April, it said on Thursday.…
Read moreUK government risks stifling green transition – researchers
(Montel) The UK government should relinquish its hold on the electricity sector and allow market forces to accelerate…
Read moreGas prices rise on colder weather outlook
(Montel) European gas prices rose on Thursday, as forecasts indicated relatively cool weather in the next few…
Read moreRenewables share of UK power mix declines in Q1
(Montel) Renewable power – comprising wind, solar and biomass – averaged around 32% of the UK electricity…
Read moreForecasters see colder weather in Germany next week
(Montel) Germany could see temperatures steeply decline at the start of April, including some hitting below zero,…
Read moreFrench nuclear output rises 3% on year in March
(Montel) French nuclear power generation rose 1 TWh, or 3.3%, year on year in March to 31.6 TWh,…
Read moreAsia-Pacific coal prices ease as supply disruptions abate
(Montel) Pacific basin benchmark coal prices softened over the past week, as logistics and exports operations in…
Read morePoland’s Tauron posts 10% drop in 2020 power output
(Montel) Polish utility Tauron produced 12.5 TWh of power last year, 10% less than in 2019, amid lower…
Read moreGermany awards tenders to shut 1.5 GW of coal by December
(Montel) Germany’s BNA network regulator has awarded tenders to close 1.5 GW of coal-fired capacity by 8 December…
Read moreGerman front-week power drops nearly 5% on more wind
(Montel) Germany’s front-week power contract fell 4.7% early on Thursday amid expectations of above-normal wind power generation…
Read moreOil rises as Opec+ reviews supply curb agreement
(Montel) Crude oil prices rose early on Thursday ahead of a key meeting of Opec and its non-member…
Read moreCarbon gains in muted pre-holiday trade
(Montel) European carbon prices traded up on Wednesday but remained range-bound amid muted activity as the Easter holidays…
Read moreSouth Africa coal exports recover from multi-year lows
(Montel) South Africa’s thermal coal exports in February recovered from the previous month’s multi-year lows amid some…
Read moreSpanish power generation rises 6% in March
(Montel) Spanish power generation rose 5.9% year on year in March to 21.2 TWh, while monthly demand also…
Read moreGerman Monday power drops as wind output set to rise
(Montel) German power for delivery on Monday slumped amid higher wind forecasts on Wednesday, while the front year…
Read moreSpanish government authorises closure of Barrios coal plant
(Montel) The Spanish Barrios coal plant (570 MW), located in the southern province of Cadiz, has received final…
Read moreSweden aims to cut red tape as power use tests grid limits
(Montel) The Swedish government is aiming to streamline licensing procedures for new power lines amid an expected boom…
Read moreUK govt urged to define route to market for tidal power
(Montel) The UK government should consider either contracts for difference or power purchase agreements to boost investment in…
Read moreBelgian minister opposes move away from gas plants
(Montel) Belgian energy minister Tinne Van der Straeten disagrees with moves by energy regulator Creg to shift…
Read moreEngie Electrabel appoints Thierry Saegeman as CEO
(Montel) Engie’s Belgian subsidiary Electrabel has appointed Thierry Saegeman as CEO, effective from 1 May, a company…
Read moreFront-month gas prices hit 7-week highs
(Montel) European gas prices jumped to seven-week highs in early Wednesday trading amid the prospect of colder…
Read moreNordic power prices ease on healthy hydro supply outlook
(Montel) Nordic power futures eased early on Wednesday amid expectations that the spring thaw will result in healthy…
Read morePoland’s solar capacity may reach 15 GW in 2025 – institute
(Montel) Poland’s installed solar capacity is set to grow by 2-2.5 GW/year and could reach 15 GW by…
Read moreVattenfall advances start of 353 MW Swedish onshore wind
(Montel) Vattenfall expects 353 MW of new Swedish onshore wind power to be in full operation by 11…
Read moreAustralia’s coal supply issues subside as floods recede
(Montel) Australian coal mining and export operations have largely recovered following disruptions caused earlier this month by…
Read moreS African coal firms face closure despite high export price
(Montel) Many smaller South African coal miners face possible closure amid the pandemic fallout, even as export…
Read moreGerman spot power to shed 13% on wind boost
(Montel) German day-ahead power prices were on course to fall around 13% on Wednesday on the back…
Read moreOrsted plans 1 GW Dutch-Belgian hydrogen plant
(Montel) Danish energy group Orsted plans to develop a 1 GW hydrogen plant to supply industrial demand in…
Read moreGerman wind, solar capacity grows 551 MW in February
(Montel) Germany added 201 MW of onshore wind capacity in February, while solar capacity grew by 350…
Read moreOil rises on views Opec will extend output cuts to May
(Montel) Crude oil prices rose early on Wednesday amid market expectations that Opec and its non-member partners will…
Read moreNuclear power is sustainable activity – EU advisers
(Montel) Nuclear power qualifies as a sustainable activity which can be used to help the EU cut…
Read moreTata Steel aims to cut its Dutch CO2 emissions 40% by 2030
(Montel) UK company Tata Steel Europe intends to cut annual CO2 emissions by 5m tonnes, or 40%,…
Read moreCarbon climbs amid cautious trading
(Montel) European carbon prices gained on Tuesday for the third consecutive session amid cautious trading ahead of EU…
Read moreFortum appoints acting head of trading
(Montel) Fortum has appointed Mats Persson as acting head of trading and asset optimisation, the company told Montel…
Read moreGermany still eyes renewable reforms this year – ministry
(Montel) The German government still aims to pass a slate of reforms to improve renewable energy deployment…
Read morePrompt gas firms on rising injections, flagging wind
(Montel) European prompt gas prices edged higher amid rising injections and an expected drop in renewable power…
Read moreGerman front-year power follows CO2 higher
(Montel) German front-year power prices increased on the back of higher CO2 on Tuesday but traders saw…
Read moreNeed for more integration behind Uniper changes – Fortum
(Montel) A need for greater integration with majority owner Fortum was behind the decision to replace German utility…
Read moreEC opens antitrust investigation of Epex Spot
(Montel) The European Commission has opened a formal investigation of the Paris-based Epex Spot exchange on suspicions…
Read moreGIG, Air Products sign PPA for 22 MW Polish wind
(Montel) Green Investment Group (GIG) has signed a 10-year virtual power purchase agreement (PPA) with US industrial-gases producer…
Read moreGlencore Australia coal mines at full capacity after floods
(Montel) Glencore, one of Australia’s largest coal producers, has returned to full coal-mining operations after widespread flooding…
Read moreNordic power futures fall on milder, wetter outlook
(Montel) Nordic power futures fell on the back of milder and wetter weather forecasts on Tuesday.…
Read moreGerman spot power set to rise 6% on low wind
(Montel) German day-ahead power prices looked set to gain around EUR 3 on Tuesday as forecasts showed wind…
Read moreOil trades softer as market awaits next move by Opec+
(Montel) Crude oil prices traded marginally lower early on Tuesday as market participants positioned themselves ahead of a…
Read moreUniper replaces CEO, CFO after less than 2 years
(Montel) German utility Uniper has appointed Klaus-Dieter Maubach as CEO and Tiina Tuomela as CFO, replacing Andreas Schierenbeck…
Read moreScandal derails German renewables talks as deadline nears
(Montel) A corruption scandal in German chancellor Angela Merkel’s Christian Union (CDU/CSU) threatens to hold up more…
Read moreCarbon rises amid technical support
(Montel) European carbon prices tentatively gained ground in late Monday trading, in part due to supportive technical…
Read moreRWE may double co-firing biomass at 1.6 GW Eemshaven plant
(Montel) German utility RWE may double co-firing biomass at its 1.6 GW Eemshaven plant in the Netherlands,…
Read moreBiomass offers alternative for aging German coal – study
(Montel) Aging German coal-fired power plants required to close in the coming years could be cost efficiently…
Read moreGerman front-month power falls on windier, milder weather
(Montel) German front-month power fell on Monday amid windier and milder short-term weather expectations and weaker European…
Read moreCarbon sink reviews could help EU agree 2030 CO2 cuts
(Montel) A commitment to review CO2 removals from carbon sinks could help the EU agree a 2030 target…
Read moreSpain spot power to fall on Easter demand slump
(Montel) Spanish spot power prices could fall this week on lower demand over the Easter holidays, while the…
Read moreRPC, Benbros Solar to develop 3.4 GW Spanish solar
(Montel) Renewable Power Capital (RPC) and Spanish photovoltaic developer Benbros Solar have entered a 50-50 joint venture to…
Read moreBelgian regulator warns of offshore wind costs on industry
(Montel) Belgium’s energy regulator Creg has warned the government that rising costs to fund offshore wind in…
Read moreEC approves German offshore wind subsidy scheme
(Montel) The European Commission has approved a reform of Germany’s subsidy scheme to further boost offshore wind capacities…
Read moreEuropean LNG terminals expect 2.3bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 2.3bcm this week, potentially bringing imports…
Read moreIberdrola buys three wind farms (163 MW) in Poland
(Montel) Spanish utility Iberdrola has agreed to buy three onshore wind farms – with a combined capacity of…
Read moreItaly’s Falck to buy solar plant (50 MW) in Spain
(Montel) Italian developer Falck Renewables has agreed to buy its first solar plant in Spain, with a capacity…
Read moreUK coal usage slumps 20% in January – ministry
(Montel) UK coal consumption for power generation dropped nearly 20% on the year to 0.53m tonnes in…
Read moreNordic front power dips on milder and wetter weather
(Montel) Nordic power futures were trading lower amid a milder and wetter weather outlook than previously expected and…
Read moreStranded Suez vessel to be fully freed today – authority
(Montel) A container vessel blocking the Suez Canal is set to be fully freed later today, allowing…
Read moreOil prices fall as Suez Canal blockage set to end on Monday
(Montel) Crude oil fell early on Monday, as a container vessel was expected to be fully freed later…
Read moreGerman spot power to soar 32% as wind output drops
(Montel) German day-ahead power prices were on track to rise almost EUR 13 on Monday amid forecasts for…
Read moreEquinor gets nod to use 221 MW electricity at Troll, Oseberg
(Montel) Norway’s energy ministry has approved plans by energy firm Equinor to supply its Troll and Oseberg fields…
Read morePolish utilities, miner sell nuclear firm to state
(Montel) Polish utilities PGE, Enea and Tauron and miner KGHM have sold their nuclear firm PGE EJ 1…
Read moreGermany sees negative prices amid strong wind, solar
(Montel) German power prices dropped into negative territory for five hours on Sunday afternoon amid ample wind and…
Read moreIce Futures to move up EUA, coal, LNG settlement windows
(Montel) Ice Futures plans to bring forward on 12 April the daily settlement window for EUAs, coal, LNG…
Read moreUK climate panel warns against carbon offset use
(Montel) The UK Climate Change Committee has warned the government against using international carbon offsets to help reach…
Read moreCoal dying too slowly for Paris climate target – report
(Montel) The Paris climate target slipped further from reach last year despite a record 4% fall in coal…
Read moreGerman front-year power rises with carbon price rebound
(Montel) German front-year power rose on Friday as carbon prices recovered from Thursday’s losses, while contracts closer in…
Read moreGermany set to reject US Nord Stream 2 demands – report
(Montel) The German government will not accept US demands for a construction halt to the contested Russian…
Read moreStatkraft, Daimler expand PPA partnership
(Montel) Norwegian utility Statkraft has expanded a long-term power purchase agreement for renewable energy with automaker Daimler,…
Read moreEC faces mounting pressure to limit forest bioenergy use
(Montel) More than 38,000 individuals have urged the European Commission to limit forest biomass use for energy in…
Read moreRenewables share of German power falls to 40% in Q1 – BDEW
(Montel) The share of renewable energy in Germany’s power mix fell six percentage points to 40% in…
Read moreCO2 to trade above EUR 40 next week ahead of 2020 data
(Montel) EUAs are expected to consolidate above EUR 40/t next week as the market prepares for the release…
Read moreUS steps in to help free stranded Suez vessel – authority
(Montel) The US will likely help in ongoing efforts to free a container vessel which has blocked…
Read moreUK April gas hits highest level since Feb on cold, Suez
(Montel) European gas prices rose on Friday amid an expected cool start to April and the Suez Canal…
Read moreNordic power futures hit 6-week high on colder outlook
(Montel) Nordic power futures rose for a fifth consecutive session, to a six-week high, on Friday as fresh…
Read moreSuez blockage spurs further LNG vessel rerouting
(Montel) The prospect of a protracted stoppage to shipping via the Suez Canal is encouraging more shipping…
Read moreFrench unions call for Arenh price increase to EUR 48/MWh
(Montel) The four main French energy unions want France to raise the Arenh nuclear price by "at…
Read moreFinnish watchdog okays fuel loading at new Olkiluoto reactor
(Montel) Finnish nuclear safety watchdog Stuk has awarded operator TVO a permit to load fuel into its new…
Read moreNord Stream 2 faces 2022 start-up amid hurdles – report
(Montel) Russia’s Nord Stream 2 gas pipeline, to Germany, will likely be completed this year, but may…
Read moreGermany set for warm, windy start next week – Ubimet
(Montel) Germany looked set for warm weather early next week, with strong wind, and solar peaking at…
Read moreFlood-hit Australian coal rail network resumes operation
(Montel) Full rail operations have resumed along a flood-hit rail route serving Australia’s main coal export hub…
Read moreOil rises as Suez concerns outweigh Covid fears
(Montel) Oil prices were rising on Friday as concerns about a resurgent Covid-19 pandemic were outweighed by fears…
Read moreSuez incident blocks 0.5m tonnes of LNG to EU – Rystad
(Montel) Nearly 0.5m tonnes (0.68bcm) of LNG earmarked for European destinations is currently waiting to pass through…
Read moreExperts question additionality trend in PPA deals
(Montel) Rather than focus on new renewables projects – additionality – via power purchase agreements (PPAs) consumers should…
Read moreDraft EU taxonomy sparks discord over gas, nuclear future
(Montel) A draft EU taxonomy identifying sustainable activities has sparked discord over natural gas and nuclear’s future roles…
Read moreCarbon dives near EUR 2 to 2-week low
(Montel) European carbon prices plunged near EUR 2 on Thursday, hitting a two-week low amid bearish technical…
Read moreEUAs drop below EUR 40/t on pandemic concerns
(Montel) EUA prices dipped below EUR 40/t on Thursday for the first time in more than two weeks,…
Read moreSlow German planning process hinders wind roll-out – ENBW
(Montel) Germany will fall far short of a 2030 renewable energy goal unless it swiftly overhauls a…
Read moreGas prices mixed on supply concerns, CO2 impact
(Montel) European front-month gas prices diverged on Thursday, as the ongoing Suez Canal blockage stoked supply fears,…
Read morePrivate wire PPAs could boost UK grid costs – analysts
(Montel) A surge in the number of private wire power purchase agreements (PPAs) being concluded in the UK…
Read moreItalian TSO sells nearly 913 MW of demand response contracts
(Montel) Italian TSO Terna has sold 912.7 MW of electricity demand response contracts offered for April for use…
Read moreSale of German national emission certificates starts in Oct
(Montel) Energy exchange EEX has been awarded a contract to oversee the sale of allowances for the German…
Read moreSuez Canal still indefinitely closed to traffic – authority
(Montel) The Suez Canal remained indefinitely closed to vessel traffic after a container ship ran aground on…
Read moreUK reports provisional 8.7% drop in 2020 emissions
(Montel) UK greenhouse gas emissions fell by 40.7m tonnes, or 8.7%, in 2020 to 414.1m tonnes of CO2…
Read moreENBW’s 2020 trading arm earnings edge up 4%
(Montel) ENBW’s generation and trading arm posted a 4% rise in earnings last year thanks partly to…
Read moreGermany to be net power importer to 2030 – study
(Montel) Germany is going to become a net power importer next year through to 2030 amid its coal…
Read moreHeavy industry to become key CO2 price driver – analysts
(Montel) Heavy industry’s hedging strategies will become key CO2 price drivers in the coming years as falling emissions…
Read moreLuxcara, Agder sign 2-3 TWh/year PPA with Boliden
(Montel) German investment fund Luxcara and Norweigan utility Agder Energi have signed a 15-year power purchase agreement (PPA)…
Read moreWind boost to drag down German power spot price
(Montel) German day-ahead power looked set to tumble EUR 10 on Thursday on the back of an…
Read moreOil prices retreat as Suez disruption concerns abate
(Montel) Crude oil prices slid in early Thursday trading, paring robust gains in the previous session that were…
Read moreEWE, Gasunie plan 400 MW hydrogen hub in Germany
(Montel) German utility EWE, Dutch gas grid operator Gasunie and other partners plan to establish a hydrogen hub…
Read moreTerna to invest EUR 1.4bn in 2021 in Italy’s grids
(Montel) Italian TSO Terna said it will invest EUR 1.4bn in strengthening grids and “regulated activities” in core…
Read moreRWE to start building 1.4 GW UK offshore wind farm in 2023
(Montel) German utility RWE will begin construction of its 1.4 GW Sofia offshore wind farm in 2023 on…
Read moreReal-time GO tracking unlikely in five years – lobby group
(Montel) Proposals for tracking energy sources 24/7 and in real time with guarantees of origin (GO) are unlikely…
Read moreSupply uncertainty underpins coal
(Montel) European coal prices continued to draw some support from supply uncertainty in the Pacific, yet softening…
Read moreGOs lack full disclosure, harmonisation – lobby group
(Montel) The revised EU renewable energy directive (RED 2) supports guarantees of origin (GO) but falls short of…
Read moreIsrael firms buy 90% stake in Spain solar projects (236 MW)
(Montel) Israeli firms Nofar Energy and Noy Fund have agreed to jointly purchase a 90% stake in…
Read moreNordic-German power spread hits record near EUR 30/MWh
(Montel) A near record EUR 30/MWh premium of German front-year power to the Nordic equivalent is largely in…
Read moreGlobal green investment exceeds USD 300bn in 2020
(Montel) Global investment in renewables capacity likely exceeded USD 300bn in 2020, higher than the previous year and…
Read moreFurther carbon price gains may shut Polish coal plants – PGE
(Montel) A further surge in carbon prices may lead to shutdowns of coal-fired plants in Poland and threaten…
Read moreFrench TSO extends supply warning to next 3 winters
(Montel) French TSO RTE has extended a supply warning to the next three winters, seeing a need for…
Read moreGas briefly spikes on Suez blockage
(Montel) Prompt European gas prices briefly struck a 10-day high on Wednesday after a container ship ran…
Read moreGrounded Suez vessel “partially refloated” – sources
(Montel) A giant container vessel, which ran aground last night in the Suez Canal effectively blocking shipping…
Read moreNordic front power rises as weather forecasts turn colder
(Montel) Nordic front power futures were trading higher on Wednesday amid a cooler weather outlook, which could delay…
Read moreSuez blockage may hinder LNG, coal shipments
(Montel) Shipping via the Suez Canal has ground to a halt after a container vessel ran aground,…
Read moreBelgian energy minister warns of negative prices this summer
(Montel) Belgium’s energy minister Tinne Van der Straeten has warned the country may see negative prices during…
Read moreLack of regulatory framework to hit blue hydrogen – analysts
(Montel) The lack of a regulatory framework will hamper the prospect of blue hydrogen making up a…
Read moreOil prices correct up from Tuesday’s 4% plunge
(Montel) Crude oil prices rose more than 1% early on Wednesday, clawing back from a near 4% drop…
Read moreEneco confirms 870 MW Belgian gas plant plan
(Montel) Dutch utility Eneco confirmed late on Tuesday its intention to build an 870 MW gas-fired power…
Read morePGE posts 22% rise in 2020 wholesale power sales
(Montel) Polish utility PGE sold 74.6 TWh of output on power exchange TGE and the balancing market in…
Read moreFlooded Australian coal rail network resumes operations
(Montel) Rail and port operators in Australia’s flood-hit state of New South Wales (NSW) have tentatively resumed…
Read moreCoal could fall to 13% of Poland's energy mix by 2030
(Montel) Poland could shave coal's share in the energy mix from 70% today to 13% by 2030 by…
Read moreEon hedges 57% of its 2022 nuclear generation at EUR 45/MWh
(Montel) German utility Eon's subsidiary Preussen Elektra had hedged 57% of its 2022 nuclear power generation by the…
Read moreItalian planned gas plants (14 GW) may threaten green target
(Montel) Planned gas-fired power plants (14 GW) in Italy could threaten its climate targets, waste billions of euros…
Read moreUsing hydrogen for power needs CO2 at EUR 200/t – Uniper
(Montel) EU carbon prices would need to rise to EUR 200 to 250/t to make burning clean hydrogen…
Read moreEnergy complex eases on demand jitters
(Montel) European energy commodities mostly fell on Tuesday, as coronavirus countermeasures sapped expectations for energy demand over…
Read moreScottish wind site costs may hinder renewables – consultant
(Montel) An almost threefold increase in National Grid's network transmission costs, to GBP 1.28m by 2025-26, for an…
Read moreEC authorises compensation for Fessenheim shutdown
(Montel) The European Commission has authorised a French government payout to EDF for the closure of its 1.8…
Read moreMSR needs repairs to stay relevant – experts
(Montel) An automatic stabiliser that has revived faith in Europe’s carbon market in recent years will need…
Read moreNo significant battery capacity in Iberia before 2025 – Afry
(Montel) The Iberian region could fail to see a significant volume of battery capacity installed until at least…
Read moreFrench reservoir levels set for 1-year low in April – EQ
(Montel) France’s reservoir levels are likely to fall to a one-year low in mid-April, at 28% or…
Read moreGerman power imports hint at future supply limits – analysts
(Montel) Surging German power imports and spot prices this winter hinted at what the country may face in…
Read moreGas prices soften amid rising supply
(Montel) European gas prices softened in early Tuesday trading amid increased supply from Norway and lower related…
Read moreNordic power edges down on wet weather outlook
(Montel) Nordic power futures softened on Tuesday as fresh weather forecasts called for slightly milder and wetter conditions…
Read moreTotal signs 20-year LNG supply deal with China’s Shenergy
(Montel) French energy major Total has signed an agreement with state-owned Chinese Shenergy Group, to supply up to…
Read moreGermany may join Czech lawsuit against Polish lignite mine
(Montel) Germany may join the Czech Republic in legal action against Polish lignite mine Turow, the energy ministry…
Read moreEC hopes for 2030 CO2 cut target accord by 22 April
(Montel) The European Commission hopes that EU negotiators will agree a new 2030 CO2 cut target by 22…
Read moreEnel secures 554 MW of UK demand-side response capacity
(Montel) Enel X, a unit of Italian utility Enel, secured 554 MW, or 52% of the total demand-side…
Read moreNewcastle coal surges above USD 100/t on disruptions
(Montel) Pacific basin benchmark Newcastle prices have surged above USD 100/t – the highest since November 2018…
Read moreStatkraft plans 3 solar farms (125 MW), batteries in UK
(Montel) Norwegian energy group Statkraft plans to build three solar parks with a combined capacity of 125 MW…
Read moreNorway opposition party urges withdrawal from Acer
(Montel) Norway should cut ties with EU energy regulatory agency Acer to maintain independence on energy policies, the…
Read moreNorlys to start power, gas trading in April
(Montel) Norlys Energy Trading will start power and gas trading across Europe in early April following a hiring…
Read morePolish solar output hits record high 2.5 GW
(Montel) Polish solar output hit a record high 2,448 MW on Monday at 11:45 CET, said TSO PSE.…
Read moreGerman spot power set to dive EUR 5 on wind, solar jump
(Montel) German day-ahead power prices looked set to drop around EUR 5, or 9%, on Tuesday on…
Read moreOil price retreat continues as pandemic fears persist
(Montel) Oil prices fell for a second consecutive session on Tuesday amid a new wave of coronavirus infections…
Read moreUK to examine green energy deals over mis-selling fears
(Montel) UK ministers are planning to examine how renewable energy is marketed over fears some households are being…
Read moreCoal jumps EUR 2 on wider supply concerns
(Montel) European coal prices jumped more than EUR 2 on Monday to a multi-week high, as supply concerns…
Read moreGerman front-year power rises with support from carbon
(Montel) German front-year power built on last week’s gains on Monday with help from carbon, while prompt…
Read moreUK software firm to launch energy trading platform in April
(Montel) London-based software firm Sphirra will launch a trading platform for European power and gas markets on…
Read moreGerman experts advise against EU carbon border tax
(Montel) The EU should abandon plans for a CO2 tax on imports in favour of a carbon…
Read moreSpanish spot power set to soar EUR 20 on less wind
(Montel) Spanish spot power prices could jump EUR 20 to average EUR 50/MWh this week on an expected…
Read moreSolar needs better regulation for EU 2030 goal – lobby
(Montel) Improvements in regulation and market design are needed to reach 700 GW of solar capacity in Europe…
Read moreGas prices rise on bullish coal, Norway outages
(Montel) European gas curve prices rose on Monday amid soaring prices in the attendant coal market, while…
Read moreNordic power futures rebound on strong spot
(Montel) Nordic power futures rose across the board amid surprisingly strong spot prices on Monday, recovering some of…
Read moreEuropean LNG terminals expect 2.54bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 2.54bcm this week, potentially bringing imports…
Read moreAdverse weather threatens Australia’s Newcastle coal port
(Montel) Widespread gales and flooding currently affecting parts of New South Wales, in Australia, will likely impact…
Read moreGerman spot power eyes 2% gain on low wind output
(Montel) German day-ahead power prices were on track to rise around EUR 1 on Monday amid forecasts for…
Read moreCoal gains despite losses in carbon and gas
(Montel) European coal prices rose on Friday amid bullish sentiment from the Asia-Pacific market and in contrast to…
Read moreGermany should adopt US-style power market pricing – study
(Montel) Germany should replace its zonal power market with a system of nodal pricing that would better…
Read moreGerman front-year power drifts lower on declining CO2
(Montel) German front-year power declined slightly on Friday, as European carbon prices extended losses and weather expectations…
Read moreGermany to see low wind, more sun in coming weeks
(Montel) Germany is set for low to moderate wind output during the next four weeks, while solar generation…
Read moreGas prices ease in line with carbon market
(Montel) European gas prices decreased on the back of lower CO2 on Friday, although the TTF day-ahead…
Read moreCompliance buying may give EUAs further boost
(Montel) European carbon prices are likely to test new highs in the coming week as compliance buying ramps…
Read moreFrench front-week power dips EUR 2 on milder outlook
(Montel) The French front-week power contract dipped EUR 2, or nearly 4%, on Friday amid forecasts of…
Read moreNordic power curve drops on milder, wetter outlook
(Montel) Nordic power futures traded down across the board Friday morning amid milder and wetter forecasts and…
Read moreNewcastle prices hit 2-year high on coal terminal outage
(Montel) Asia-Pacific benchmark Newcastle coal prices jumped nearly 4% in early Friday trading, as one of three…
Read moreDutch fund to buy two Polish wind projects (63 MW) from OX2
(Montel) A Dutch infrastructure investment fund is set to buy two planned onshore wind projects (63 MW) in…
Read moreGerman front-week power slides EUR 2 on mild, windy outlook
(Montel) Germany’s front-week power contract slid EUR 2.25 on Friday amid a milder weather picture for the…
Read moreUS reiterates commitment to Nord Stream 2 sanctions
(Montel) The new US government is committed to keep up the sanction rules against companies involved in building…
Read moreOil continues retreat as demand concerns weigh
(Montel) Oil was continuing its retreat on Friday, after sliding 7% in the prior session and its biggest…
Read moreEnel hedges 41% of 2022 Italian power output
(Montel) Enel has hedged 41% of the company’s Italian power output and retail operations for 2022, the company’s…
Read moreDanish solar revenues set to drop EUR 10 by 2030 – Thema
(Montel) Danish solar plants will earn average revenue of EUR 37.50/MWh in 2030, down from EUR 47.5/MWh currently,…
Read moreDanish TSO creates hourly GO system in bid for transparency
(Montel) Danish TSO Energinet has created a prototype hourly guarantees of origin (GO) system in a bid to…
Read moreCO2 falls on profit-taking after hitting high
(Montel) European carbon prices retreated on Thursday afternoon on a late round of profit-taking, while also being pressured…
Read moreFrench front-year power surges amid carbon rally
(Montel) French front-year power surged to its highest price in more than two years on Thursday, as…
Read moreOversupply continues to curb GO prices
(Montel) Prices from European guarantees of origin (GO) remain virtually unchanged this week in a market depressed by…
Read moreDutch election set to provide green energy boost – experts
(Montel) Offshore wind and solar may get a boost from the latest Dutch general election, with the…
Read moreGas prices gain on carbon increase
(Montel) European gas contracts rose on Thursday, as rising carbon prices offset bearish sentiment related to a comfortable…
Read moreGerman utility Leag to suspend lignite mine operations
(Montel) German utility Leag plans to temporarily stop operations at its Jaenschwalde lignite open pit mine until demand…
Read moreAsia-Pacific coal hits 2-year high on strong demand
(Montel) Asia’s benchmark coal price has hit its highest level in two years as strong demand bucked…
Read moreASN urges EDF explain 10-yr delay detecting EPR weld faults
(Montel) France’s ASN nuclear safety authority has asked EDF to explain why it took 10 years for…
Read moreEconomic optimism drives freight index to 1.5-year high
(Montel) The Baltic Dry Index (BDI) – which tracks global dry freight rates – has soared to…
Read moreEU must proceed cautiously on carbon border tax – study
(Montel) The EU must proceed cautiously on a carbon border tax for selected imports to prevent carbon leakage…
Read moreNordic power curve rises but spread to Germany nears EUR 30
(Montel) Nordic power contracts were rising on Wednesday buoyed by strong carbon and German power prices, though German…
Read moreTotal’s board approves CEO Pouyanne’s tenure until 2024
(Montel) French energy firm Total’s board of directors has agreed to renew Patrick Pouyanne’s tenure as chairman…
Read moreItalian gas demand slides 4% in 2020 amid Covid crisis – TSO
(Montel) Italian TSO Snam reported a 4% year-on-year drop in its 2020 gas demand to 71.3bcm on the…
Read moreBP plans UK’s largest hydrogen project (1 GW) by 2030
(Montel) BP is developing plans for the UK’s largest blue hydrogen production facility, in northeast England, targeting…
Read moreGerman spot power to plunge as renewables ramp up
(Montel) German day-ahead power looked set to drop more than EUR 10 on Thursday on the back…
Read moreOil prices dip on tepid demand outlook, rising US stockpiles
(Montel) Crude oil prices traded weaker early on Thursday following reports that global oil demand may not recover…
Read moreGlobal coal demand set to rise 3% this year – EWI
(Montel) International coal demand was likely to climb by around 3% – or roughly 200m tonnes – this…
Read moreCO2 gains on virus recovery hopes
(Montel) European carbon prices rose on Wednesday, driven by strong financial markets amid hopes of a strong recovery…
Read moreFrance and EC “close” to deal on EDF – union leader
(Montel) The French government and the European Commission are “close” to reaching a deal over the future of…
Read moreGerman front-year power rises on strong CO2
(Montel) German front-year power rose on Wednesday amid higher carbon prices, while contracts closer in received fundamental support…
Read moreAustrian government approves reform to renewables law
(Montel) The Austrian government passed a reform to its Renewable Energy Act on Wednesday, which aims for…
Read morePrompt gas contracts pare losses
(Montel) European prompt gas prices recovered from early losses on Wednesday, though ample supply continued to weigh…
Read moreRussian coal output hits 15-month high in February
(Montel) Russian coal production hit a 15-month high of 1.28m tonnes/day (35.9m tonnes) in February as stronger…
Read moreRepowering setbacks threaten Italy’s green targets
(Montel) Complex and lengthy permitting processes for upgrading wind turbines, so called repowering, could jeopardise Italy’s plans to…
Read moreGerman power may rise EUR 5 with 55% carbon cut – institute
(Montel) German power prices would gain EUR 5, to EUR 63/MWh, by 2038 under a 55% EU…
Read moreUK plans 20 TWh of low CO2 industrial energy supply by 2030
(Montel) The UK government will invest GBP 171m to achieve 20 TWh of low carbon industrial energy supply…
Read moreIEA revises down 2025 world oil demand outlook
(Montel) World oil demand will reach 103.2m bbl/day in 2025, down 2.5m bbl/day from an estimate a year…
Read moreNordic power rebounds on drier, colder outlook
(Montel) Nordic power futures rose on Wednesday after shedding EUR 3 in the prior session, as the latest…
Read moreVerbund plans 480 MW expansion at pump storage unit
(Montel) Austrian utility Verbund plans to almost double capacity at its 593 MW Limberg pump storage unit with…
Read moreCarbon CFDs risk depressing ETS prices – trade groups
(Montel) Using carbon contracts for difference (CFD) to help decarbonise heavy industry quickly risks depressing EU carbon prices…
Read moreVerbund 2020 trading, sales earnings jump 53% to EUR 76m
(Montel) Austrian utility Verbund’s trading and sales segment posted a 53% year-on-year jump in full-year earnings before interest,…
Read moreVerbund hedges 15% of 2022 output at EUR 44.60/MWh
(Montel) Austria’s biggest power producer Verbund had hedged 15% of its 2022 hydropower output at EUR 44.60/MWh by…
Read moreGerman spot power to rise EUR 4 as wind subsides
(Montel) German day-ahead power prices were on course to climb more than EUR 4 on Wednesday as…
Read moreOil prices trade firmer ahead of EIA data
(Montel) Crude oil prices traded a shade higher early on Wednesday, stemming recent losses amid renewed demand concerns…
Read moreCoal eases amid weaker gas, tepid demand
(Montel) European coal prices slipped on Tuesday in tandem with lower gas prices and amid sluggish physical…
Read moreEU ETS emissions fall 12.3% in 2020 – analysts
(Montel) Emissions from stationary installations in the EU ETS fell by 12.3% in 2020, according to a survey…
Read moreFlexibility markets could help Norway grid capacity – Afry
(Montel) Large-scale electrification of Norway would require power grid expansion, but flexibility markets and new technology could cut…
Read moreRWE boss brushes off carbon threat to business
(Montel) RWE boss Rolf Martin Schmitz on Tuesday brushed aside a Greenpeace report that suggested rising carbon…
Read moreTrading unit to remain key to BKW in volatile markets – CEO
(Montel) Swiss utility BKW expects its trading unit to play a central role in generating revenues for the…
Read moreMore remote energy trading is likely after pandemic
(Montel) One year after the first lockdown started in Germany – the EU’s biggest power and gas consumer…
Read moreAcer to decide on cross-border balancing rules in 19 states
(Montel) Acer is to decide the market-based process for allocating cross-border power balancing capacity in 19 EU countries…
Read moreGlobal cooperation will lower hydrogen costs – Altmaier
(Montel) Creating global infrastructure for production and transport of green hydrogen will be key to lowering costs…
Read moreFrench power lobby slams Acer for cross-border cost rules
(Montel) New European rules for sharing cross-border power congestion management costs between TSOs would make French consumers…
Read moreItaly may not join EU-wide intraday market until Q4 – Efet
(Montel) Italy is expected to join the European cross-border intraday power trading platform SIDC by October, a delay…
Read moreNordic power futures shed 8% on wetter, milder outlook
(Montel) Nordic power contracts for next month and quarter fell more than 8% on Tuesday morning as…
Read moreCez hedges 89% of 2021 power output at EUR 45.90/MWh
(Montel) Czech utility Cez had hedged 89% of its 2021 power production at an average price of EUR…
Read moreRWE leaves hedges in place as CO2 costs rise
(Montel) RWE has left sales of its future lignite and nuclear generation unchanged relative to the previous…
Read moreOil prices soften on demand concerns, US output
(Montel) Crude oil prices eased in early Tuesday trading, pressured by the prospect of rising US crude output…
Read moreRWE’s trading earnings drop 26% after bumper year
(Montel) RWE’s trading division earnings fell 26% against the prior year’s exceptional performance in 2020, though they…
Read moreBKW posts record operating profit on strong trading, hedging
(Montel) Swiss utility BKW posted a 10% rise in earnings before interest and tax (Ebit) to CHF 475m…
Read moreWeak GO prices due to market design failure – experts
(Montel) Low prices and oversupply in the European guarantee of origin (GO) market are due to a failure…
Read moreVolkswagen places USD 14bn battery order with Northvolt
(Montel) Volkswagen has placed a USD 14bn order for premium battery cells with Sweden's Northvolt, the companies said…
Read moreEU coal terminal stocks slip to fresh 4.5-year low
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have declined to new 4.5-year…
Read morePoland risks slow and painful coal exit – think tank
(Montel) Poland risks a slow and painful transition from coal, and undermining the proposed EU carbon reduction target,…
Read moreSpain Cal 22 power hits 19-month high above EUR 50
(Montel) The Spanish year-ahead power contract hit a 19-month high of EUR 50.50/MWh on Monday following a record…
Read moreEuropean Energy to add 600 MW renewable capacity
(Montel) Danish independent power producer European Energy looked set to add 600 MW of renewable energy capacity in…
Read moreWell-bid coal market could see further gains
(Montel) European coal prices could continue to gain ground this week, in tandem with rising competing gas…
Read moreGas curve extends gains on record-high CO2
(Montel) European gas prices extended gains for a fifth day in a row amid continued growth in…
Read moreEU could start final 2030 CO2 cut talks in March
(Montel) EU negotiators are gearing up to discuss a higher 2030 CO2 cut target before the end of…
Read moreCarbon rises above EUR 43/t on speculative trade
(Montel) Carbon prices rose to another record high in early trading on Monday, as speculative traders continued to…
Read moreOutgoing Statnett CEO defends price area policy
(Montel) Outgoing Statnett CEO Auke Lont has defended the TSO’s rule of dividing Norway into different power price…
Read moreNordic power edges up on higher carbon
(Montel) The Nordic Q2 power contract edged up on Monday as carbon hit a fresh high, while forecasts…
Read morePolish power consumption rises 2.3% in February
(Montel) Polish power consumption rose 2.3% year on year in February to 14.5 TWh, while output at the…
Read moreEuropean LNG terminals expect 3.5bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 3.5bcm this week, potentially bringing imports…
Read moreGerman spot power to jump 12% as wind output wanes
(Montel) German day-ahead power prices were on track to rise around 16% on Monday amid expectations that wind…
Read moreOil prices rise on optimism about economic recovery
(Montel) Crude oil rose early on Monday amid optimism about economic recovery spurring increased oil demand.…
Read moreGermany sees negative power prices amid storm on Sunday
(Montel) Remnants of an extended storm caused another series of negative hourly prices on Sunday in Germany and…
Read moreCarbon leads energy complex higher
(Montel) European carbon allowances extended record high prices on Friday as the energy complex generally rose in…
Read moreSoaring EV sales drive EU’s battery plant push – EC
(Montel) Soaring electric vehicle sales in the EU are driving the need for local factories to produce sustainable…
Read moreEUA outlook remains bullish amid warnings of correction
(Montel) EU carbon may test new highs next week if energy and equity markets continue their rally, market…
Read moreGas front months fall on LNG influx, weaker CO2
(Montel) Front-month gas prices fell on Friday amid an expected LNG influx and lower carbon prices, while spot…
Read moreTransporting hydrogen inflates production costs – analyst
(Montel) High transport costs mean low-carbon hydrogen production, from either renewables or natural gas combined with carbon…
Read moreNordic power curve falls EUR 1 on lower German, CO2 prices
(Montel) Nordic power futures were falling across the board, down more than EUR 1, amid bearish signals…
Read moreFrench spot to gain over EUR 1 next week on cooler outlook
(Montel) French spot power looked set to gain over EUR 1 next week amid cooler temperatures in…
Read moreGerman spot power to rise as green output ebbs
(Montel) Germany’s front-week power contract climbed on Friday on the expectation of lower wind generation, though high…
Read moreFortum hedges 50% of 2022 Nordic output at EUR 31/MWh
(Montel) Finnish utility Fortum had hedged half of its expected power output for 2022 by the end of…
Read moreCrude oil extends gains amid signs of demand recovery
(Montel) Crude oil extended recent gains on Friday on signs a recovery in demand was continuing to gather…
Read moreEurope will be warmer than usual to June – forecaster
(Montel) Most of Europe will stay warmer than usual until the end of June but without the risk…
Read moreItaly to end implicit intraday auction on Switzerland border
(Montel) Italy plans to end its implicit intraday auctions on the border with Switzerland once Italy joins the…
Read moreCoal slips on bearish technicals, weak demand
(Montel) European front-year coal prices fell on Thursday driven by bearish technical signals and muted demand.…
Read moreCarbon CFDs essential for EU green transition – report
(Montel) European governments will need to embrace new instruments to decarbonise industry while shielding it from the…
Read moreTVO repairs cracked valves at Olkiluoto 3 – watchdog
(Montel) Finnish nuclear operator TVO has repaired the cracks on safety valves found last spring at the…
Read more10 years after Fukushima, nuclear battles with green power
(Montel) As Japan mourns the 10-year anniversary of the Fukushima Daiichi nuclear power plant disaster, policymakers across Europe…
Read moreBelgium urges France to rethink 600 MW offshore wind plan
(Montel) Belgium is urging France to reconsider plans for a 600 MW wind farm 11km off Dunkirk on…
Read moreOpec revises up 2021 oil demand outlook but sees challenges
(Montel) Opec has slightly revised up its 2021 oil demand growth outlook, notably for the second half of…
Read moreSouth Korea LNG imports rise 10% in February
(Montel) South Korea’s LNG imports last month rose nearly 10% on the year, as cold weather and…
Read moreGerman front-week power jumps near EUR 2 on waning wind
(Montel) The German front-week power contract gained nearly EUR 2, or 3.6%, on Thursday, as wind forecasts for…
Read moreItaly pledges minimum CO2 cut of 55% by 2030
(Montel) Italy has vowed to cut its carbon emissions by at least 55% by 2030 and allocate EUR…
Read moreGermany needs 100 TWh more green power by 2030 – minister
(Montel) Germany requires 100 TWh more green electricity by 2030 to meet growing demand for cleaner energy…
Read moreGas market trades flat despite cold, record high CO2
(Montel) European gas prices traded sideways on Thursday in a correction to prior rises, with colder weather…
Read moreRWE to build its first floating solar project
(Montel) RWE is developing its first floating solar project with a potential peak capacity of 6.1 MW…
Read moreEni, CDP Equity to develop 1 GW renewable energy in Italy
(Montel) Italian oil firm Eni and holding company CDP Equity have launched a joint venture to develop, build,…
Read moreNordic Q2 power retreats from 1-month high, tracks CO2
(Montel) Nordic Q2 power hit a one-month high of EUR 30.30/MWh on Thursday morning in response to a…
Read moreEx-energy boss to go to jail for CO2 tax fraud
(Montel) Energy consultant Thomas Pilgram will go to jail for more than three years for carbon tax fraud…
Read moreEuropean carbon extends record high above EUR 42/t
(Montel) European carbon prices breached EUR 42/t for the first time early on Thursday, with traders attributing the…
Read moreGas dominates latest UK capacity market auction
(Montel) UK gas units were awarded around 65% of capacity in the country’s <a href="/News/Story.aspx?id=1202313&highlightCsv=">latest capacity market…
Read moreOil prices rise amid signs of increasing US demand
(Montel) Crude oil prices traded in positive territory early on Thursday, buoyed by signs of supply tightness with…
Read moreEuropean LNG demand to fall 11% this decade – Poten
(Montel) European LNG demand may fall by 10m tonnes (13.6bcm) this decade as greater renewable energy uptake erodes…
Read moreMEPs confirm call for carbon levy on power imports
(Montel) MEPs confirmed their call for an EU ETS-linked carbon border adjustment mechanism applied to power imports from…
Read moreCarbon above EUR 41 supports gas
(Montel) European carbon prices remained above EUR 41/t on Wednesday, with speculative buying and strength in US equity…
Read moreBelgian spot power plunges to 10-mth low on stormy weather
(Montel) Belgian day-ahead power hit a 10-month low of EUR 0.25/MWh on Wednesday due to forecasts of…
Read moreGerman power hits fresh 2-year high with record CO2
(Montel) Germany’s benchmark power contract hit a more than two-year high for the second consecutive session on Wednesday…
Read moreRising cost of CO2 thrashes Polish coal plant margins – PGE
(Montel) A surge in the cost of CO2 emissions has hit profit margins at Poland’s coal-fired power plants,…
Read moreOrange signs 20-year solar PPA with Total for 100 GWh/year
(Montel) French telecoms firm Orange has signed a 20-year solar corporate power purchase agreement (PPA) with Total…
Read moreASN “satisfied” with pace of post-Fukushima reactor upgrades
(Montel) France’s nuclear safety authority is generally satisfied with the pace of post-Fukushima safety upgrades at French reactors,…
Read morePolish solar capacity grows to 4.1 GW in January
(Montel) Poland’s installed solar power capacity grew by 163 MW to 4,099 MW in January, TSO PSE said…
Read moreApril gas prices jump to 1-month highs
(Montel) European front-month gas prices rose to one-month highs in early Wednesday trading, riding on the coat-tails…
Read moreEpex Spot may sue Statnett over 1.4 GW UK-Norway cable
(Montel) Paris-based power exchange Epex Spot has threatened to sue Norwegian TSO Statnett over its plans to…
Read moreUK 2024-25 capacity market auction clears at GBP 15-20/kW
(Montel) The UK’s latest power capacity market auction for the 2024-25 delivery year cleared at GBP 15-20/kW,…
Read moreEDPR to launch 20 MW Polish wind farm in Q3
(Montel) Portuguese utility EDP’s renewables unit EDPR plans to start producing power from a 20 MW wind farm…
Read moreNordic power curve rises on colder outlook, strong carbon
(Montel) Nordic power contracts extended gains seen earlier this week amid a colder weather outlook, bullish fuels and…
Read moreNaturgy, Sidenor sign 10-year green PPA in Spain
(Montel) Spanish energy company Naturgy signed a 10-year power purchase agreement (PPA) for 350 GWh per year of…
Read moreOrsted, Aker, Microsoft to develop CCS in Denmark
(Montel) Danish energy group Orsted, IT giant Microsoft and Norwegian industrial group Aker plan to jointly develop carbon…
Read moreCO2 hits record high above EUR 41 as bullishness persists
(Montel) EUAs rose above EUR 41/t for the first time in early Wednesday trading as carbon continued to…
Read moreMEPs back keeping free ETS permits in carbon border tax plan
(Montel) MEPs narrowly voted late on Tuesday to keep free EU ETS allowances for industry in last-minute changes…
Read moreOil prices weaken further on profit-taking
(Montel) Crude oil prices slumped early on Wednesday as market participants continued to take profits following the pre-pandemic…
Read moreCarbon climbs above EUR 40/t
(Montel) Europe’s benchmark carbon price rose more than EUR 1 on Tuesday, exceeding EUR 40/t, with analysts…
Read moreNaturgy trims oil-indexed gas contracts, adds flexibility
(Montel) Spain's Naturgy has renegotiated its long-term gas contracts, cutting take-or-pay volumes by 30% and limiting oil-indexed…
Read moreExport limitation spurs UK biomass plant maintenance
(Montel) Czech utility EPH’s 400 MW Lynemouth biomass-fired plant, in northeast England, is carrying out unplanned maintenance…
Read moreGreen hydrogen more competitive than blue by 2030 – Rystad
(Montel) Green hydrogen projects costs are expected to substantially decline over the coming decade, making the fuel more…
Read morePoland may delay 15-minute balancing to mid-2023
(Montel) Poland plans to launch 15-minute power balancing products in January 2023 at the earliest, but may delay…
Read moreEU needs carbon price corridor to be net-zero – think tank
(Montel) The EU needs carbon price floors and ceilings in the ETS to give the long-term investment certainty…
Read morePost-Fukushima nuclear upgrades incomplete in France – NGOs
(Montel) Ten years after the Fukushima nuclear accident in Japan, EDF has put in place only half of…
Read moreEUAs may test EUR 50/t amid gas price alignment – analysts
(Montel) Carbon prices may rise to as high as EUR 50/t in the coming months, as EUAs catch…
Read moreDemand will absorb Spain’s green power surge – Statkraft CEO
(Montel) An expected surge in renewable energy capacity in Spain could result in “a bit of a bubble”,…
Read moreNorway to see record wind development this year – agency
(Montel) Norway will likely see a record amount of new wind power come online this year before developments…
Read moreGas prices gain amid stronger CO2, power
(Montel) Benchmark front-month gas prices rose slightly on Tuesday, boosted by strength from carbon and German power.…
Read moreEurope’s dry bulk terminals look beyond coal
(Montel) Coal import terminals at Amsterdam, Rotterdam and Antwerp (ARA) are taking steps to weather the terminal…
Read moreItalian power demand, production fall in February
(Montel) Power demand in Italy dropped more than 3% year on year to about 24.85 TWh in February,…
Read moreDenmark needs extra 5 GW offshore wind by 2030 – agency
(Montel) Denmark will need 5 GW more offshore wind capacity to meet future power demand growth from industry…
Read moreNordic Q3 power hits 3-week high on bullish weather, spot
(Montel) Nordic power for delivery in Q3 rose to a three-week high of EUR 29/MWh on Tuesday, taking…
Read moreTotal appoints new president of gas, renewables and power
(Montel) French energy giant Total has appointed Stephane Michel as president of its gas, renewables and power…
Read moreCarbon border tax plan to end free ETS permits splits MEPs
(Montel) A carbon border tax plan which would gradually phase out free ETS allowances to industry has split…
Read moreGerman spot power to sink 20% as wind output trebles
(Montel) German day-ahead power prices looked set to shed around 20% on Tuesday as forecasts suggested a…
Read moreOil prices fall in aftermath of attack on Saudi terminal
(Montel) Crude oil prices fell on Tuesday as output remains unaffected by an attack on a Saudi Arabian…
Read moreGas erases gains as oil prices reverse
(Montel) European gas prices erased early gains and were trading lower on Monday afternoon, taking their cues from…
Read morePost-Brexit UK power spikes could become feature – analyst
(Montel) A decoupling of Britain’s internal and cross-border power trading from European exchanges following Brexit led to persistently…
Read moreGerman lignite plant profitability turns negative – expert
(Montel) Forward profit margins for ageing German lignite-fired power plants have turned negative for the first time,…
Read moreASN probes new welding issues on French EPR
(Montel) France’s nuclear safety authority ASN is examining new welding issues at EDF’s under construction new generation…
Read moreColombia's coal supply to Turkey hits multi-year low in Jan
(Montel) Turkey’s thermal coal imports from Colombia slumped 55% on the year in January to a multi-year…
Read moreGerman power front year briefly touches 4-week high
(Montel) German benchmark power prices touched some of their highest levels in almost four weeks on Monday…
Read moreFrance’s ASN reviews EDF report on EPR valve issues
(Montel) France’s nuclear power safety authority (ASN) on Monday said it was examining the conclusions of a…
Read moreSpanish spot power to slide EUR 5 on bearish France
(Montel) Spanish spot power prices could slide EUR 5 this week, especially over the weekend, as high wind…
Read moreEuropean coal prices slip as demand diminishes
(Montel) European coal prices face further pressure this week on the back of slackening demand and ample…
Read moreNorway outages, bullish energy complex support gas gains
(Montel) European gas prices edged higher on Monday, with Norwegian outages and bullish sentiment from the wider energy…
Read moreAcciona signs 5-year virtual PPA with Brembo in Poland
(Montel) Spanish energy and infrastructure group Acciona signed a five-year virtual power purchase agreement (PPA) with auto…
Read moreUK’s Drax ends commercial coal generation
(Montel) UK independent generator Drax has ended commercial generation at its two remaining 645 MW coal-fired units,…
Read moreNordic futures rise EUR 1 as spot power hits 2-week high
(Montel) Nordic futures contracts rose EUR 1 after the system price hit a two-week high on Monday, though…
Read moreEndesa buys 519 MW Spanish solar portfolio
(Montel) Spanish utility Endesa has bought a solar portfolio with 519 MW of capacity in southern Spain from…
Read moreEuropean LNG terminals expect 3.5bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 3.5bcm this week, potentially bringing imports…
Read moreChinese coal imports slump 40% in Jan-Feb
(Montel) Chinese coal imports slumped 40% in January-February to 41.1m tonnes, the country’s customs data showed on…
Read moreIImatar plans short-term PPAs as long deals “not lucrative”
(Montel) Finnish wind power developer Ilmatar is looking to shorter term power purchase agreements (PPAs) as its typical…
Read moreOil prices top USD 70 amid attack on Saudi installations
(Montel) Crude oil rose past USD 70 for the first time in more than a year early on…
Read moreGerman spot power eyes 2% drop on more wind output
(Montel) German day-ahead power prices were on track to drop over EUR 1 on Monday, as rising wind…
Read moreCarbon trades sideways on muted demand
(Montel) European carbon prices climbed to a fresh one week high above EUR 39/t amid technical support,…
Read moreGerman experts detail wish list for cheaper hydrogen
(Montel) Germany’s next government will need to take a raft of steps, some of them uncomfortable, if…
Read moreFrench spot power jumps EUR 1.50 on colder outlook
(Montel) The French front-week power contract gained more than 4%, or EUR 1.75, on Friday amid a…
Read moreSetting CO2 cut targets "not an exact science" – EC
(Montel) Setting emission-reduction targets was “not an exact science”, European Commission vice president Frans Timmermans said in defending…
Read moreGerman front-year power edges up on higher gas
(Montel) Germany’s front-year power contract traded slightly higher on Friday, as rising gas prices outweighed lower carbon prices…
Read moreCleared coal futures on Ice drop 11% in February – broker
(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange declined 11% on the year…
Read moreGermany set for windy, cool conditions next 4 weeks
(Montel) Elevated wind power and near-seasonal temperatures are expected to rein in German power prices over the…
Read moreGas climbs amid oil rise, colder weather
(Montel) European gas prices inched up amid support from strong oil prices and colder weather on Friday.…
Read moreDomestic demand for UK Regos could rise amid EU GO slump
(Montel) Demand for UK renewable energy guarantees of origin (Regos) could rise, as corporates and consumers demand greater…
Read moreCO2 to trade flat in market characterised by caution
(Montel) EUA prices are likely to continue to trade between EUR 36.50-39/t in the coming week as traders…
Read moreNordic power curve rises on slightly colder outlook, Germany
(Montel) Nordic power futures continued their rise on Friday amid slightly colder weather forecasts, with a stronger…
Read moreGermany offers EUR 2.4bn to firms hit by nuclear exit
(Montel) The German government plans to pay EUR 2.4bn in compensation to utilities affected by the country’s nuclear…
Read moreFrench government to brief unions over EDF restructure
(Montel) French government officials will brief union representatives next week on the status of ongoing talks with the…
Read moreWind to pressure German spot power next week
(Montel) Germany’s front week power contract climbed on Friday amid a downward revision to wind forecasts, though…
Read moreIndonesia cuts March coal price 4% from near 2-year high
(Montel) Indonesia's energy ministry set its March coal reference price at USD 84.49/t, nearly 4% lower than…
Read moreOil rises as Opec leaves output quotas mostly unchanged
(Montel) Crude oil prices rose on Friday as cartel Opec effectively extended its production cuts into April, leaving…
Read moreOpec alliance extends most supply-cut quotas to April
(Montel) Opec and its non-member partners agreed on Thursday to extend most of their current output cut quotas…
Read moreHydrogen network would not reach scale of gas grid – Agora
(Montel) Europe needs a core hydrogen network to reach its decarbonisation targets, but it would not reach the…
Read moreHigher carbon prices logical and needed – ETS architects
(Montel) The recent EU carbon price rises are logical and needed, given the bloc’s climate ambitions, and policymakers…
Read moreCO2 rises on late short-covering
(Montel) European carbon prices erased their early losses and flipped into positive territory on Thursday on a late…
Read moreDanish part of Nord Stream 2 will be ready by Sept – agency
(Montel) Works on the Danish section of Gazprom's 55bcm Nord Stream 2 gas pipeline linking Russia and Germany…
Read moreFinnish TSO extends trading power up to delivery for a year
(Montel) Finnish TSO Fingrid has extended a pilot scheme allowing intraday trading up to the delivery hour for…
Read moreGerman power prices weaken as carbon retreat continues
(Montel) German power curve contracts fell on Thursday, dampened by weaker carbon prices and bearish near-term pressure.…
Read moreBelarus nuclear plant making progress on safety – EU experts
(Montel) A controversial new nuclear plant in Belarus has made progress on safety according to a preliminary peer…
Read moreNetherlands sees net power exports for first time in decades
(Montel) The Netherlands became a net annual power exporter for the first time in 39 years last year,…
Read moreGas front months rise on injection demand
(Montel) Front-month contracts on the European gas market were rising on Thursday amid the prospect of greater demand…
Read moreEUAs slide on profit-taking, weaker gas
(Montel) Carbon EUA prices dropped below EUR 37/t on Thursday morning on profit-taking and amid declining natural…
Read moreCold weather outlook buoys Nordic power prices
(Montel) Nordic power futures edged higher on Thursday as some forecasts pointed to colder-than-normal weather – and a…
Read moreNewcastle coal index hits 2-year high
(Montel) Pacific basin benchmark coal prices have risen to two-year highs, underpinned by aggressive bidding activity and…
Read moreOil prices soften ahead of Opec meeting
(Montel) Crude oil prices reversed early gains on Thursday ahead of a key meeting of Opec and its…
Read moreGerman spot power set to fall 4% on rising solar, imports
(Montel) German day-ahead power looked set to fall almost 4% on Thursday as forecasts called for a…
Read moreGas trading boosts Uniper’s trading earnings by 73% in 2020
(Montel) German utility Uniper’s trading unit posted a 73% year-on-year increase in 2020 adjusted earnings before interest and…
Read moreUniper hedges 95% of 2022 output at EUR 50/MWh
(Montel) German utility Uniper increased its forward sales of 2022 German power generation by 45 percentage points in…
Read moreUniper’s 2020 earnings rise 16% on strong gas trading
(Montel) German utility Uniper’s adjusted earnings before interest and tax (Ebit) rose 15.6% last year to EUR 998m…
Read moreGas nears three-month low on higher volumes
(Montel) Front-month gas prices on the Dutch TTF reached their lowest levels in almost three months on…
Read moreFrench watchdog outlines safety issues at Flamanville plant
(Montel) France’s ASN nuclear safety authority expressed concerns on Wednesday over “shortfalls” in EDF’s crisis-handling capabilities at…
Read moreUK spending plans fall short of climate targets – critics
(Montel) UK chancellor Rishi Sunak reiterated the government’s commitment to a green energy transition in his budget on…
Read moreMore renewables could curb Polish power prices 5% by 2030
(Montel) Polish power prices could fall 5% by 2030 if the country raised its renewable energy ambitions from…
Read moreFrench power demand slumps to multi-year low in 2020 – TSO
(Montel) French power demand hit its lowest level since at least the financial crisis of 2009 last year,…
Read moreGerman power curve eases amid windier weather outlook
(Montel) German power prices eased along the curve on Wednesday amid expectations of more wind generation and…
Read moreRussian coal exports jump 16% in Feb amid higher prices
(Montel) Russian coal exports in February rose 16% on the year to 0.52m tonnes/day, as higher global…
Read moreSwedish TSO hikes grid, IT investments by 35%
(Montel) Swedish TSO Svenska Kraftnat said on Wednesday it expects to use SEK 23.3bn (EUR 2.3bn) on grid…
Read moreNuclear opponents criticise EDF reactor extension approval
(Montel) French nuclear opponents have criticised the decision by France's ASN nuclear safety to allow EDF’s nuclear reactors…
Read moreUK’s Drax to stop commercial coal generation this month
(Montel) UK independent generator Drax is on course to halt commercial generation at its two remaining 645…
Read moreFrench prompt power falls EUR 1 on stronger wind outlook
(Montel) French prompt power prices tumbled more than EUR 1 early on Wednesday amid forecasts for more…
Read moreNordic power futures dip on more bearish weather outlook
(Montel) Nordic front power edged down on Wednesday on more bearish weather forecasts – not as cold and…
Read moreSpain generation tax not incompatible with EU law – court
(Montel) The EU’s Court of Justice has cleared Spain’s controversial 7% tax on power generation in a ruling…
Read moreEstonian utility to build 40 GWh/year wind farm in 2023
(Montel) Enefit Green, a subsidiary of Estonian energy group Eesti Energia, will proceed to build the Purtse onshore…
Read moreOil prices firm as market awaits more Opec supply
(Montel) Crude oil prices edged higher early on Wednesday as market participants expected Opec and its Russia-led partners…
Read morePolish solar capacity reaches 3.9 GW in 2020 – TSO
(Montel) Poland’s installed solar power capacity reached around 3,936 MW last year, more than triple the level seen…
Read moreGerman spot power eyes 2% drop as wind output doubles
(Montel) German day ahead power prices looked set to fall around 2% on Wednesday as forecasters expected…
Read moreOpposition may delay Belgium gas plants – former official
(Montel) Plans to build new gas-fired power plants in Belgium to avert a supply squeeze after 2025…
Read moreEurope can develop liquid hydrogen markets by 2030 – EEX
(Montel) Europe may develop the first liquid hydrogen markets by 2030 and has the potential to set a…
Read moreCarbon rises on technical correction
(Montel) European carbon prices rose on Tuesday as market participants began to price in a technical correction following…
Read moreUK 2021-22 capacity market auction clears at GBP 45-50/kW
(Montel) The UK’s latest capacity market auction for the 2021-22 delivery year cleared at GBP 45-50/kW, according…
Read moreIce risk to Russian coal exports subsides
(Montel) The risk of ice deterring Russian coal exports from east Baltic ports has subsided somewhat, although…
Read moreBNA to examine grid relevance of 2 RWE coal units (1.6 GW)
(Montel) German energy regulator BNA is set to examine whether RWE’s Ibbenbueren (794 MW) and Westfalen E (764…
Read moreGerman front-year power trades flat on lacklustre CO2, gas
(Montel) The German front-year power contract was trading range-bound on Tuesday, tracking similar moves in European gas…
Read moreGermany opens 2.5 GW tender for coal closures in 2022
(Montel) Germany’s energy network regulator has opened its third hard coal-exit tender for bids to close a further…
Read moreEC launches state aid probe into German lignite exit
(Montel) The European Commission has launched an in-depth investigation into Germany’s lignite exit scheme, casting doubt that the…
Read moreSouth Africa coal exports hit multi-year low in Jan
(Montel) South Africa’s thermal coal exports in January slumped to a multi-year low of just 3.7m tonnes…
Read moreGas range-bound as supply gains offset cool outlook
(Montel) European gas prices traded mostly sideways on Tuesday, as improving supplies offset the implications of cooler…
Read moreLithuania proposes new plan for Baltic-Russian power trade
(Montel) Lithuania proposed on Tuesday a new plan to ensure power generated by a controversial nuclear reactor in…
Read moreCross-border PPAs face number of hurdles – analysts
(Montel) Cross-border PPAs pose a number of hurdles for renewable producers and off-takers alike, with legal, political…
Read moreGrid, permit issues main challenges for PPAs – BayWa
(Montel) Problems with grid connections and permits for new renewable projects are the main challenges for Europe’s power…
Read moreNordic power futures jump EUR 1 on cold weather outlook
(Montel) Nordic power futures rose across the board – with the front up more than EUR 1…
Read moreEU’s carbon emissions dive 10% in 2020 on virus – IEA
(Montel) Annual EU carbon emissions dived 10% year on year in 2020 amid multiple restrictions and lockdowns imposed…
Read moreOil falls amid concerns Opec may raise output
(Montel) Oil was falling on Tuesday amid jitters ahead of a key Opec meeting on Thursday, with concerns…
Read moreCO2 drifts on mixed signals as UK ETS launch looms
(Montel) European carbon prices were little changed on the day in late Monday trading as the prospect…
Read moreAnalysts neutral on carbon after fresh February record
(Montel) European carbon allowances were likely to trend sideways in March as a mix of factors balanced…
Read moreLNG influx to pressure UK gas prices in March
(Montel) UK gas prices will likely come under more pressure this month as LNG supplies grow and…
Read moreGerman power may slide EUR 7 in March on more wind, solar
(Montel) German day-ahead power prices could fall around EUR 7 this month due to a pick-up in wind…
Read moreNordic spot power set to dive EUR 15 this month
(Montel) Nordic spot power prices should dive nearly EUR 15 this month to average around EUR 32-35/MWh,…
Read moreUK spot power soars to nearly GBP 500/MWh in evening peak
(Montel) UK power for delivery at 18:00-19:00 GMT on Tuesday hit almost GBP 500/MWh – the highest…
Read moreFrench spot power jumps EUR 5 as wind output slides
(Montel) French day-ahead power prices jumped EUR 5 on Monday amid a lower wind generation outlook.…
Read moreGas prices increase on colder forecasts
(Montel) European gas prices increased on the back of slightly colder weather forecasts on Monday.…
Read moreWaning demand to offset coal supply tightness in March
(Montel) European coal prices will likely weaken further in March amid waning generation demand, although near-term supply…
Read moreFrench nuclear output slumps to 4-month low in February
(Montel) France’s nuclear output last month fell to a four-month low of 30.2 TWh amid reactor maintenance, reduced…
Read moreNordic front power trades sideways on mixed signals
(Montel) Nordic power futures edged up on Monday in the wake of losses in Germany late on Friday,…
Read moreRWE’s Triton Knoll wind farm starts supplying UK grid
(Montel) German utility RWE has delivered the first power flows from its unfinished 857 MW Triton Knoll…
Read moreEuropean LNG terminals expect 2.7bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 2.7bcm this week, while early estimates…
Read morePolitics may delay UK linking market to EU ETS – experts
(Montel) The UK and EU could link their emissions markets quickly from a technical perspective but political factors…
Read moreItalian TSO sells 927 MW of demand response contracts
(Montel) Italian TSO Terna has sold 926.8 MW of electricity demand response contracts offered for March in a…
Read moreOil prices rise on US stimulus hopes ahead of Opec+ meeting
(Montel) Crude oil gained more than USD 1 early on Monday ahead of an oil-producer meeting on Thursday…
Read moreUK GO prices poised to recover – consultant
(Montel) Prices for renewable energy guarantees of origin (Regos) in the UK will rise steadily over the next…
Read moreCoal curve softens on faltering demand
(Montel) European coal prices continued to draw some support in Friday trading from persisting supply concerns, yet…
Read morePoland's Orlen buys 3 onshore wind farms (89 MW)
(Montel) Polish energy firm Orlen has struck a deal to buy three onshore wind farms totalling 89 MW…
Read morePower firms, industry at odds over ETS reforms
(Montel) Power companies seeking swift EU ETS reforms to smooth carbon price rises face opposition from industrial users…
Read moreFrench spot to rise 15% next week on low wind
(Montel) French spot power prices looked set to gain nearly 15% next week amid a drop in…
Read moreIce to launch UK ETS auctions and futures trading on 19 May
(Montel) The UK will hold its first auction of UK emissions allowances (UKAs) on 19 May, Ice Futures…
Read moreRisk of cold German March abates – forecasters
(Montel) A risk of freezing weather reappearing in Germany in March has further abated, with forecasters on…
Read moreUK gas prices rise on short system, low wind
(Montel) Gas prices in the UK rose on Friday amid a short gas system and low wind power…
Read moreEUAs set to continue consolidation
(Montel) EUAs are set to continue their consolidation below EUR 40/t next week, as compliance demand is expected…
Read moreUS interference may deepen EU’s use of Russian gas
(Montel) US efforts to encourage less European dependence on Russian gas may on the contrary achieve the…
Read moreEU grid split on 8 January had no price impact – Entso-e
(Montel) The European power-grid split on 8 January which interrupted around 1.7 GW of supply in France and…
Read moreEngie warns Texas storm may cause up to EUR 120m in losses
(Montel) French energy company Engie warned on Friday its assets in Texas may have suffered losses of…
Read moreGermany opens 958 MW offshore wind tender
(Montel) Germany’s energy regulator on Friday started the tender process for three offshore wind farms with a combined…
Read moreNordic power front futures edge up on drier weather outlook
(Montel) Nordic power futures traded higher on Friday as weather forecasts pointed to somewhat drier conditions for the…
Read moreUK coal usage plunges 20% to record low in 2020 – ministry
(Montel) UK coal consumption for power generation slumped 20% on the year to a record low of…
Read moreEngie writes down Belgian assets by EUR 2.9bn
(Montel) Engie has written down its Belgian nuclear assets by EUR 2.9bn, due to the planned closure of…
Read moreGerman spot power set to rise 13% next week on less wind
(Montel) German spot power prices looked set to climb 13% next week as forecasts pointed to a…
Read moreOil prices soften on profit-taking, firm US dollar
(Montel) Crude oil prices softened in early trading on Friday, with analysts citing some profit-taking and a buoyant…
Read moreEngie hedges 80% of 2021 output at EUR 46/MWh
(Montel) Engie had hedged 80% of its expected 2021 European power production at EUR 46/MWh and 47% of…
Read moreEU border carbon levy could be paid with “virtual” EUAs
(Montel) Europe’s proposed carbon border adjustment mechanism (CBAM) could require importers to buy “virtual” carbon allowances representing the…
Read moreOrsted, EDF and Engie urge EU ETS carbon price floor
(Montel) Major European power generators Orsted, EDF and Engie have called for carbon price floors in their responses…
Read moreIce to shift EUA trading to the Netherlands on June 7
(Montel) Ice Futures plans to move its EUA and EU aviation allowance futures and options contracts to Netherlands-based…
Read moreItalian operators push for “market parity” GOs
(Montel) Italian operators are pushing for a new type of guarantee of origin (GO) category linked to market…
Read moreCarbon declines amid profit-taking
(Montel) European carbon prices dropped on Thursday, as investors took profits after the Dec 21 EUA rose to…
Read moreShell acquires Next Kraftwerke to expand green power assets
(Montel) Oil and gas major Shell has fully acquired Cologne-based Next Kraftwerke, the German distributed renewable energy coordinator…
Read moreGerman energy reform to hamper wind power expansion – lobby
(Montel) Recent reforms to Germany’s renewables energy act (EEG) put the country at risk of missing out on…
Read moreGerman front-week power jumps EUR 2 on wind plunge
(Montel) German power for delivery next week jumped more than EUR 2 on Thursday as wind output could…
Read moreGazprom’s Baltic LNG export hub delayed until Q4
(Montel) Russian energy firm Gazprom expects to begin operations at its 2bcm/year Portovaya LNG project, on the…
Read morePortuguese EDP plans to add 20 GW renewables by 2025
(Montel) Portuguese utility EDP aims to spend EUR 19bn on installing 20 GW of new green capacity…
Read moreLNG demand may double by 2040 – Shell
(Montel) Global LNG demand will likely double over the next two decades to 700m tonnes (952bcm), spearheaded…
Read moreFrench watchdog lays out conditions for ageing reactors
(Montel) France's ASN nuclear safety authority wants utility EDF to better protect its oldest nuclear reactors against…
Read moreWeather Company revises Europe's March outlook to mild
(Montel) US-based forecaster The Weather Company has revised its outlook for March to milder than average in all…
Read moreDutch install most wind in 2020 but overall growth falls 6%
(Montel) The Netherlands installed the most wind power capacity in Europe last year, though overall growth dropped…
Read moreReform UK capacity market to meet climate goals – think tank
(Montel) The UK government should reform the country’s capacity market to prioritise renewables over new gas-fired power plants,…
Read moreNordic front power hits 8-week low on mild weather
(Montel) Nordic power futures close to delivery fell in response to low spot prices and mild weather…
Read moreNewcastle coal index weakens as supply constraints slacken
(Montel) Asia’s benchmark coal price has fallen 7% in the past week as supply constraints that supported…
Read moreGIG, Danone sign PPA for 25 MW of wind power in Poland
(Montel) Green Investment Group signed a 10-year physical power purchase agreement (PPA) with food conglomerate Danone for the…
Read moreAnglo American to exit thermal coal production by 2024
(Montel) Anglo American plans to exit thermal coal production by 2024, slightly later than previously planned, amid…
Read moreFrance’s oldest nuclear reactors can run 10 more years – ASN
(Montel) France's ASN nuclear safety authority has approved extending the lifespan of the country's oldest nuclear reactors…
Read moreCentrica trading unit profits up 26% on LNG performance
(Montel) UK utility Centrica’s energy marketing and trading unit posted an adjusted operating profit of GBP 174m…
Read moreUK generator Drax rules out new gas-fired power
(Montel) UK independent generator Drax will not develop new gas-fired power in the country and focus on renewables,…
Read moreOil hits fresh pre-pandemic highs on demand recovery hopes
(Montel) Oil prices climbed to fresh 13-month highs early on Thursday, amid some signs that demand for crude…
Read moreUS remains largest investor in coal – report
(Montel) US investors account for nearly 60% on all institutional investments in the global coal industry, with…
Read moreGerman spot power set to rise 6% as wind, solar output drop
(Montel) German day-ahead power looked set climb almost EUR 3 on Thursday as forecasts called for a sharp…
Read moreAlpiq's 2020 earnings rise to EUR 153m on hedging, trading
(Montel) Swiss utility Alpiq posted 2020 earnings before interest and taxes (Ebit) of CHF 169m (EUR 153.2m) on…
Read moreUK ETS prices could begin trading at close to EUAs – traders
(Montel) UK carbon allowances will likely trade close to EUA levels when the market launches, as compliance entities…
Read moreGas prices continue fall as no sign of wintry weather
(Montel) European gas contracts were falling on Wednesday as forecasts for mild weather continued to weigh on the…
Read moreHigh renewables auction prices may aid Iberdrola – CEO
(Montel) High green-auction prices are due to participation from oil companies, as happened in the UK, but they…
Read morePGE could be forced to close Turow plant (2 GW) over lawsuit
(Montel) Polish power utility PGE could be forced to close its 2 GW coal-fired power plant Turow if…
Read morePower price recovery to buoy European PPAs – Enervis
(Montel) A recovery in forward power prices across Europe has lifted the prospect for power purchase agreements…
Read moreRussian, Baltic wood pellet supply drops on weak demand
(Montel) Russian wood pellet production, predominantly for use in power generation, declined 5% on the year in…
Read morePandemic has not dented investment in Italian green energy
(Montel) The coronavirus pandemic has not dented the appetite for investments in Italy’s renewable energy sector, despite a…
Read moreGazprom reappoints head Alexey Miller for new 5-year term
(Montel) Russian energy firm Gazprom’s board of directors has reappointed chairman Alexey Miller for a further five-year term…
Read moreIberdrola sells 70% of 2021 generation with PPAs
(Montel) Iberdrola has hedged all its electricity production for this year, 70% through long-term contracts, the Spanish utility…
Read moreNext EU climate law talks to continue on 12 March
(Montel) Talks to agree the draft EU climate law, which includes a new 2030 CO2 cut target, are…
Read moreFrench spot soars EUR 10 on low wind, nuclear outages
(Montel) French day-ahead power prices surged EUR 10 on Wednesday amid low wind generation and extended outages…
Read moreEndesa “surprised” by low prices in Spanish green tender
(Montel) Spain’s recent green tender resulted in surprisingly low prices, according to Endesa’s CEO, who estimated they would…
Read moreLNG may fuel third of marine transport by 2050 – report
(Montel) LNG could account for 33% of the global bunker fuel market by 2050, from 3% at…
Read moreFront-month gas prices edge down as winter ebbs away
(Montel) European gas prices softened slightly in Wednesday trading amid a milder weather outlook, with no cold…
Read moreNordic hydrogen boom to lift power use 20 TWh, prices EUR 4
(Montel) A surge in the development of hydrogen across the Nordics could boost regional power consumption by more…
Read moreNordic power falls on “fears” of wet, mild end to winter
(Montel) Nordic power futures fell on Wednesday extending the large spread to German prices, amid “fears” of a…
Read moreGas’s share of global energy mix may reach 28% by 2050
(Montel) Gas may increase its share of the global energy mix to 28% by 2050, from less…
Read moreTauron to write down EUR 654m on coal plants and mines
(Montel) Polish utility Tauron plans to write down EUR 654m of its 4 GW coal-fired plant fleet and…
Read moreHeatwave impact on French nuclear output doubles to 3 TWh
(Montel) Last year’s heatwave and low river levels caused by drought conditions cut French nuclear output by…
Read moreWintershall Dea increases gas hedging volume for 2021
(Montel) German oil and gas producer Wintershall Dea increased its gas hedging price and volume for 2021…
Read moreGerman spot power to rise as wind output wanes
(Montel) German day ahead power prices looked set to rise on Wednesday as forecasters expected wind energy…
Read moreOnly Germany has legal right to stop Nord Stream 2 – EC
(Montel) Only Germany has the legal right to stop Russia’s Nord Stream 2 gas pipeline project from being…
Read moreTech, digitalisation to drive green energy costs lower
(Montel) A drive to digitalise renewable energy will be key in cutting production costs and attracting new investments…
Read moreReported rise in US crude inventories weighs on oil prices
(Montel) Oil prices traded flat to lower early on Wednesday after the American Petroleum Institute (API) reported late…
Read moreUniper eyes hydrogen trading hub in Hamburg – report
(Montel) German utility Uniper plans to establish a trading hub for hydrogen in northern Germany’s harbour city Hamburg,…
Read moreCoal climbs on tight supplies
(Montel) European coal prices firmed on Tuesday as the market continued to factor in support from the supply…
Read moreFrance to miss 2023 wind, solar targets – lobby
(Montel) France will miss its target to have 44.2 GW of onshore wind and solar power capacity installed…
Read moreItaly needs renewables approval “certainty” – experts
(Montel) Italy needs “certainty” in its authorization process for renewable projects to meet its energy targets, speed up…
Read morePhysical coal prices hit 2-year high as spot supply tightens
(Montel) European physical coal prices have risen to their highest levels in two years amid tightening regional…
Read moreEnagas plans up to EUR 6.3bn H2 investment by 2040
(Montel) Enagas plans to invest EUR 4.2bn-6.3bn in European green-hydrogen infrastructure between 2025 and 2040, including transport and…
Read moreGas prices rebound from 2-month lows
(Montel) Forward gas prices in Europe and the UK rebounded off some of their lowest levels in…
Read moreH2 Green Steel plans 800 MW hydrogen plant in Sweden
(Montel) Swedish company H2 Green Steel (H2GS) plans to build a large green-hydrogen plant (800 MW) in northern…
Read moreNordic power rebounds on colder outlook
(Montel) Nordic power futures rebounded from heavy losses in the prior session on Tuesday with forecasts indicating a…
Read moreRP Global to develop 1 GW Polish wind and solar
(Montel) Renewable energy developer RP Global is set to develop 1 GW of wind and solar capacity in…
Read moreCzech suit may threaten Polish Turow power plant (2 GW)
(Montel) The Czech Republic wants the European Court of Justice (ECJ) to order a halt to coal extraction…
Read moreFormer energy minister to lead Norway’s wind lobby
(Montel) Norwegian wind power lobby group Norwea has hired the country’s former energy minister Aaslaug Haga as new…
Read moreGerman spot power to drop EUR 5 as renewables surge
(Montel) German day-ahead power prices looked set to drop over EUR 5 on Tuesday as forecasts suggested peak…
Read moreCrude oil rises USD 1 on improving economic outlook
(Montel) Crude oil prices were rising on Tuesday – with Brent jumping EUR 1 – as an improving…
Read moreCIP plans 1 GW ammonia plant in Denmark
(Montel) Copenhagen Infrastructure Partners plans to build Europe’s largest plant for ammonia production in Esbjerg, Denmark, by 2026,…
Read moreCO2 continues fall on spring-like weather
(Montel) European carbon prices were extending the previous session’s losses on Monday, dragged down by milder forecasts, which…
Read morePolish solar capacity set to hit 5 GW by end June – experts
(Montel) Poland’s installed solar capacity could reach around 5 GW by the end of June, which would help…
Read moreNord Stream 2 to remain “irritant” despite imminent finish
(Montel) Russia’s Nord Stream 2 gas pipeline to Germany is likely to remain contested even if it…
Read moreGerman Cal 22 power slumps as carbon price slides
(Montel) The German front-year power contract fell on Monday, taking a cue from a sharp drop in…
Read moreS African rail shipments for export cut by 20% – operator
(Montel) A lack of locomotives and a spate of thefts has contributed to a near 20% reduction…
Read moreSpanish spot power to rise on less wind, hydro
(Montel) Spanish spot power prices could rebound this week on expected declines in wind and hydro supply, which…
Read moreGas prices fall on milder weather outlook
(Montel) European prompt gas contracts continued to shed value on Monday, with mild temperatures expected to limit heating…
Read moreCoal market set for supply-side support
(Montel) European coal prices could rise further this week, underpinned by threats to Russian and South African…
Read moreNordic power slides EUR 2 to 7-week low on mild outlook
(Montel) Nordic power futures dived more than EUR 2 on Monday to their lowest levels since early January…
Read more1 GW of solar could be added to Spanish wind – experts
(Montel) Up to 1 GW of solar capacity could be installed at Spanish wind farms by 2025, experts said.…
Read moreGerman spot power to drop on more wind
(Montel) German day-ahead power prices were on track to fall nearly EUR 4 on Monday amid expectations…
Read moreOil prices rise amid slow US recovery from cold weather
(Montel) Crude oil gained early on Monday due to a slow recovery from weather-related disruptions in US…
Read moreEni sets carbon neutrality target for 2050
(Montel) Italian energy company Eni on Friday announced a net-zero emissions target for 2050 and said it would…
Read moreRussian coal exports to Europe via Riga plunge nearly 100%
(Montel) Russian coal exports to Europe via Riga plunged to just 4,000t last month, as increased domestic…
Read moreSigns carbon market could rally further
(Montel) Carbon is likely to continue consolidating below EUR 40/t in the coming week, though there are also…
Read moreGerman power curve softens as cold risks wane
(Montel) Forward German power prices softened amid thin trading volumes on Friday as longer-term forecasts discounted the…
Read moreLow gas storage won’t necessarily drive up prices – analysts
(Montel) A surge in winter demand has plunged German gas storage levels to their lowest in around three…
Read moreGas prices fall on healthy LNG availability, mild weather
(Montel) European gas prices fell on the back of milder temperatures and healthy LNG availability, although still…
Read moreNordic power curve rises on colder outlook, Germany
(Montel) Nordic power futures rose for the second consecutive session on a slightly colder outlook coupled with…
Read moreRWE agrees LNG supply deal with Australia’s Woodside
(Montel) RWE will purchase 0.84m tonnes of LNG (1.14bcm) from Australia’s Woodside under a seven-year supply deal…
Read moreBelgium not fit for large-scale green hydrogen – Engie
(Montel) Belgium would be unable to produce enough renewable energy to accommodate large-scale green hydrogen plants, French…
Read moreEDF confirms La Hague site for nuclear waste pool – report
(Montel) EDF will build a new radioactive waste pool at La Hague on the northwest channel coast, aimed…
Read moreEni posts EUR 742m net loss in 2020 on virus “demand shock”
(Montel) Italian energy company Eni posted a full-year adjusted net loss of EUR 742m due to a…
Read moreRWE hit by USD 9,000 Texan prices amid wind output stop
(Montel) Prices spikes of up to USD 9,000/MWh in Texas due to power outages amid a spell of…
Read moreGerman PPA portfolios grow as subsidies expire
(Montel) Green power asset managers are building up portfolios of power purchase agreements (PPAs) to counter the effect…
Read moreCO2 trades flat but set to climb higher
(Montel) European carbon prices were trading flat on Thursday, consolidating around the previous session’s close in a tight…
Read moreEU better prepared than Texas for extreme weather – experts
(Montel) The EU is better prepared to cope with extremely cold weather conditions than Texas, where power prices…
Read moreGreen hydrogen lags 10 years behind biogas – lobby
(Montel) Biogas technology in Europe is 10 years ahead of green hydrogen but lacks government support, said the…
Read moreNordic TSOs expect 39% rise in power use by 2030
(Montel) Nordic power consumption could hit 525 TWh in 2030, or 39% higher than in 2020, according to…
Read moreVattenfall, Mittal and 2 others sue EDF over power contract
(Montel) Four firms, including Vattenfall and ArcelorMittal, have taken legal action against EDF over deliveries of power…
Read moreEngie to test gas-to-hydrogen swap in chemical sector
(Montel) French energy major Engie will partially replace natural gas with hydrogen to fuel a gas turbine at…
Read moreEuropean GO demand growth likely to exceed 15% in 2021
(Montel) European demand for guarantees of origin (GOs) will likely exceed average growth of 15% this year as…
Read moreEDF "secure" until 2023 without restructure – Levy
(Montel) French utility EDF is “secure” until the end of 2022, the firm’s CEO Jean-Bernard Levy told investors…
Read moreDiminishing storage levels underpin gas prices
(Montel) European gas prices drew support on Thursday from eroding storage levels, lingering weather concerns, supportive technical…
Read moreNaturgy, Gestamp sign 10-year green PPA in Spain
(Montel) Spanish energy company Naturgy signed a 10-year power purchase agreement (PPA) for 203 GWh per year of…
Read moreNew Norway ammonia plant will consume 4 TWh/year – Statkraft
(Montel) Statkraft and two other Norwegian companies are planning to build Europe’s first large-scale green ammonia plant in…
Read moreNordic power futures rebound on colder outlook
(Montel) Nordic power futures rose across the board on Thursday after falling around EUR 2 in the prior…
Read moreEni to buy 140 MW solar projects in Spain from X-Elio
(Montel) Italy’s Eni will buy three solar projects for a total capacity of 140 MW in southern…
Read moreCoronavirus curbs Edison’s power, gas demand in 2020
(Montel) Italian energy company Edison’s power and gas demand fell in 2020 due to the coronavirus crisis, but…
Read moreBaltic coal vessel rates surge as ice thickens
(Montel) Vessel rates for coal loading at Baltic ports have surged to multi-year highs over the past…
Read moreNewcastle coal index slips as recovery wanes
(Montel) Asia’s benchmark coal price has eased 2% in the past week as the tightness that characterised…
Read more732 MW Dutch offshore wind farm is fully operational – Eneco
(Montel) The Dutch offshore wind farm Borssele 3 and 4 (731.5 MW) is now fully operational following…
Read moreVattenfall has no plans to exit retail like rivals – CEO
(Montel) Vattenfall sees great benefits from remaining an integrated company and has no plans to exit retail like…
Read moreNewcastle coal terminal outage extended until Q4 – operator
(Montel) Infrastructure damage at one of the Australian port of Newcastle’s three coal export terminals will limit…
Read moreEngie, Equinor mull low-carbon hydrogen project
(Montel) European energy majors Equinor and Engie are teaming up to develop a “low-carbon” hydrogen project made…
Read moreEDF’s earnings plunge 43% due to EUR 1.5bn virus impact
(Montel) EDF's earnings before interest and taxes plummeted nearly 43% to EUR 3.9bn in 2020, weighed down…
Read moreStatkraft’s trading unit sees 19% drop in 2020 profit
(Montel) Norway’s Statkraft on Thursday posted an operating profit of NOK 2.5bn (EUR 244m) from its market operations…
Read moreBrent crude rises above USD 65/bbl to pre-pandemic high
(Montel) Oil prices rose to fresh 13-month highs early on Thursday as weather-related disruptions in US crude production…
Read moreCarbon slips on higher temperatures
(Montel) European carbon prices eased on Wednesday, as average temperatures rose and renewables output increased. …
Read moreRussia, Asia to shape European coal prices – analyst
(Montel) Europe’s coal prices were likely to turn increasingly volatile in the coming years as Russia and…
Read moreItalian prime minister reiterates commitment to green energy
(Montel) New Italian prime minister Mario Draghi on Wednesday reiterated the country’s commitment to renewable energy.…
Read moreNorsk Hydro slams EU plan for carbon import tax
(Montel) EU plans to apply a carbon tax to imports would not prevent carbon leakage for energy intensive…
Read moreSpanish gas could fall EUR 4 in Q2, Q3 – traders
(Montel) Spanish spot gas prices could fall around EUR 4 in the coming two quarters amid expectations that…
Read moreGreen firms most resilient to pandemic downside – S&P
(Montel) Utilities most exposed to renewables will perform better than those reliant on commodity-linked generation in terms of…
Read moreGreen hydrogen can be viable at EUR 38/MWh – HyDeal
(Montel) The spokesman behind the green hydrogen project HyDeal expects to make large-scale green hydrogen production economically…
Read moreGas prices rise amid Norwegian cuts, LNG concerns
(Montel) European gas prices rose on Wednesday after Norwegian gas flows dropped overnight by more than 10% and…
Read moreEnergy sector CEOs braced for decarbonisation drive in 2021
(Montel) Europe is likely to see an accelerated drive to decarbonise the continent’s economy amid the recovery from…
Read moreStatkraft, Aquila agree 5-year solar PPA in Spain
(Montel) Norwegian power producer Statkraft has signed a five-year solar power purchase agreement (PPA) with investment management…
Read moreGerman spot power to ease amid robust wind output
(Montel) German day ahead power prices looked set to ease on Wednesday as forecasters tipped a continuation…
Read moreItaly’s Edison raises renewable installed capacity to 1 GW
(Montel) Italy’s Edison raised its renewable installed capacity to 1 GW after completing the acquisition of a 70%…
Read moreOil trades firmer as market assesses US disruptions
(Montel) Oil prices traded a shade firmer early on Wednesday as market participants assessed weather-related disruptions in some…
Read moreCO2 prices rise amid vaccine hopes, bullish complex
(Montel) European carbon prices rose on Tuesday amid hope for an economic recovery, as global coronavirus vaccine programmes…
Read moreGerman coal plants unprofitable as cold, gas prices ease
(Montel) German coal plants are set to become unprofitable as milder weather is leading to a slump in…
Read moreNasdaq Clearing appeals Swedish EUR 30m fine
(Montel) Nasdaq Clearing has appealed the Swedish Financial Supervisory Authority’s decision to fine the clearing house SEK 300m…
Read moreBrexit hits British, Irish interconnector flows
(Montel) The UK’s exit from the EU last year led to reduced electricity interconnector flows between Britain and…
Read moreGermany’s CDU wants clean power for industry at EUR 20/MWh
(Montel) Germany should massively expand renewable energy and rearrange the way it is financed to cut power…
Read moreUK link to lift Nordic power in Q4 – analysts
(Montel) Nordic power futures have failed to price in the launch of a 1.4 GW power cable from…
Read moreGas prices rebound in response to US gains due to cold
(Montel) European gas prices rebounded on Tuesday in response to surging US prices caused by unusually cold…
Read morePandemic brings TTF global benchmark status – Trayport
(Montel) The coronavirus pandemic has hastened numerous trends in energy markets – not least the global rise…
Read moreTSOs mull offering new cross-border capacity block bid
(Montel) TSOs are looking at offering new "block bid" long-term power transmission rights for cross-border capacity if the…
Read moreIberdrola proposes 300 MW Spanish offshore wind
(Montel) Iberdrola is seeking to develop 300 MW of floating wind power in Spain, although the project is…
Read moreBelgian LNG terminal capacity to almost double by 2026
(Montel) The regasification capacity at Belgium’s LNG terminal is expected to rise by 6.4bcm/year in 2024 and another…
Read morePoland caps offshore wind price at EUR 67.18/MWh
(Montel) Poland’s government will cap the price for new offshore wind power capacity at PLN 301.5/MWh (EUR 67.18/MWh),…
Read moreGerman spot power to drop 7% on more wind
(Montel) German day-ahead power prices looked set to fall below EUR 50/MWh on Tuesday as forecasts pointed to…
Read moreOil prices hover near 13-month highs as supply tightens
(Montel) Oil prices drifted higher early on Tuesday, hovering near 13-month highs reached in the previous session amid…
Read moreNorway union calls off Tuesday strike at Mongstad – Equinor
(Montel) A potential strike was called off as the Norwegian Oil and Gas Association and trade union Safe…
Read moreTwin reforms look bullish for carbon – Icis
(Montel) The interplay of two reforms to Europe’s carbon market look set to drive emissions prices substantially…
Read moreEUAs drop below EUR 40 after touching new high
(Montel) Europe’s benchmark carbon price slumped into negative territory on Monday afternoon, retreating from a fresh high of…
Read moreGerman front-week power sheds EUR 6 on milder weather
(Montel) German front-week power prices fell by EUR 6 on Monday, as new weather forecasts predicted milder…
Read moreFrench front-week power dives 16% on warmer outlook
(Montel) French week-ahead power prices dropped EUR 9.07 on Monday amid a much warmer weather outlook, traders…
Read moreSpanish spot power to rebound on less wind, robust exports
(Montel) Spanish spot power prices could rebound on an expected drop in wind and robust exports this week,…
Read moreGOs, higher CO2 prices could drive new P2G storage – CEER
(Montel) Guarantees of origin plus higher CO2 prices could eventually make using excess renewable power converted and stored…
Read moreEuropean gas prices fall on warmer weather, more supplies
(Montel) European gas prices fell on Monday, as forecasts for warmer temperatures and a comfortable supply outlook outweighed…
Read moreDutch may delay coal plant emission rules to Q4
(Montel) The Netherlands is likely to delay the roll-out of legislation enacting CO2 limits on coal-fired plants…
Read moreItalian GO January prices drop 2%, volumes up 26% – GME
(Montel) The average price of Italian guarantees of origin (GO) dropped 2% to EUR 0.09/MWh in January…
Read moreEuropean LNG terminals expect 2bcm this week
(Montel) LNG vessel arrivals at key European destinations could total nearly 2bcm this week, potentially bringing imports…
Read moreItaly’s A2A buys 173 MW in PV plants in Lazio, Sardinia
(Montel) Italian utility A2A has agreed to pay EUR 205m for a 17-photovoltaic-plant portfolio with a combined 173…
Read moreUK needs green technologies as share of renewables grows
(Montel) The UK must ramp up its use of green technologies such as energy storage and hydrogen to…
Read moreOrlen buys 20 MW onshore wind capacity in Poland
(Montel) Polish state-owned energy company Orlen has purchased a 20 MW onshore wind farm from foreign investment funds…
Read moreItalian wind lobby urges Draghi to speed up approvals
(Montel) The Italian wind association Anev has urged the country’s new prime minister Mario Draghi to give more…
Read moreLightsource buys 845 MW of Spanish solar
(Montel) Solar developer Lightsource BP bought 845 MW of photovoltaic projects from Iberia Solar, the company said on…
Read moreOMV, bank to build 10 MW hydrogen capacity near Vienna
(Montel) Austrian oil and gas company OMV and bank Kommunalkredit plan to build 10 MW of green hydrogen…
Read moreGerman spot power to rise 2.5% on wind drop
(Montel) German day-ahead power prices were on track to rise 2.5% on Monday amid expectations that wind generation…
Read moreOil prices rise USD 1 on Saudi-Yemen tension, US cold
(Montel) Crude oil gained more than USD 1 early on Monday on tension between Saudi Arabia and…
Read moreStrike may hit Norway oil, gas sector at midnight – Equinor
(Montel) Norway’s oil and gas sector could be hit by a strike from midnight Monday if mediation…
Read moreEU applies "do no harm" fund rule to hydropower, gas plants
(Montel) Hydropower and gas-fired power plants would only be eligible for EU pandemic recovery fund support if they…
Read moreCO2 recovers after sharp sell-off
(Montel) European carbon prices rose late on Friday above the key resistance level of EUR 39/t after…
Read more“Not aware of any initiative” to limit EUA positions – Esma
(Montel) The European Security and Markets Authority (Esma) is not aware of any move to set limits on…
Read moreScottishPower and Global Energy to produce green hydrogen
(Montel) Scottish Power and UK manufacturer Global Energy have concluded an agreement to produce green hydrogen at the…
Read moreGerman upper house approves power cables to UK, Sweden
(Montel) Germany’s upper house of parliament on Friday approved the construction of two power interconnectors to the UK…
Read moreCarbon prices set to recover after profit-taking
(Montel) European carbon prices are set to recover recent losses next week as the market reflects on reports…
Read moreGas prices continue to fall amid more LNG, wind
(Montel) European gas prices continued to fall on Friday amid expectations of more LNG supply and wind power…
Read moreGermany should see four more cold weeks – forecasts
(Montel) Germany should see another four weeks of unusually cold temperatures and modest wind generation, forecasts said…
Read moreEDP enters Hungarian market with 50 MW solar
(Montel) Portuguese utility EDP’s renewable subsidiary EDPR has entered the Hungarian market with a 15-year contract for difference…
Read moreNordic power front futures edge up on cold weather outlook
(Montel) Nordic power futures close to delivery rose on Friday, buoyed by forecasts for relatively cold weather to…
Read moreStatkraft and Kemira agree 10-year PPA in Finland
(Montel) Norwegian power producer Statkraft has signed a 10-year power purchase agreement (PPA) with Finnish chemicals group Kemira…
Read moreSupply concerns buoy European coal prices
(Montel) European coal prices this week remained relatively well supported, underpinned by heightened utility demand, diminishing stocks…
Read moreElia, Energinet agree on possible cable to energy island
(Montel) Belgian TSO Elia and its Danish counterpart Energinet have signed an agreement to investigate the possibility…
Read moreColder weather may last until April – Weather Company
(Montel) Colder than normal conditions in some parts of Europe could last until April, according to US forecaster…
Read moreGerman spot power set to drop next week on more wind
(Montel) German spot power looked set average around EUR 54/MWh next week, around 10% below the current…
Read moreOil prices ease amid near-term demand concerns
(Montel) Oil prices drifted down early on Friday as concerns about sluggish demand in the near term combined…
Read moreGas business, renewables bolster MMV Q1 earnings
(Montel) German utility MVV’s first-quarter adjusted earnings before interest and tax (Ebit) jumped 21% year on year to…
Read moreOX2 acquires Finland’s largest wind farm
(Montel) Swedish wind power developer OX2 has agreed to buy the 400 MW Lestijarvi wind power project in…
Read moreCarbon slides 3% on rumours of EC limits on speculation
(Montel) EU carbon prices fell late on Thursday amid media reports that the European Commission may be considering…
Read moreUK raises domestic ETS auction floor price by 47%
(Montel) The UK government raised the auction floor price for allowance sales in its domestic ETS to GBP…
Read moreBig freeze cuts German coal output by nearly 2 GW
(Montel) A current cold spell in Germany that has seen freezing temperatures and heavy snow cut hard coal…
Read moreSnow, cold to curb German solar output for weeks – experts
(Montel) Snowfall and severe cold weather should continue to limit output from German solar panels for the next…
Read moreReddit investors mull investment in carbon on rising prices
(Montel) EU carbon’s 75% rally since early November has grabbed the attention of retail investors on sites such…
Read moreHydrogen most promising for heavy industry – Agora
(Montel) Consumption by energy-intensive industry is the most promising application for hydrogen in the near-term and ought…
Read moreAustralia’s Newcastle coal exports slide 7% in January
(Montel) Coal exports from the key Australian export port of Newcastle declined 6.7% on the month in…
Read moreCoal falls on muted Asian demand, bearish gas
(Montel) European coal prices slipped on Thursday on the back of muted demand in Asia amid the…
Read morePoland regulator backs requirement to sell power on exchange
(Montel) Poland's energy regulator on Thursday supported a requirement that utilities sell their power on an exchange because…
Read moreEC welcomes TSOs in hydrogen infrastructure for now
(Montel) The European Commission favours allowing network operators (TSO) to take a lead in developing hydrogen plants,…
Read moreEC fails to find proof of Astravyets power on Baltic market
(Montel) The European Commission has failed to find evidence that electricity produced at the Astravyets nuclear power plant…
Read moreRegulators urge EU criteria, tracking for green hydrogen
(Montel) The EU should agree clear definitions and criteria for renewable green hydrogen so that the green attributes…
Read moreOpec revises down 2021 world oil demand outlook
(Montel) Opec has revised down its 2021 world oil demand outlook – albeit by only 0.1m bbl/day from…
Read moreOversupply pressures 2020 GO prices
(Montel) European guarantee of origin (GO) prices remained subdued this week as a glut of certificates – predominantly…
Read moreDutch mull nuclear option in low-carbon drive
(Montel) Nuclear power is slowly regaining momentum in the Netherlands and elsewhere in Europe as many governments are…
Read moreGas prices fall as cold abates, LNG supplies set to grow
(Montel) European gas prices fell on Thursday amid milder-than-expected weather forecasts and anticipation of increased flows of LNG…
Read moreMore interconnectors needed due to supply gap – Dutch TSO
(Montel) The Netherlands is mulling increasing power interconnector capacity with Norway and the UK to bridge a…
Read moreIEA expects oil demand growth to accelerate from H2
(Montel) Global oil demand should accelerate from the second half of this year, as developed economies recover from…
Read moreEUAs exceed EUR 40/t for first time as rally continues
(Montel) EU carbon rose above EUR 40/t for the first time in early trading on Thursday, as demand…
Read moreDutch Groningen gas output may halve to 3.9bcm from October
(Montel) Gas extraction from Groningen in the Netherlands – Europe’s largest onshore field – is likely to…
Read moreOil prices soften from fresh 13-month highs
(Montel) Oil prices traded a shade down early on Thursday, paring back fresh 13-month highs reached in the…
Read moreGerman spot power to drop on more wind, solar
(Montel) German day-ahead power looked set to plummet over EUR 14 on Thursday as forecasts called for a…
Read moreFrench regulator approves 5% rise in TSO grid spending
(Montel) France's energy regulator CRE has approved a 5% increase to EUR 1.7bn in TSO RTE’s 2021 grid…
Read moreCritics scorn proposals to extend ETS to heating, transport
(Montel) Industry, consumer and environmental representatives have slammed European Commission proposals to extend the bloc’s emissions trading…
Read moreEDF needs restructure to avoid “second-rate” future – Levy
(Montel) The planned restructure of EDF is “essential” for the firm to avoid becoming a “second-rate” operator overtaken…
Read moreCarbon rebounds on heightened demand
(Montel) European carbon prices rebounded on Wednesday amid growing demand and limited supply. …
Read moreGerman power companies sign coal exit contract
(Montel) German companies RWE, Leag, ENBW and Saale Energie have signed a contract with the government regarding…
Read moreFrance awards 520 MW of wind tenders at EUR 59.50/MWh
(Montel) France's energy ministry has awarded 520 MW of onshore wind capacity to 15 projects at an…
Read moreEU gas markets should tighten next 12 months – Equinor
(Montel) Europe’s gas markets will tighten in the coming year thanks to cold weather this winter and…
Read moreETS-style GO market would cut 2030 renewables costs – report
(Montel) An ETS-style mandatory, EU-wide guarantees of origin system for renewable energy would help deliver the EU’s 2030…
Read moreGerman front-year power rises on CO2, spot hits 2-year high
(Montel) Germany’s front-year power contract was rising on Wednesday, as carbon exceeded EUR 39/t again, setting its sights…
Read moreAcer, Entsog tackle EU gas balancing markets misconduct
(Montel) Improving due diligence and credit checking can help prevent potential misconduct in EU gas balancing markets, EU…
Read moreNorway spot prices rise to near 11-year high
(Montel) Nordic spot power prices soared amid freezing weather forecasts for Thursday, with prices in Norway’s capital Oslo…
Read moreOrsted buys 50% stake in 2.5 GW Polish offshore wind
(Montel) Denmark's Orsted has acquired a 50% stake in two offshore wind projects, Baltica 2 and 3 (2.5…
Read moreFrench nuclear plant generates “industrial snow” amid freeze
(Montel) Up to 500 workers were turned away from EDF’s Cattenom nuclear power plant in the east of…
Read moreEDF’s Levy confirms Flamanville EPR start-up in 2023
(Montel) EDF is on track to start up its under construction new generation European pressurised reactor in 2023…
Read moreGas prices fall on higher temperatures, more LNG
(Montel) European gas prices fell on Wednesday amid forecasts of higher temperatures next week and improving LNG…
Read moreFrench spot power prices jump 8% on cold snap
(Montel) French power prices for Thursday delivery have jumped by 8% to EUR 76.75/MWh on the back of…
Read moreColombian rail blockade halts all Cerrejon coal shipments
(Montel) A rail blockade has stopped all coal shipments from the key Colombian coal-mining complex of Cerrejon…
Read moreGerman energy demand returns to pre-Covid levels – analysts
(Montel) Germany’s demand for power and gas is showing signs of returning to pre-pandemic levels, even though some…
Read moreNordic power demand to test record highs on Thursday
(Montel) Hourly power demand in the Nordic region may exceed 71 GW on Thursday morning, which would top…
Read moreENBW signs German solar PPA for 56 GWh
(Montel) ENBW has signed a power purchase agreement with developer Energiekontor to take delivery of 56 GWh…
Read moreOil retreats from 13-month highs as physical market weakens
(Montel) Oil futures early on Wednesday pulled back from 13-month highs reached in the previous session amid some…
Read moreEquinor posts record USD 5.5bn loss for 2020
(Montel) Norwegian energy company Equinor on Wednesday posted a net loss of USD 5.5bn for 2020, the biggest…
Read moreUK TSO warns of tight margins as power hits GBP 300/MWh
(Montel) UK TSO warned of tight margins as power for delivery on Wednesday during 18:00-19:00 GMT hit…
Read moreEU to support green power, hydrogen imports from Africa
(Montel) The EU plans to provide targeted help to large-scale renewable and clean hydrogen production in North African…
Read moreGermany to allow private finance for cross-border cables
(Montel) Germany plans to change rules governing high voltage grids to enable private investors to refinance projects such…
Read moreFrance set to reach 70% cross-border target on 17 February
(Montel) France was on track to offer at least 70% of cross-border power capacity to the market…
Read moreUK must double investment for net zero economy – consultant
(Montel) The UK will likely need to invest upwards of GBP 40bn a year in infrastructure if it…
Read moreH2 projects in pipeline to triple current total – report
(Montel) The number of planned European hydrogen projects would almost triple the number currently operational, said a new…
Read moreGerman Cal 22 power slips from high with weaker carbon
(Montel) The German front-year power price slipped from a two-year high hit in the previous session on Tuesday…
Read moreGas curve retreats with milder outlook, CO2
(Montel) Forward European gas prices retreated from some of their highest levels in 16 months on Tuesday,…
Read moreEDF bidding error may have impacted prices, flows – traders
(Montel) French utility EDF oversold 2.5 GW power to the French spot market between Saturday and Tuesday,…
Read morePolish balancing power soars above EUR 300/MWh on freeze
(Montel) Polish balancing power prices for delivery at 09:00-10:00 CET on Tuesday settled at a two-month high of…
Read moreGermany’s green energy fund turns positive due to subsidy
(Montel) The German green energy fund’s account balance rose EUR 5.6bn in January, due to a federal…
Read moreBaltic ice threatens Russian coal exports to Europe
(Montel) Rapidly thickening sea ice in the eastern Baltic could hamper Russian coal exports over the coming…
Read moreEU hydrogen market needs telecoms-style rules – regulators
(Montel) The EU's embryonic hydrogen market would benefit from dynamic, periodic monitoring similar to the telecoms industry, EU…
Read moreRWE, ASML sign 10-year PPA for 250 GWh/year
(Montel) German utility RWE and Dutch technological company ASML have signed a 10-year green power purchase agreement (PPA)…
Read moreLitgrid appoints former energy minister as CEO
(Montel) Lithuanian TSO Litgrid has appointed former energy minister Rokas Masiulis as new CEO with effect from 22…
Read moreNordic power futures retreat EUR 2 on milder outlook
(Montel) Nordic power futures fell more than EUR 2 across the board on Tuesday, after gaining several euros…
Read moreTotal’s 2020 LNG sales volumes increase 12%
(Montel) French oil and gas major Total posted a 12% year-on-year rise in 2020 LNG sales volumes…
Read moreBayWa plans 1.4 GW Spanish renewables by 2027
(Montel) Germany renewables developer BayWa Re plans to connect 1.2 GW of solar photovoltaic and 200 MW of…
Read moreBrent exceeds USD 61 on post-virus recovery hopes
(Montel) Brent crude sailed past USD 61/bbl on Tuesday to its highest point since January 2020, extending a…
Read moreFrench power supply “sufficient” despite cold snap – TSO
(Montel) France’s security of power supply is “sufficient” for this week despite a cold snap which should…
Read moreCO2 soars to new record amid big freeze
(Montel) Carbon prices hit a record high on Monday amid freezing weather, likely to boost demand for fossil…
Read moreCold spell set to be more severe, last longer – forecasters
(Montel) Weather forecasters on Monday saw a much higher likelihood of freezing conditions extending further into Europe…
Read moreEuropean offshore wind sees record EUR 26bn investment
(Montel) Europe saw a record EUR 26.3bn investment in new offshore wind farms in 2020, WindEurope said on…
Read moreIce Futures shifts EUA trade from London to Netherlands
(Montel) Ice Futures will shift trading in EUAs and aviation allowances (EUAAs) from London to its Netherlands-based Ice…
Read moreSpain’s Solaria aims for 11 GW Iberian renewables by 2030
(Montel) Solaria expects to install 11 GW of green capacity in Iberia by 2030, including 6.2 GW by…
Read moreEuropean coal terminal stocks at lowest since 2016
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have eroded to fresh 4.5-year…
Read moreUniper, Port of Rotterdam plan 100 MW hydrogen plant by 2025
(Montel) German utility Uniper and the Port of Rotterdam plan to build a 100 MW hydrogen plant at…
Read moreGerman front-year power hits 2-year high amid cold, carbon
(Montel) German power prices for next year rose to a two-year high on Monday amid a cold spell…
Read moreFlow of EU GOs to the UK slows amid decoupling
(Montel) The flow of European guarantees of origin (GOs) to the UK has slowed since the country left…
Read moreCoal prices to jump as cold weather bites
(Montel) European coal prices were set for further gains this week, buoyed by extremely cold weather –…
Read moreSpanish power may climb with rising demand, CO2 this week
(Montel) Spanish spot power prices could rebound on an expected increase in demand but may be limited by…
Read moreFrench front-week power surges 24% on cold outlook
(Montel) The French front-week power contract jumped EUR 13.50 from its previous close on Monday morning amid…
Read moreCleared coal futures on Ice ease 8% in January – broker
(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange declined 8% on the year in…
Read moreNordic front-month power jumps EUR 5 on cold outlook
(Montel) The Nordic March power contract rose EUR 5.05, or 13%, to hit a fresh high of EUR…
Read more2021 free EUA issuance likely in summer – sources
(Montel) Issuance of free EUAs to industrial and heat and power installations will likely take place around the…
Read moreRWE to expand UK offshore wind portfolio
(Montel) German utility RWE is set to expand its UK offshore wind portfolio after securing the rights to…
Read moreBP, ENBW to develop 3 GW UK offshore wind farms
(Montel) UK energy firm BP and German utility ENBW will develop offshore wind farms in the UK after…
Read moreUK generator Drax to acquire leading biomass producer
(Montel) UK independent generator Drax has entered into an agreement to acquire the world’s second-largest wood pellet…
Read moreEUAs briefly touch new high above EUR 39
(Montel) Europe’s benchmark carbon price hit a fresh high and came within EUR 0.20 of reaching EUR 40/t…
Read moreEneco, Shell sign 130 MW offshore wind deal with Amazon
(Montel) Eneco and Shell have signed a power purchase agreement (PPA) with Amazon to supply the US…
Read moreGerman front-week power jumps 24% amid cold snap
(Montel) The German front-week power contract jumped more than 24% on Monday morning as forecasts indicated a sustained…
Read moreGermany may face pressure to split grid watchdog – experts
(Montel) A recent opinion of the European Court of Justice suggests Germany may have to split its…
Read moreOil prices rise past USD 60 on production cuts
(Montel) Crude oil topped USD 60 early on Monday on pledges by Opec and its partners to…
Read moreGermany, neighbours see negative prices on Sunday
(Montel) Power prices for Germany turned negative for the first nine hours on Sunday, reaching a low of…
Read moreNord Stream 2 construction resumes
(Montel) Pipelaying vessel Fortuna has resumed construction of Nord Stream 2 after finishing a series of tests, a…
Read moreBelgium enters agreement for 1.4 GW power link to Denmark
(Montel) The Belgian and Danish energy ministers have signed a memorandum of understanding for the development of…
Read moreCO2 hits fresh high amid speculative buying
(Montel) European carbon prices rallied to a fresh all-time high for the third consecutive session on Friday…
Read moreItaly seeks EC backing for new capacity market auctions
(Montel) The Italian government is seeking EU Commission support for the country’s new capacity market auctions, it said…
Read moreEndesa consortium mulls 100 MW green electrolyser
(Montel) A consortium of 40 organisations, including Endesa’s subsidiary Enel Green Power Spain, said on Friday it is…
Read moreGerman front-year power hits 1.5-year high on carbon record
(Montel) Germany’s front-year power contract rose above EUR 53/MWh on Friday to the highest level in one and…
Read moreCO2 rally may see prices hit new highs next week
(Montel) EUAs are likely to test further highs in the coming week – after hitting a record high…
Read moreFrench curfew fails to curb power demand, prices – analysts
(Montel) France's curfew aimed at curbing the spread of the coronavirus is having little impact on power demand…
Read moreRail blockade hampers Colombian coal shipments
(Montel) A rail blockade is limiting coal shipments from the key Colombian coal-mining complex of Cerrejon to…
Read moreRWE revises up expected 2020 results on strong trading
(Montel) German utility RWE has revised up its expected full-year adjusted earnings before interest and tax for 2020…
Read moreMEPs call for EU ETS-linked carbon price on power imports
(Montel) MEPs want to see an EU ETS-linked carbon border adjustment mechanism applied to imports such as power,…
Read moreGermany to remain cold throughout February – forecasters
(Montel) Germany could face another cold spell for most of February and wind generation should fall into the…
Read moreSpain’s Iberdrola eyes 3 GW Irish offshore wind development
(Montel) Spanish utility Iberdrola is set to develop a 3 GW offshore wind portfolio in Ireland after acquiring…
Read moreGerman front-week power gains on cold, less wind
(Montel) German spot power looked set to return to an average above EUR 50/MWh next week, as…
Read moreFrench gas demand falls 7% in 2020 on mild weather, virus
(Montel) French gas demand fell 7% in 2020, to 445 TWh, due to exceptionally mild weather, along with…
Read moreGermany to face freezing temperatures next week – Ubimet
(Montel) Germany will turn bitterly cold next week with sub-zero temperatures, while wind output should fall from…
Read moreCrude continues to trade around pre-pandemic levels
(Montel) Crude oil was continuing to trade around pre-pandemic levels on Friday, buoyed by positive sentiment from the…
Read moreFrance must “act” to finance nuclear, renewables – minister
(Montel) France “has to act” to enable state-owned EDF to continue to invest in nuclear power and renewables…
Read moreCoal ends 4-day losing streak on gas, cold
(Montel) European coal prices rose on Thursday, ending a four-day losing streak amid higher gas prices and the…
Read moreUS miner Peabody’s coal sales plunge 20% in 2020
(Montel) Coal-mining giant Peabody’s sales slumped 20% last year to 132.6m short tons (120m metric tonnes), as…
Read moreSpain may widen spot power bid limits in April – Omie
(Montel) Spain is set to widen bid limits on the spot power market to between EUR -500/MWh and…
Read moreFundamentals support carbon rally – SEB
(Montel) A rally in carbon prices to a fresh record high of EUR 38.25/t on Thursday has…
Read moreRWE seeks compensation for Dutch coal plant closures
(Montel) German utility RWE has filed an arbitration claim against the Netherlands seeking compensation over the country’s…
Read moreOversupply pressures European GO prices
(Montel) European guarantee of origin (GO) prices remain under pressure amid an oversupplied market, with low liquidity adding…
Read moreGerman front-week power edges up as wind wanes
(Montel) The German front-week power contract edged up on Thursday as wind generation levels looked set to wane.…
Read moreGas prices recover from multi-week lows
(Montel) European gas prices recovered from the previous session’s multi-week lows in early Thursday trading amid the…
Read moreDanish MPs agree to building of 3 GW “wind power island”
(Montel) The Danish parliament has agreed to establish a DKK 210bn (EUR 28bn) artificial offshore wind power island…
Read moreVattenfall traders utilised volatility to boost profit – CEO
(Montel Traders at Swedish utility Vattenfall utilised volatility in the market to boost full-year profit at its trading…
Read moreNaturgy’s 2020 profit plunges 82% on EUR 1.4bn write-down
(Montel) Spanish utility Naturgy saw its full-year profit for 2020 plunge 82% year on year mainly due to…
Read moreCarbon sets record above EUR 38 before falling after auction
(Montel) EUAs rose to a new record in early trading on Thursday, as traders continued to amass long…
Read moreNordic power futures rebound EUR 1 on colder outlook
(Montel) Nordic power futures rose across the board on Thursday, after falling several euros in the prior session,…
Read moreItalian green energy approvals set to spur PPAs – experts
(Montel) The anticipated approval this year of Italian renewable energy projects will be crucial to spur utilities…
Read moreGreen Genius plans 154 MW of solar in Poland by mid-2022
(Montel) Lithuanian renewables firm Green Genius aims to build 154 MW of solar in Poland by the middle…
Read moreGerman front-year power hits 1.5-year high amid bullish EUAs
(Montel) Germany’s benchmark power contract rose to a 1.5-year high on Thursday morning as European carbon prices pushed…
Read moreShell Q4 LNG sales slide 16% amid USD 22bn annual loss
(Montel) Royal Dutch Shell reported on Thursday LNG sales fell 16% year on year to 16.9m tonnes (23bcm) in…
Read morePolish chemical firm mulls 30 MW solar farm
(Montel) Polish chemical firm Synthos – owned by a Polish billionaire Michal Solowow – is mulling a 30…
Read moreNewcastle coal falls on more supply, milder weather
(Montel) Asia’s benchmark coal price fell 4% in the week to Thursday as milder weather and improving…
Read moreGerman spot power to fall 3% on less demand
(Montel) German day-ahead power could fall 2.5% on Thursday as demand weakens ahead of the weekend and conventional…
Read moreVattenfall hedges 41% of 2022 output at EUR 29/MWh
(Montel) Vattenfall had sold 41% of its Nordic power production for 2022 at an average price of EUR…
Read moreBrent crude extends 1-year high as inventories fall
(Montel) Brent crude oil prices extended 1-year highs early on Thursday after Opec and its Russia-led partners promised…
Read moreAustria’s OMV expects gas prices to rise in 2021
(Montel) Austrian oil and gas company OMV expects its averaged realised gas price in 2021 to be…
Read moreUK hydrogen development needs clear business model – expert
(Montel) The lack of a clear business model targeting investment, and hydrogen’s own complexity within a low-carbon supply…
Read moreCO2 surges near EUR 3 to record high
(Montel) European carbon allowances surged nearly EUR 3 to a record high on Wednesday afternoon in response…
Read moreFrench minister sees way forward in EDF talks with EC
(Montel) Talks between the French government and the European Commission over the future of EDF are not “blocked”,…
Read moreUS LNG exports may nearly double by 2030 – EIA
(Montel) US LNG exports may nearly double from current levels to around 6 trillion cubic metres –…
Read moreUK could follow Norwegian template for CCUS – experts
(Montel) The UK could follow Norway’s Northern Lights example of shipping CO2 emissions as it bids to build…
Read moreGerman Cal 22 power rises as carbon price hits record high
(Montel) Germany’s front-year power contract gained about EUR 1 on Wednesday, as the EUA carbon price jumped to…
Read moreCyclone disrupts South Africa’s coal rail, mine operations
(Montel) Widespread flooding has disrupted rail and mining operations in South Africa’s key coal-producing Mpumalanga province, hampering…
Read moreItalian gas demand to drop 3% by 2025 – TSOs
(Montel) Italian gas demand may drop 3% by 2025, despite an anticipated 8% rise in power consumption, amid…
Read moreUK gas prices drop to 6-week low on high wind output
(Montel) Gas prices in the UK fell to a six-week low on Wednesday amid an oversupplied system and…
Read moreNasdaq rebuffs claims it misled market over Aas portfolio
(Montel) Nasdaq Clearing has rebuffed claims by Sweden’s financial watchdog that its actions had exposed market players to…
Read moreRussian coal exports jump 30% in January
(Montel) Russian coal exports last month jumped 30% on the year to 0.53m tonnes/day, reflecting heightened Asian…
Read moreEDF to launch its first floating solar platform in France
(Montel) EDF Renewables plans to build its first floating solar platform on a hydroelectric reservoir in France's mountainous…
Read moreEUAs rise above EUR 37 as speculative buying continues
(Montel) EU carbon prices topped EUR 37 for the first time on Wednesday, as speculative buying continued to…
Read moreNordic front power tumbles as weather forecasts turn milder
(Montel) Nordic power futures fell across the board on Wednesday – with the largest losses seen in the…
Read moreSpanish PPAs eye short-term pressure after tender – analysts
(Montel) Prices in the Spanish market for renewable power purchase agreements (PPAs) could face pressure after January’s green…
Read moreGlencore’s coal output plunges 24% in 2020
(Montel) Glencore produced 106.2m tonnes of predominantly thermal coal in 2020, down 24% on the year amid…
Read moreGerman spot power to rise EUR 6 as wind output wanes
(Montel) German day-ahead power looked set to rise almost EUR 6 on Wednesday, with rising solar power generation…
Read moreOrsted’s 2020 offshore wind output jumps 27%
(Montel) Danish energy group Orsted’s offshore wind production surged 27% to 15.2 TWh last year, helping the group…
Read moreOil hovers near 1-year highs on signs of tightening supply
(Montel) Oil prices edged up early on Wednesday, hovering near their one-year highs reached in the previous session,…
Read moreMEP criticises delay on EU 2030 CO2 cut talks
(Montel) EU plans to debate a 2030 CO2 cut target only at the end of talks to agree…
Read moreEUAs within range of record as prices surge 7%
(Montel) EU carbon rose to within EUR 0.22 of its record on Tuesday, as traders accumulated long positions…
Read moreCoal slumps 3% amid slack demand
(Montel) European front-quarter coal prices dropped 3% in Tuesday trading to fresh two-month lows amid evaporating demand…
Read moreForecasters see deepening cold risk next week
(Montel) Weather forecasters on Tuesday saw a growing risk of temperatures turning very cold in north-western Europe…
Read moreFrench union seeks protest at lower house against EDF split
(Montel) France’s biggest energy union, the CGT’s FNME, is urging power workers to protest at the French lower…
Read moreSweden aims to cut costs for offshore wind developers
(Montel) The Swedish government has proposed that TSO Svenska Kraftnat build the power lines to connect future offshore…
Read moreGerman front-year power exceeds EUR 50 as CO2 jumps
(Montel) German front-year power exceeded EUR 50/MWh mark on Tuesday, while carbon broke through the EUR 34/t…
Read moreEUAs rise above EUR 34 amid strong auction, cold snap
(Montel) EU carbon rose above EUR 34 for the first time in more than a week after Tuesday’s…
Read moreSouth Africa coal exports slip 3% in 2020
(Montel) South Africa’s thermal coal exports last year totalled 73.4m tonnes, down 3% versus 2019, as the…
Read moreTTF March gas rises on cold weather forecasts
(Montel) Europe’s benchmark front-month gas prices on the Dutch TTF hub rebounded on Tuesday in response to…
Read moreEuropean coal set to extend 2-month lows this month
(Montel) Atlantic basin coal prices will likely extend two-month lows this month amid easing demand, although some…
Read moreShell signs its first German solar PPA
(Montel) Shell Energy Europe has signed its first power purchase agreement with a solar project developer in…
Read moreAustrian TSO joins blockchain-based grid balancing platform
(Montel) Austrian TSO APG has joined the blockchain-based grid balancing platform Equigy to improve flexibility on balancing markets,…
Read moreNordic power futures rebound on colder outlook
(Montel) Nordic power futures contracts rebounded on Tuesday amid a cooler weather outlook.…
Read moreSSE stops carbon hedging amid lack of UK permits
(Montel) UK utility SSE said on Tuesday it would stop buying carbon permits to cover sales of power…
Read moreBP’s global gas production drops 15% in 2020
(Montel) UK oil and gas major BP on Tuesday reported a 15% year-on-year drop in gas production…
Read moreGerman spot power set for 18% drop amid surging wind output
(Montel) German day-ahead power prices looked set to fall by nearly EUR 10 on Tuesday, as forecasters expected…
Read moreUK ETS risks price spikes amid issuing delay – analysts
(Montel) UK utilities are continuing to buy EUAs even after Brexit, as the country has yet to begin…
Read moreOil price gains continue as demand optimism returns
(Montel) Oil prices were gaining for a second day on Tuesday as optimism over the demand outlook returned.…
Read moreUS open to discuss end of Nord Stream 2 sanctions – report
(Montel) The new US administration is willing to lift sanctions against the Nord Stream 2 gas pipeline if…
Read moreNordic spot may average 2-year highs in February
(Montel) Persistent cold weather is likely to lift Nordic spot power prices above EUR 50/MWh on average for…
Read moreSpain’s gas demand falls 3% in January amid lower generation
(Montel) Spanish gas consumption fell 2.8% year on year in January to 38.8 TWh, amid weak demand…
Read moreNord Pool slams TSO transparency platform
(Montel) Remit messages published on the Nordic TSOs' transparency platform Nucs are misleading, confusing and at times incorrect,…
Read moreFuels, CO2 drop on lack of cold conditions
(Montel) Contracts for gas, coal and carbon emissions fell on Monday as market participants awaited lower energy…
Read moreNaturgy, Enagas mull green H2 plant with 350 MW wind
(Montel) Naturgy and Enagas are considering the construction of an electrolyser in northwest Spain which would convert energy…
Read moreSpain’s power generation climbs 8% in January on record wind
(Montel) Spanish power generation climbed 8.2% year on year in January to 23.4 TWh thanks to robust…
Read moreUK gas faces softer February amid heightened supply
(Montel) UK gas prices will likely soften this month on the back of increased LNG supply and…
Read moreMounting supply to test carbon in February
(Montel) Europe’s carbon market will see a marked increase in supply this month, though observers were divided…
Read moreTTF spot gas unlikely to hit January’s heights this month
(Montel) The TTF day-ahead gas contract could linger between EUR 19-20/MWh due to cold weather in February…
Read moreEndesa plans green hydrogen plants with 2 GW renewables
(Montel) Spanish utility Endesa plans to develop 23 green hydrogen projects in Spain which would be powered by…
Read moreGerman power set to drop nearly EUR 2 in Feb on mild weather
(Montel) German day-ahead power prices may fall nearly EUR 2 this month from January – when prices hit…
Read moreSpain spot power could slide below EUR 40 on more rainfall
(Montel) Spanish spot power prices this week could soften on more rainfall and stable demand despite a decline…
Read moreSoutheast Asia becoming a key thermal coal market – analysts
(Montel) Southeast Asia will become an increasingly important market for seaborne coal suppliers over the coming years,…
Read moreGerman front-month power falls on milder weather outlook
(Montel) German power prices for March fell on Monday, as a milder weather outlook should lead to lower…
Read moreGas contracts drop across board on mild outlook
(Montel) Expectations of milder temperatures this week contributed to sharp losses in European gas markets on Monday, with…
Read morePandemic impacts 2020 Russian coal miner output
(Montel) Russia’s largest coal miners curbed production last year in light of poor global demand due to…
Read moreNorway power production hits record 17.5 TWh in January
(Montel) Power production in Norway totalled 17.5 TWh in January, a new record for a single month, Nord…
Read moreFrench nuclear output reaches year high in January at 37 TWh
(Montel) France’s nuclear output last month reached its highest level since January last year, at 37 TWh, amid…
Read moreCoal market softens amid sluggish demand
(Montel) European coal prices have begun the week on a bearish note, amid signs of ailing demand,…
Read moreNordic power futures fall amid flagging German prices
(Montel) Nordic power futures fell early on Monday, reversing a strong opening, as weaker German power prices…
Read moreGerman solar capacity growth hits 8-year high in 2020
(Montel) German solar capacity growth hits its highest point since 2012 of 4.9 GW last year, up from…
Read moreGerman spot power eyes EUR 2 drop on more wind, solar
(Montel) German day-ahead power prices were on track to drop around EUR 2 on Monday, as renewable…
Read moreOil prices gain as Saudi production cuts begin
(Montel) Crude oil rose early on Monday as Saudi Arabia, the world’s largest oil exporter, was set…
Read moreNordic spot hits fresh 5-year high on cold weather
(Montel) The Nordic system price rose to EUR 74.57/MWh on Monday, its highest level since hitting EUR 80.99/MWh…
Read moreCoal retreats from 2-week highs
(Montel) European prompt coal prices retreated from two-week highs in late Friday trading amid sluggish physical demand…
Read moreEU court to rule on Spain’s 7% power tax in March
(Montel) The EU’s top court is expected to issue a ruling on Spain's 7% power generation tax on…
Read moreGerman Cal 22 power falls after below par CO2 auction
(Montel) German front-year power fell on Friday, after the first EUA auction in 2021 cleared below current market…
Read moreItalian TSO sells 1 GW of power demand response
(Montel) Italian TSO Terna has sold 1 GW of electricity demand response contracts offered for February in a…
Read moreEnel Green Power builds 3.1 GW of green capacity in 2020
(Montel) Enel Green Power (EGP) built about 3.1 GW of renewable capacity in 2020 globally, a growth of…
Read moreEndesa plans 100 MW green hydrogen plant in Spain
(Montel) Endesa is planning to build a 100 MW green hydrogen plant at the site of its As…
Read moreSpanish spot power hits 13-month low of EUR 4.19/MWh
(Montel) Spain’s day-ahead power price out-turned at its lowest point since 22 December 2019 at EUR 4.19/MWh on…
Read moreSpot gas prices gain on pending cold snap
(Montel) European gas prices were mixed on Friday with spot prices trending higher amid a forthcoming cold snap,…
Read moreCO2 prices set to drift amid auction resumption
(Montel) Carbon prices looked set to stabilise or drift slightly lower in the coming week, as the market…
Read moreAustrian utility to mothball 366 MW for 5 months in 2022
(Montel) Austrian utility Linz Strom Gas Waerme plans to mothball a combined capacity of 366 MW in two…
Read moreGermany could see cold spell in mid-February – forecasters
(Montel) Germany could see temperatures well below the norm in the middle of February, forecasters said on…
Read moreGreen hydrogen needs subsidies to boost market share – Engie
(Montel) France and other European countries should “rapidly” roll out financial support for green hydrogen in order to…
Read moreNordic February power hits high on colder, drier outlook
(Montel) Nordic power futures rose across the board on Friday, with February hitting a new contract high as…
Read moreUK coal imports plunge 30% in January-November
(Montel) UK coal imports slumped 30% year on year in the first 11 months of 2020, amid…
Read moreFreyr attracts USD 850m for Norway battery factory
(Montel) Norwegian battery producer Freyr has attracted USD 850m in funding for a planned battery factory in northern…
Read moreExchanges delay Polish spot market coupling to 9 February
(Montel) European energy exchanges and Poland’s TSO have delayed the launch of market coupling for Polish spot power…
Read moreEUA auctions resume with below market sale on EEX
(Montel) The year’s first auction of EU carbon allowances cleared on Friday at EUR 33.51/t, slightly below the…
Read moreGerman front-week power softens with higher wind outlook
(Montel) German spot power looked set to average a little lower next week as forecasters awaited a…
Read moreAldesa to build 70 MW wind farm in Poland
(Montel) Polish Aldesa Nowa Energia, part of Spanish Aldesa Group, will build a 70 MW wind farm in…
Read moreOil continues fall as coronavirus concerns persist
(Montel) Oil was continuing its fall following losses in the previous session on Friday as concerns persisted about…
Read moreCorporate PPA demand to remain resilient – analysts
(Montel) Corporate demand for European power purchase agreements (PPA) should remain “robust” this year as signatories to renewable…
Read moreCO2 firms on bullish energy complex
(Montel) European carbon prices rose on Thursday receiving support from a bullish energy complex amid cold weather forecasts,…
Read moreEU will discuss certification of green hydrogen in April
(Montel) A high-level EU renewable hydrogen conference on 7 April in Lisbon will discuss how to certify its…
Read moreOrsted names Neubert deputy CEO, head of new unit
(Montel) Danish energy group Orsted has promoted its current head of offshore wind, Martin Neubert, to deputy CEO…
Read moreUniper expands LNG fleet amid growing Asian demand
(Montel) German utility Uniper on Thursday took delivery of a new LNG tanker in South Korea amid…
Read moreCoal barges face Rhine closures as river levels swell
(Montel) Sections of the river Rhine face temporary closure over the coming days as water levels swell,…
Read moreGerman power lingers near EUR 50 ahead of EUA auction
(Montel) Germany’s front-year power contract hovered around EUR 50/MWh on Thursday, as traders awaited the first EUA auction…
Read moreEDF to harness floating technology for UK offshore wind
(Montel) EDF Renewables will use floating offshore wind technology for phase two – totalling around 60 MW –…
Read moreGas prices rise on colder outlook
(Montel) European gas prices rose on Thursday on the back of new colder weather forecasts for the…
Read moreBoth blue and green hydrogen necessary – Equinor
(Montel) The roll-out of hydrogen across Europe is not a question of “blue or green” but of…
Read moreBayWa signs first Polish solar PPA in 10-year 65 MW deal
(Montel) German renewables developer BayWa has signed Poland’s first solar PV power purchase agreement (PPA), for the…
Read moreGerman, Swiss firms sign PPA for 30 GWh of onshore wind
(Montel) German renewables marketer ane.energy and Swiss building materials firm Holcim have signed a corporate power purchase…
Read moreDemand growth "key uncertainty" for TSO – Fingrid CEO
(Montel) Estimating future power demand is the key uncertainty for TSOs when trying to plan grid investments in…
Read moreEesti Energia’s power output dives 31% in 2020
(Montel) Estonian state-owned energy group Eesti Energia’s power production slumped 31% year on year in 2020, as mild…
Read moreDutch interconnector outages pose back-up capacity question
(Montel) A worst-case scenario of a triple outage of all of the Netherlands’ subsea power interconnectors last week…
Read moreNordic February power jumps EUR 3 to record high on cold
(Montel) Nordic front futures were rising on Thursday, with the February contract gaining more than EUR 3…
Read moreNewcastle coal prices plateau on milder weather
(Montel) A rally in benchmark Asian coal prices tapered off in the week to Thursday, as the…
Read morePoland’s PGNiG imports of LNG rise 10% in 2020
(Montel) Polish gas monopoly PGNiG imported LNG equivalent to around 3.8bcm of natural gas in 2020, a 10%…
Read moreAnglo American coal output slumps 22% in 2020
(Montel) Anglo American’s thermal coal production last year slumped 22% to 20.6m tonnes, due to coronavirus-related restrictions…
Read moreClosing French reactors would be a "mistake" – IEA chief
(Montel) Closing French nuclear power plants would be a “mistake”, the head of the International Energy Agency, Fatih…
Read moreGerman spot power to fall 13% on more wind
(Montel) German day-ahead power could fall 13% on Thursday as wind generation rises and temperatures remain mild.…
Read moreItaly’s Enel takes 62.6 MW in GSE’s 4th renewable auction
(Montel) Italy’s Enel Green Power was awarded 62.6 MW in the fourth tender by the country’s state energy…
Read moreOil slides as Covid and demand growth concerns persist
(Montel) Oil prices edged lower early on Thursday, taking a cue from a sell-off in broader equity markets…
Read morePost-Brexit power decoupling threatens renewables sales
(Montel) A decoupling of Britain’s internal and cross-border power trading from European exchanges could lead to significant price…
Read moreCO2 slips 3% on muted demand
(Montel) Carbon prices slipped 3% in Wednesday trading amid subdued demand and ahead of the year’s first…
Read moreTighter LNG market kindles hope for European storage players
(Montel) Europe’s growing reliance on a tightening global LNG market spells welcome news for struggling gas storage…
Read moreItalian TSO plans public consultations on 1 GW power link
(Montel) Italian TSO Terna plans public consultations on a 1 GW underwater power interconnection between Campania, Sicily and…
Read moreSpanish LNG imports to rise by 43% in February – TSO
(Montel) LNG imports to Spain could rise 43% to almost 28.3 TWh (2.5bcm) in February as compared with…
Read moreGas market volatility here to stay – energy firms
(Montel) Europe’s gas market has experienced significant volatility over the past year, and this is set to…
Read moreEUR 30m Nasdaq fine among largest ever issued – regulator
(Montel) The SEK 300m (EUR 29.7m) fine of Nasdaq Clearing by Sweden’s financial regulator Finansinspektionen in the wake…
Read moreGermany, Netherlands may cooperate on offshore wind
(Montel) The German government is considering cooperating with the Netherlands on the cross-border use of offshore wind…
Read moreNordic green investments booming, 10-yr PPAs norm – Augusta
(Montel) Investors are continuing to flock to the Nordic renewables market despite recent price volatility, with 10-year power…
Read moreForecasts of milder weather weigh on gas prices
(Montel) European gas prices declined on Wednesday on the back of forecast higher temperatures, while the market…
Read moreGazprom’s exports to Europe fall 12% in 2020
(Montel) Gazprom exported 175bcm of natural gas to Europe last year, as the coronavirus pandemic pushed volumes…
Read moreLNG market to tighten by mid-decade – analyst
(Montel) The global LNG market faces some tightness by mid-decade, as demand continues to rise but supply…
Read moreSolaria signs 10-year 80 MW Iberian solar PPA
(Montel) Solaria has signed a 10-year 80 MW solar power purchase agreement (PPA) with a leading Iberian electricity…
Read moreSwedish regulator fines Nasdaq EUR 30m over Aas default
(Montel) Sweden’s financial regulator Finansinspektionen on Wednesday issued Nasdaq Clearing a warning for “serious deficiencies in its operations”…
Read moreSpanish green energy auction averages EUR 24-25/MWh
(Montel) Winning bids in Spain's latest renewable energy auction averaged EUR 24.47/MWh for solar and EUR 25.31/MWh for…
Read moreNordic power rebounds on colder outlook
(Montel) Nordic power contracts gained more than EUR 1 on Wednesday amid cold, dry weather forecasts. …
Read moreBlue Elephant Energy grows renewables portfolio to 1.1 GW
(Montel) Hamburg-based renewables operator Blue Elephant Energy has purchased four ready-to-build solar farms in the Netherlands totalling…
Read moreStatkraft, Aker to collaborate on offshore wind in Norway
(Montel) Norwegian energy groups Statkraft, Aker Offshore Wind and Aker Horizons have signed a cooperation agreement to explore offshore wind project opportunities in Norway.…
Read moreSubsiding cold, demand to dampen German spot power
(Montel) German day-ahead power could drop 4% on Wednesday as milder conditions in the central-west region would…
Read moreEDF delays start-up of Hinkley Point reactor to mid-2026
(Montel) EDF has delayed the start-up of the Hinkley Point C nuclear power plant in the UK by…
Read moreItaly’s GSE awards 25% of renewable capacity in 4th auction
(Montel) Italy’s state-owned energy services company GSE has allocated only 25% of renewable energy capacity projects in another…
Read moreOil firms after report of drop in US crude inventories
(Montel) Oil prices rose early on Wednesday after US petroleum industry data in the previous session showed a…
Read moreLeag plans wind park in German open-cast lignite mine
(Montel) German lignite-fired plant operator Leag plans a wind park at its open-cast mine Jaenschwalde in Eastern Germany,…
Read moreEC should propose 11% green gas target for 2030 – gas group
(Montel) The European Commission should quickly introduce an 11% renewable gases target for 2030 to ramp-up production and…
Read moreCapital Energy takes 620 MW in Spanish green auction
(Montel) Spanish firm Capital Energy was awarded 620 MW of wind capacity in Spain’s 3 GW renewables auction…
Read moreEC clears EUR 2.9bn state aid for 12-country battery project
(Montel) The European Commission on Tuesday cleared EUR 2.9bn in state aid from 12 EU countries to jointly…
Read moreN Europe set for colder-than-normal February – forecasters
(Montel) Northern parts of Europe will see cooler-than-normal temperatures for most of February, while milder conditions will…
Read moreCarbon moves lower with gas, coal
(Montel) European carbon fell on Tuesday with lower prices in the gas and coal markets amid a milder…
Read moreItaly aims for 5 GW floating wind by 2040 – Anev
(Montel) The Italian wind energy sector is targeting 5 GW of floating offshore wind capacity between 2030 and…
Read moreGerman onshore wind to grow 2-2.5 GW in 2021 – lobby groups
(Montel) Germany’s onshore wind capacity should grow by 2-2.5 GW this year, up from growth of 1.2…
Read moreHeat pumps could cut Polish power use by 1.5 GW – think tank
(Montel) Poland should incentivize replacing coal furnaces with heat pumps in homes to help balance the Polish power…
Read moreGreen tenders critical for EU climate targets – analysts
(Montel) Renewables auctions and other green energy support schemes would be essential in achieving the EU’s climate targets,…
Read moreGerman February power falls as chance of cold recedes
(Montel) Germany’s front-month power contract has lost more than EUR 5 since Monday’s intraday high, as weather forecasts…
Read moreFront-month gas prices fall on milder outlook
(Montel) European front-month gas prices continued to edge down on Tuesday as weather forecasts turned milder, although…
Read moreLNG share of Europe gas mix may hit 27% by 2030 – analyst
(Montel) LNG’s share of the European gas mix could rise from 23% in 2019 to 27% by…
Read moreNordic power trades flat on conflicting weather outlook
(Montel) Nordic power futures traded mostly sideways on Tuesday amid conflicting weather forecasts, with some predicting cold conditions…
Read moreEuropean power grid split started in Croatia – Entso-E
(Montel) Outages in Croatia triggered the split in the European power grid on 8 January which forced around…
Read moreEuropean hydrogen demand set to soar – analysts
(Montel) Hydrogen demand in Europe will rise eight-fold to 2,500 TWh by 2050, as countries strive to meet…
Read moreGerman spot power set for 3% drop amid lower exports
(Montel) German day-ahead power prices looked set to ease on Tuesday by more than EUR 1, as net…
Read moreEnel to decommission 2 coal-fired units (336 MW) in August
(Montel) Italian energy firm Enel will decommission units 1 and 2 of its coal-fired power Fusina plant…
Read moreCrude oil rises on expectations of tighter global supply
(Montel) Crude oil prices were rising – hitting their highest levels in about a week – on Tuesday…
Read moreEU foreign ministers urge end to global unabated coal use
(Montel) EU foreign ministers want to see a global phase-out of unabated coal used to produce energy as…
Read moreEnergy complex softens on weak fundamentals
(Montel) European contracts for carbon, gas and coal weakened on Monday amid forecasts of mild weather, the…
Read moreNext round of EU’s 2030 CO2 cut talks due 2 February
(Montel) The next round of informal talks to agree the EU climate law, including a more ambitious 2030…
Read moreGerman February power falls on mild outlook, weaker gas
(Montel) German front-month power fell on Monday, following milder temperature forecasts and weakness in the European gas…
Read moreTSOs delay 2.2 GW France-Spain power link start-up to 2027
(Montel) TSOs delayed the planned start-up of a 2.2 GW interconnector between France and Spain by two years…
Read moreGerman insurer buys Dutch 110 MW solar farm
(Montel) German insurance company Versicherungskammer bought the largest operating Dutch solar farm, Vlagtwedde (110 MW), from Impax Asset…
Read moreChina to relax coal import restrictions in H1 – analyst
(Montel) China is likely to temporarily ease restrictions on coal imports in the first half due to…
Read moreSpanish spot power may jump up to EUR 7 on less wind
(Montel) Spanish spot power prices may jump to average EUR 7 more than last week on reduced wind…
Read moreGas prices fall amid milder forecasts
(Montel) European gas prices fell on Monday morning, after bearish sentiment relating to mild weather forecasts and an…
Read moreHigher demand set to provide support for coal prices
(Montel) European coal prices this week face some continued profit-taking from recent highs and bearish technical signals,…
Read moreNordic March power hits record high on cold, dry forecasts
(Montel) Nordic front futures were trading higher on Monday – with the March contract hitting a record high…
Read moreRenewable energy overtakes fossils in EU power mix
(Montel) The European Union for the first time generated more power with renewable energy than fossil fuels…
Read moreSpanish GO prices could slide on oversupply – analysts
(Montel) The price of Spanish guarantees of origin (GOs) could drop this year due to the large number…
Read moreBP receives first LNG vessel for Chinese market
(Montel) Energy giant BP received its first cargo of LNG at the Guangdong Dapeng LNG (GDLNG) import…
Read moreAudax buys 2 GW solar portfolio in Iberia and Italy
(Montel) Spanish utility Audax has bought several photovoltaic projects with a combined capacity of 1.9 GW in Spain,…
Read moreGerman spot power eyes small gain as exports, demand rise
(Montel) German day-ahead power prices were on track to edge up less than EUR 1, as rising demand…
Read moreOil prices gain slightly despite ongoing pandemic concerns
(Montel) Crude oil turned higher early on Monday amid hopes of US economic stimulus measures, despite continuing…
Read moreEuropean coal slips to multi-week lows
(Montel) European coal prices fell to multi-week lows on Friday amid muted trading and signs of improved March…
Read moreGermany to shut 15 GW of conventional capacity by 2024 – BNA
(Montel) Operators of conventional power plants – largely coal, lignite and nuclear – in Germany are set to…
Read moreForward curve implies early end to German lignite – expert
(Montel) German utilities may be forced to close lignite-fired power plants well before an official exit date…
Read moreGerman front-year power drops in line with carbon
(Montel) Germany’s front-year power contract fell on Friday after similar losses in the carbon market.…
Read moreLithuania plans 200 MW battery reserve
(Montel) Lithuanian state-owned energy group Epso-G is setting up a subsidiary named Energy Cells for the installation of…
Read moreEUAs set to trade flat in run-up to 1st auction
(Montel) EUAs are likely to consolidate around current levels next week as the market anticipates the resumption of…
Read moreGBP 85bn needed to unlock UK’s green potential – economist
(Montel) The UK would require an GBP 85bn post-Covid 19 stimulus package to transition to a green economy…
Read moreEuropean hydrogen GO system could launch in 2021 – Enagas
(Montel) A guarantee of origin (GO) system for green hydrogen is essential in Europe and could be functional…
Read moreGerman wind output hits record high 46.9 GW amid storm
(Montel) German wind turbines produced a record high 46,901 MW of power on Thursday morning, data from Montel’s…
Read moreASN chief warns of "nuclear shutdown" due to waste overload
(Montel) The head of France’s ASN nuclear safety authority, Bernard Doroszczuk, has warned the nuclear industry could face…
Read moreCold, low wind in Germany to tighten power supplies
(Montel) Germany was set for a tighter power supply balance amid chillier weather and weaker wind output…
Read moreNordic power futures rebound on colder, drier outlook
(Montel) Nordic power futures rose across the board on Friday, after the previous day's fall, on the back…
Read moreGerman front-week power rises as wind output set to slump
(Montel) German spot power looked set to average more than EUR 50/MWh next week as forecasters on…
Read moreVattenfall, Shell plan 100 MW hydrogen plant in Hamburg
(Montel) Swedish energy firm Vattenfall plans to build a hydrogen electrolyser (100 MW) at the Hamburg site…
Read moreNordic price zone rejig on hold ahead of Acer report – TSO
(Montel) Plans to reorganise the bidding zones in the Nordic spot power market may be put on hold…
Read moreAlgerian gas flows to Italy cut by 25% for Friday – Eni
(Montel) Gas supply from Algeria to Italy has been cut by about 25% for Friday, Italian energy…
Read moreMEPs demand Nord Stream 2 halt after Navalny arrest
(Montel) The European Parliament has urged member states to strengthen sanctions against Russia and to stop the…
Read moreOil falls on persistent concerns about virus demand impact
(Montel) Oil prices were falling on Friday amid increasing concerns of the impact of the coronavirus pandemic on…
Read moreCarbon rises to 1-week high on expected cold
(Montel) European carbon allowances rose nearly 4% on Thursday in response to an expected cold spell, which…
Read moreTSOs must provide Acer with full 70% flow data – EC
(Montel) TSOs must provide full data to enable regulatory agency Acer to monitor their compliance with the EU’s…
Read moreUK’s solar capacity jumps nearly 30% in 2020
(Montel) The UK’s installed solar capacity rose by almost 30% year on year to 13.9 GW in 2020,…
Read moreGerman Cal 22 power gains in line with carbon
(Montel) Germany’s front-year power contract gained along with higher carbon prices on Thursday, but its recovery by almost…
Read moreLimited space to hinder German offshore wind target – lobby
(Montel) Germany may struggle to find sufficient space to meet its offshore wind capacity target of 40…
Read moreNord Pool power volumes hit 995 TWh in 2020
(Montel) Oslo-based power exchange Nord Pool saw 995 TWh traded last year, it said on Thursday.…
Read moreGermany to challenge Spain in PPA growth – report
(Montel) Germany looks set to challenge Spain as the leading power purchase agreement (PPA) market this year thanks…
Read moreRussian coal exports to Europe via Riga slump 72% in 2020
(Montel) Russian coal exports to Europe via Riga in Latvia slumped 72% last year as exporters raised…
Read moreStatkraft, RWE plan 68 MW Ireland battery storage project
(Montel) Statkraft has partnered with German utility RWE to operate 68 MW of upcoming battery storage capacity…
Read moreNewcastle coal tops USD 90/t on tight supply
(Montel) Asia’s benchmark Newcastle coal price breached USD 90/t for the first time in nearly two years…
Read moreOffshore wind cost to be lower than onshore by 2030 – Pareto
(Montel) Offshore-wind development costs are set to continue dropping significantly this decade, making them lower than for onshore…
Read moreNo price impact from new French GO rules – analysts
(Montel) Stricter rules on traceability of renewable power in France were unlikely to boost the low prices of…
Read moreUK renewables firm, asset manager to develop 200 MW solar
(Montel) UK renewables company Anesco and asset manager Gresham House are set to develop a 200 MW…
Read moreNordic power curve falls on milder outlook, low spot
(Montel) Nordic power futures traded down across the board on Thursday amid a slightly milder outlook, lower…
Read moreLNG prices to remain firm at USD 8-10 in H1 – bank
(Montel) Asia-Pacific benchmark LNG prices will remain relatively firm – at USD 8-10/MMbtu (EUR 22.50-28/MWh) – in…
Read moreDanish, German TSOs mull power cable between 2 nations
(Montel) The Danish and German TSOs Energinet and 50Hertz have signed an agreement to explore the feasibility of…
Read moreWind output plunge to push German spot power higher
(Montel) German day-ahead power could jump 41% on Thursday as wind generation falls and temperatures dip in…
Read moreForecasters downplay risk of another “Beast from the East”
(Montel) A repeat of the freezing cold “Beast from the East” that hit northern and western Europe…
Read moreOil extends gains despite reported rise in US inventories
(Montel) Oil prices extended the previous day's gains early on Thursday as hopes of more US government stimulus…
Read moreBiden signs order for US to rejoin Paris climate pact
(Montel) The US will rejoin the 2015 Paris Agreement on climate change, after President Joe Biden signed an…
Read moreCO2, gas soften as rebounds stall
(Montel) European carbon and gas prices softened slightly on Wednesday, following a sharp rebound off a week-long…
Read moreEUAs to reach EUR 50/t by 2023 – Icis
(Montel) EUA prices should reach EUR 50/t by 2023, as the market grapples with a drop in annual…
Read moreNord Stream 2 hangs in balance after sanctions – analysts
(Montel) Russia’s plans to complete its Nord Stream 2 gas pipeline to Germany hang in the balance…
Read moreGerman Cal 22 power hovers near EUR 50 as CO2 falls
(Montel) Germany’s benchmark power contract hovered near EUR 50/MWh on Wednesday amid weaker prices in the carbon market. …
Read moreCold outlook, depleted storage boost European gas
(Montel) European gas prices rose on Wednesday amid concern that a potential cold snap in February would coincide…
Read moreGerman Cal 22 to average EUR 49 in post-virus boost – poll
(Montel) Germany’s front-year power contract could average EUR 49.22/MWh this year, boosted by the country’s nuclear and coal…
Read moreNordic front power jumps EUR 2 on cold outlook, strong fuels
(Montel) Nordic power prices rose up to EUR 2 on Wednesday – with the strongest gains in the…
Read moreEU faces 4 GW shortfall in peak supply to 2030 – think tank
(Montel) The EU will face a 4 GW shortfall in peak supply until 2030 without introducing further…
Read moreBHP coal production falls 30% on Cerrejon strike
(Montel) Anglo-Australian mining firm BHP’s thermal coal production fell 30% year on year to just 8.2m tonnes…
Read moreItaly’s solar power faces obstacles from farmers, red tape
(Montel) Renewable companies are lining up to invest in Italy’s solar industry, but projects face hindrances such as…
Read moreRobust wind, mild weather to pressure German spot power
(Montel) German day-ahead power could drop 20% on Wednesday amid sustained high wind production, while milder conditions…
Read moreOil rises on “big” US stimulus hopes under Biden White House
(Montel) Oil prices rose early on Wednesday amid optimism that a Biden administration will pave the way for…
Read moreCarbon snaps week-long losing streak
(Montel) European carbon prices halted a week of losses on Tuesday to rebound by roughly 4% as…
Read moreAlta Capital secures funding for 840 MW Italy solar projects
(Montel) UK based Alta Capital has secured financing to build solar PV projects for a total capacity of…
Read moreEnvironmental groups seek closure of Cerrejon coal mine
(Montel) Environmental groups on Tuesday called for the closure of the Colombian Cerrejon coal mining complex, although…
Read moreEuropean cost for floating offshore wind to halve by 2030
(Montel) The European cost of floating offshore wind is set to fall to EUR 40-60/MWh by 2030, according…
Read moreShell to install Dutch solar park (30 MW) by November
(Montel) Anglo-Dutch energy giant Royal Dutch Shell plans to begin construction of its 30 MW Sas van…
Read moreVattenfall eyes 200-500 MW Swedish hydrogen plant
(Montel) Vattenfall plans to carry out a preliminary study for a green hydrogen plant in Sweden with local…
Read moreAustria wants to pass renewables law this year – minister
(Montel) Austria wants to pass a new renewables deployment law this year, said energy minister Leonore Gewessler on…
Read moreAudax buys 33 MW Spanish solar capacity from Idena
(Montel) Spanish company Audax has purchased several photovoltaic projects in Spain from Idena Solar with a combined capacity…
Read moreGerman agency suspends Nord Stream 2 construction permit
(Montel) A permit for the construction of the Nord Stream 2 gas pipeline – linking Russia and…
Read moreGerman front power jumps EUR 2 on CO2, colder outlook
(Montel) German front-month power prices climbed 5% on Tuesday amid a rebound in carbon and forecasts of…
Read moreCoal supply shortfall could last to 2025 – analyst
(Montel) The global thermal coal seaborne market faces a deficit of around 19m tonnes in 2021, which…
Read moreTSOs, bourses fix risk to CWE market coupling
(Montel) TSOs and power exchanges in central-west Europe (CWE) resolved a problem with the Euphemia algorithm used…
Read moreGas prices rebound amid strong Asian market
(Montel) Front-month prices in the UK and continental Europe rose on Tuesday following four days of declines in…
Read moreSummer gas prices may spike on low German storage – analysts
(Montel) German gas storage levels fell to their lowest since 2017 in mid-January amid a cold spell, which…
Read moreSpain to see 0.3 GW floating offshore wind by 2026 – Equinor
(Montel) Spain could have up to 300 MW of floating offshore wind capacity online by 2026 with the…
Read moreNorway’s Aker to buy 75% of Ireland’s Mainstream Renewable
(Montel) Norwegian industrial group Aker agreed to buy a 75% stake in Irish renewables developer Mainstream Renewable Power,…
Read moreGazprom sells 1.6 TWh of gas in early January
(Montel) Russian energy company Gazprom sold 1.55 TWh (0.15bcm) of gas via the company’s electronic sales platform (ESP)…
Read moreCoal handling slumps 36% at European ports in 2020
(Montel) Amsterdam, Rotterdam and Antwerp (ARA) handled a combined 26m tonnes of coal last year, down 36%…
Read moreNordic power rises on cold outlook for February
(Montel) Nordic power contracts gained on Tuesday amid a fresh four-week forecast showing cold weather in the region…
Read moreFinnish fund, Masdar acquire 2 Polish wind farms (51 MW)
(Montel) A Finnish fund managed by Taaleri Energia and Abu Dhabi’s renewable firm Masdar have acquired two wind…
Read moreGerman spot power to dive near EUR 7 on surging wind
(Montel) German day-ahead power prices looked set to fall nearly EUR 7 on Tuesday amid surging wind power…
Read moreEon secures quotas to run reactors until mid-2021
(Montel) German nuclear plant operator Preussen Elektra, a unit of Eon, has secured 5 TWh of power production…
Read moreUK-French IFA2 cable due to start end of January
(Montel) The commercial start-up of the 1 GW IFA2 interconnector between France and the UK is due at…
Read moreCrude oil edges up but demand concerns continue to weigh
(Montel) Crude oil prices were edging up on Tuesday buts gains were set to be capped by persisting…
Read moreUS plans sanctions against Nord Stream 2 vessel – report
(Montel) The US government is planning sanctions against the pipe-laying vessel Fortuna, which is due to complete the…
Read moreItaly's power exports rise 26%, gas imports drop 7% - GME
(Montel) Italian power exports increased 26% to 8.6 TWh in 2020, mainly driven by flows to Montenegro,…
Read moreFrench strike cuts hydropower output by 1 GW
(Montel) A strike by power workers in France was cutting hydropower output by 1,000 MW at 16:00 CET…
Read moreEU power grid split may have had several causes – Entso-E
(Montel) The sudden frequency drop that split the continental European power synchronous area on 8 January may have…
Read moreOTC gas trading volumes rise 2.5% in 2020 – Leba
(Montel) Traded gas volumes in European brokered markets rose 2.5% last year to 33,505 TWh, driven mainly…
Read moreCO2 trades sideways on mixed fundamentals
(Montel) European carbon prices traded sideways on Monday as bullish fundamentals, including technical support and economy recovery hopes,…
Read moreItalian GO prices plunge 74% to 4-year low – GME
(Montel) The average price of Italian guarantee of origin (GO) plummeted 74% to EUR 0.12/MWh in 2020, the…
Read moreSpanish power prices set to fall on more wind, waning demand
(Montel) Spanish spot power prices are set to fall this week amid more wind and less demand, while…
Read moreFinland must invest EUR 3bn in grid to hit 2035 target – TSO
(Montel) Finland will have to spend roughly EUR 3bn on upgrading its power grid over the next 15…
Read moreMilder outlook weighs on German front-month power
(Montel) German front-month power prices continued to shed value on Monday following a steep decline in the…
Read moreNovatek's LNG sales fall 30% in 2020
(Montel) Russian gas firm Novatek saw a 30% drop in LNG sales on the international market to 8.9bcm,…
Read moreUK needs new finance model for nuclear – experts
(Montel) The UK must adopt a regulated asset base model (RAB) to kickstart investment in nuclear development,…
Read morePolish utilities sign joint deal to develop offshore wind
(Montel) Polish state-owned utilities PGE, Tauron and Enea signed a letter of intent on Monday to construct offshore…
Read moreCoal market to ease as demand softens
(Montel) European coal prices could soften further this week amid sluggish spot demand, weaker gas prices and…
Read moreTTF front-month gas sheds nearly EUR 1 on milder forecasts
(Montel) Europe’s benchmark front-month gas prices on the Dutch TTF hub extended losses on Monday in response…
Read moreItaly approves small-scale LNG terminal
(Montel) A project to build a small-scale 32,000 cubic metre LNG storage, supply and distribution terminal in the…
Read moreNordic power edges up on colder outlook
(Montel) Nordic front futures edged up on Monday as forecasts indicated cold, dry weather would return from…
Read morePolish power demand hits record high 27.5 GW
(Montel) Polish power demand on Monday rose to a record high 27,451 MW at 10:45 CET, said TSO…
Read moreFrench hydropower output set to hit record high – EQ
(Montel) France’s hydropower generation should reach a record high at the end of the month of around 240…
Read moreEuropean LNG terminals expect 2.1bcm this week
(Montel) LNG vessel arrivals at key European destinations could total 2.1bcm this week, potentially bringing imports since…
Read moreOil prices drop on coronavirus lockdown concerns
(Montel) Crude oil fell early on Monday on continuing concerns about demand being hit hard by lockdown…
Read moreSpanish PPAs hover near EUR 33 ahead of renewables auction
(Montel) Spanish power purchase agreement (PPA) prices hovered around EUR 33 as the market held its breath ahead…
Read moreGerman spot power to fall below EUR 50 on strong wind
(Montel) German day-ahead power prices looked set to slump roughly EUR 10/MWh, as forecasters anticipated a further…
Read moreGermany’s CDU opts for steady energy course with new leader
(Montel) The new leader of Germany’s Christian Democrats (CDU), Armin Laschet, is likely to continue with the…
Read moreCarbon slides nearly 5% on tumbling gas prices
(Montel) European carbon emission allowances plunged in Friday’s session due to falling gas prices reacting to milder…
Read moreGerman Cal 22 power slides below EUR 49 with CO2 dive
(Montel) Germany’s front-year power contract fell below EUR 49/MWh on Friday in line with sliding carbon, down more…
Read moreCO2 unlikely to visit new high in volatile market
(Montel) EUAs are likely to consolidate around their current levels of EUR 32-33/t in the coming week in…
Read moreGas prices fall further amid milder outlook, LNG hopes
(Montel) European gas prices fell for a third day on Friday amid a milder than usual outlook for…
Read moreGerman coal imports may slump 27% in 2021 – trade group
(Montel) German thermal coal imports could decline 27% this year to just 15.5m tonnes amid poor competitiveness…
Read moreEDF split may occur after 2022 election – Opera Energie
(Montel) The EDF restructure may have to wait until years after the 2022 French election barring a…
Read moreNordic front power rises as cold, dry weather set to return
(Montel) Nordic front futures traded higher on Friday, as cold and dry weather seemed likely to return to…
Read moreGerman front-week power falls below EUR 50 as wind gains
(Montel) German spot power looked set to continue to ease from recent two-year highs next week as…
Read moreVerbund lauds green hydrogen but highlights cost concerns
(Montel) Austria’s biggest power producer Verbund aims to play a “leading role” in Europe’s developing green hydrogen market,…
Read moreWTI rises on Biden’s USD 1.9 trillion stimulus package
(Montel) WTI oil was rising on Friday on the back of the announcement of US president-elect Joe Biden’s…
Read moreCO2 falls amid profit-taking, lower gas
(Montel) European carbon prices fell on Thursday amid profit-taking after the Dec 21 EUA contract had reached a…
Read moreNord Stream 2 pipe-laying vessel heads for Danish waters
(Montel) The pipe-laying vessel, Fortuna, being used to help build the Nord Stream 2 gas pipeline headed…
Read moreNordic power curve falls on lower system price
(Montel) Nordic power futures close to delivery fell on Thursday afternoon, as traders reacted to a lower-than-expected benchmark…
Read moreGerman Cal 22 power falls with lower carbon, more wind
(Montel) German power for delivery next year fell on Thursday amid a weaker carbon price, more wind and…
Read moreMilder weather forecast drags down gas prices
(Montel) European gas fell on Thursday amid milder weather expectations and losses on the Asian LNG market. …
Read moreEUA prices may average up to EUR 38/t this year – analysts
(Montel) EUA prices could average EUR 38.36/t in this year amid increasing optimism over an economic recovery in…
Read moreRWE CEO urges introduction of German capacity market
(Montel) Germany will need to reconsider the implementation of a capacity market to spur the construction of new…
Read moreNordic spot set to near 5-year high on cold weather
(Montel) Nordic spot power prices could approach a five-year high on Friday, as freezing weather conditions may lead…
Read moreNewcastle coal jumps 8% on Asian cold
(Montel) Asia’s benchmark coal price rose 8% in the week through to Thursday as cold conditions elevated…
Read moreGerman power could be carbon neutral by 2040 – Altmaier
(Montel) German power generation could reach carbon neutrality around 2040 despite forecasts of rising power demand and just…
Read moreCapesize vessel rates surge to 3-month high
(Montel) The global capesize vessel index has surged nearly 60% since the start of 2021 to a…
Read moreRinghals 1 (881 MW) restart ruled out as plant closes
(Montel) The Swedish Radiation Safety Authority said on Thursday it had received a notification from utility Vattenfall over…
Read moreGermany approves lignite phase-out contract
(Montel) Germany’s Bundestag on Wednesday approved a contract for phasing out lignite power generation by 2038 and…
Read moreGerman spot power eyes 2-year high
(Montel) German day-ahead power could soar EUR 9 on Thursday, which would mark a two-year high, amid…
Read moreOil prices slip from highs on demand concerns
(Montel) Oil prices slipped from recent 11-month highs on Thursday morning amid concerns that the pandemic could lead…
Read moreCross-border ties vital to offshore infrastructure – TSO
(Montel) Countries bordering the North Sea need to cooperate in building new offshore energy infrastructure to meet…
Read moreFuels slide amid widespread profit-taking
(Montel) European coal and gas prices slid several euros, in some cases, in Wednesday trading from around…
Read moreGerman coal exit to be “much faster” than planned – minister
(Montel) Germany’s exit from coal-fired power production is likely to happen “much faster” than 2038 as the EU…
Read moreNorway hydro surplus may disappear by mid-February – EQ
(Montel Norway’s surplus of hydropower in storage could disappear by mid-February if the weather stays cold and dry,…
Read moreGerman Cal 22 power falls from 17-month high on CO2 drop
(Montel) Germany’s benchmark front-year power contract moved in line with the carbon market on Wednesday as it retreated…
Read moreVattenfall CEO urges CFD support for German offshore wind
(Montel) Anna Borg, CEO of Swedish utility Vattenfall, called on Wednesday for Germany to switch to a…
Read moreUK spot power hits GBP 1,500 again amid supply concerns
(Montel) Power for delivery on Thursday during 17:00-18:00 GMT in the UK hit GBP 1,500/MWh again amid…
Read moreGas prices retreat EUR 3 on milder weather outlook
(Montel) European gas prices retreated up to EUR 3 from some of their highest levels in more…
Read morePoland sees 2.3% fall in power demand in 2020
(Montel) Polish power consumption fell 2.3% last year to 165.5 TWh, while output from the country’s power plants…
Read moreCoal’s share of UK power mix jumps on renewables shortfall
(Montel) UK coal-fired generation levels have risen sharply to an average of nearly 5% of the power…
Read morePolish power imports jump 27% in 2020 to near 15 TWh
(Montel) Poland's power imports jumped 27% year on year to 14.7 TWh in 2020, data from TSO PSE…
Read moreNordic front power dives near EUR 3 on milder outlook
(Montel) Nordic power futures close to delivery fell near EUR 3 earlier on Wednesday morning as some…
Read moreTrading on Baltic gas exchange more than doubles in 2020
(Montel) Trading volumes on Lithuania-based gas exchange Get Baltic more than doubled to 7.2 TWh last year amid…
Read moreUS LNG exports to rise 9% next year – EIA
(Montel) US LNG exports could rise 8.7% next year to average 9.22bn cubic feet per day (bcfd)…
Read morePlunging wind to boost German spot power by EUR 28
(Montel) German day-ahead power could leap by as much as EUR 28 on Wednesday amid a severe…
Read moreOil prices hit 11-month high on falling stocks
(Montel) Oil prices extended gains on Wednesday – with prices hitting 11-months highs – on expectations of a…
Read moreCarbon hits fresh high on strong energy complex
(Montel) European carbon prices extended recent all-time highs above EUR 35/t on Tuesday amid a strong energy…
Read moreSpanish front-month gas trades at EUR 7 premium over TTF
(Montel) The Spanish gas contract for February climbed to EUR 32.90/MWh on Tuesday, a premium of EUR…
Read moreCold spell may see Nordic spot exceeding German – analyst
(Montel) With weather forecasts showing a sustained period of cold, dry weather in the Nordic region, soaring spot…
Read morePandemic end could slow intraday growth in 2021 – researcher
(Montel) An end to the coronavirus pandemic could, at least temporarily, slow the growth of German continuous…
Read moreGerman front-year power hits fresh 15-month high
(Montel) Germany’s benchmark front-year power contract hit its highest level in 15 months on Tuesday as fuels…
Read moreGas prices jump to more than 2-year highs
(Montel) European gas prices surged to more than two-year highs in early Tuesday trading, underpinned by anticipation…
Read moreUK power for Wednesday evening nears GBP 1,500 on low wind
(Montel) Power for delivery on Wednesday during 17:00-18:00 GMT in the UK soared near a record GBP…
Read moreUK gas trading unaffected by EU withdrawal – TSO
(Montel) The UK gas market has been largely unaffected by the country’s departure from EU trading rules…
Read moreUK-Danish power flows still profitable after Brexit – TSO
(Montel) The 1.4 GW Viking power link between Denmark and the UK still makes economic sense even though…
Read moreNordic power jumps EUR 3 to fresh high on cold outlook
(Montel) Nordic power futures rose across the board on Tuesday, with February soaring EUR 3 to a record…
Read moreGerman green energy fund sees record EUR 4.4bn deficit
(Montel) The German green energy fund slid to a record deficit of EUR 4.37bn in 2020, data…
Read moreS Korea coal, LNG imports slide more than 10% in December
(Montel) South Korea’s thermal coal and LNG imports in December fell 12% and 11%, respectively, on the…
Read moreOil hovers around pre-virus levels buoyed by Saudi cuts
(Montel) The oil market was rising on Tuesday – with prices around pre-coronavirus levels – continuing to be…
Read moreWind overtakes coal in Texas energy mix for 1st time
(Montel) Wind overtook coal for the first time in the energy mix in the US state of Texas…
Read moreGas bucks weaker trend for energy commodities
(Montel) European gas prices continued to hit some of their highest levels in two years on Monday,…
Read moreRussia supplies record coal volumes to Turkey
(Montel) Turkey’s thermal coal imports from Russia jumped 16% on the year in November to a multi-year…
Read moreEC clears Spanish credit guarantee for renewable PPAs
(Montel) Spain can go ahead with its state financial support scheme for power purchase agreements (PPAs) signed by…
Read moreSpain spot power to rise on cold weather
(Montel) Spanish spot power prices are set to continue rising this week amid low temperatures, while the February…
Read moreSpanish spot, front-month gas fall on more supply
(Montel) Spanish spot and front-month gas prices dropped on Monday on increased flows from Algeria and higher LNG…
Read moreEuropean coal prices gain support from gas, weather
(Montel) European coal prices will gain further support this week from surging gas prices and the prospect…
Read moreTTF February gas jumps near EUR 2 to 2-year high
(Montel) Front-month prices on Europe’s largest gas hub – TTF – shot up nearly EUR 2 on…
Read moreItalian power demand drops 5% in 2020, output down 4% – TSO
(Montel) Power demand in Italy dropped 5.3% to 302,751 GWh last year from 319,622 GWh the previous year,…
Read moreNordic power hits fresh high amid cold, dry outlook
(Montel) Nordic front futures gained further on Monday with February hitting a fresh high of EUR 41.80/MWh as…
Read moreAustralia’s Newcastle coal exports drop 4.2% in 2020
(Montel) Coal exports from the key Australian export port of Newcastle fell 4.2% last year as the…
Read moreOil prices drop on pandemic lockdown concerns
(Montel) Crude oil fell early on Monday on continuing concerns about demand being hit hard by lockdown measures…
Read moreGerman spot power eyes 7% drop amid strong wind output
(Montel) German day-ahead power prices were on track to drop almost EUR 4 on Monday, as green output…
Read moreFrench TSO halts supply to industrials after grid incident
(Montel) French TSO RTE halted power supply to 16 industrial sites for two hours on Friday after a…
Read moreCO2 retreats from record above EUR 35/t
(Montel) Carbon pared gains on Friday after hitting a record high above EUR 35/t earlier in the…
Read moreGerman front-year power drops after initial gain on carbon
(Montel) Germany’s front-year power contract fell on Friday afternoon after initially gaining on a new high in the…
Read moreSpanish front-month gas, power hit new highs
(Montel) Spain’s front-month gas contract reached EUR 35.75/MWh on Friday, the highest level since the Mibgas exchange was…
Read moreCarbon likely to consolidate around EUR 35 amid cold weather
(Montel) EU carbon prices are expected to consolidate around the EUR 35 mark in the coming week, as…
Read morePower, gas trading volumes on Poland’s TGE rise to record
(Montel) Trading volumes of gas and power futures contracts listed on Polish energy exchange TGE rose to record…
Read moreCold, dearth of LNG push front month gas to 2-year high
(Montel) Key European gas prices surged to a two-year high on Friday, as forecasts showed colder weather…
Read moreConsortium gets EU funding for offshore hydrogen project
(Montel) A European consortium received EUR 5m in EU funding to investigate the feasibility of producing and transporting…
Read moreGO prices will struggle to recover this year – analysts
(Montel) Prices for guarantees of origin (GOs) in Europe will struggle to recover in 2021 and could…
Read moreGerman gas output boom, coal drop to slow in 2021 – analysts
(Montel) German gas plants produced the most power in nine years last year while coal and lignite output…
Read moreNordic spot eyes EUR 50 in January on cold, dry outlook
(Montel) Nordic power spot prices could average close to a two-year high of EUR 50/MWh this month, up…
Read moreRespect Energy to build 203 MW solar farm in Poland
(Montel) Polish renewables firm Respect Energy plans to build a 203 MW solar farm in northern Poland, the…
Read moreCO2 exceeds EUR 35/t for first time on rising energy prices
(Montel) Benchmark carbon allowances rose above EUR 35/t for the first time as continued concerns over cold weather…
Read moreGerman spot power to edge down next week amid stronger wind
(Montel) German spot power looked set to ease next week as forecasts showed wind strengthening although temperatures…
Read moreOil prices hover near 11-month highs amid tightening supply
(Montel) Oil prices rose to their highest levels since February 2020 early on Friday amid signs of tighening…
Read moreFrench TSO issues power supply red alert for Friday
(Montel) French grid operator RTE has issued a red alert for power supplies on Friday morning, urging people…
Read moreCarbon gains on strong energy complex
(Montel) European carbon prices continued to climb on Thursday with support from a strong energy complex lifted…
Read moreUK investor buys Finnish wind power (171 MW) from OX2
(Montel) Investment firm Renewable Power Capital agreed to buy three onshore wind power projects in Finland (171 MW)…
Read moreGerman state parliament votes for Nord Stream 2 foundation
(Montel) The parliament of German state Mecklenburg-Western Pomerania gave the green light on Thursday for creating a…
Read moreUBS predicts sharp correction in Asian LNG price this year
(Montel) UBS expects Asian LNG prices to retreat from their present surge and ultimately average below 2019…
Read moreFrench energy minister postpones lower house hearing on EDF
(Montel) French energy minister Barbara Pompili has postponed a parliamentary hearing on the restructuring of state-owned EDF from…
Read moreSpanish gas, power hit multi-year highs
(Montel) Spanish spot gas and power prices reached multi-year highs on Thursday, with electricity baseload for Friday settled…
Read moreGerman front-year power rises on new vaccine, CO2 high
(Montel) German front-year power rose on Thursday, as market sentiment was boosted amid a new coronavirus vaccine being…
Read moreSpain needs more rules to boost battery storage – experts
(Montel) Spain needs additional new regulations encouraging battery use to help balance the country’s power system and support…
Read moreNordic system price nears 5-year high on cold weather
(Montel) The Nordic system price for Friday out-turned at EUR 71.56/MWh amid cold weather, up 13% from Thursday…
Read moreUK gas set to remain at 1-year highs in Jan on tight supply
(Montel) UK gas prices will likely remain close to recent one-year highs this month as a relative…
Read moreGas prices rise with high CO2, low temperatures
(Montel) Gas prices rose on Thursday in line with a record high for CO2, low prospects for…
Read moreTSO to make announcement on Cobra restart next week
(Montel) Dutch TSO Tennet has located the fault on the 700 MW Dutch-Danish Cobra interconnector (700 MW)…
Read moreNordic front power hits fresh highs on extended cold outlook
(Montel) Several Nordic power futures contracts traded at fresh record highs on Thursday, as forecasts showed an extended…
Read moreSubdued wind, cold to lift German spot power
(Montel) German day-ahead power could rise as much as EUR 4 on Thursday amid low wind and…
Read moreBelgium sees record high renewables share in 2020 – TSO
(Montel) Renewable energy made up a record high share – 18.6% – in the Belgian power mix last…
Read moreCrude oil rises on supply side issues, US stimulus hopes
(Montel) Crude oil prices were continuing to rise on Thursday amid reaction to a surprise cut in Saudi…
Read moreCoal, gas soften further amid weaker demand
(Montel) European coal and gas prices dropped further in Wednesday trading amid the prospect of milder weather,…
Read moreNorway hydropower output to hit record high in January – EQ
(Montel) Norwegian hydropower production was set to hit a new monthly record of 17.5 TWh in January, due…
Read moreGerman Cal 22 power remains below EUR 50 on mild outlook
(Montel) Germany’s benchmark power contract failed to establish itself above the EUR 50/MWh mark on Wednesday as forecasts…
Read moreFrench spot power hits 2-year high on low wind, cold weather
(Montel) The French power spot price for Thursday jumped nearly EUR 12 to its highest level since…
Read moreUK power retreats from record high as supply improves
(Montel) The UK day-ahead power price plunged GBP 53, after hitting a record GBP 145/MWh for Wednesday…
Read moreNordic spot hits 2-year high amid cold weather, low wind
(Montel) The Nordic system price for Thursday settled at EUR 63.48/MWh, its highest since 24 January 2019, amid…
Read moreGas prices rise amid low wind outlook, power squeeze
(Montel) European gas prices gained on Wednesday amid forecasts of lower wind power generation, an ongoing cold spell…
Read moreNordic Q2 power hits 11-month high on cold outlook
(Montel) Nordic power futures rose sharply across the board on Wednesday following a weather-driven correction in the…
Read moreRenewables make up third of UK power mix in 2020
(Montel) Biomass, wind and solar accounted for nearly a third of the UK’s power mix in 2020,…
Read moreGerman spot power to rise with weaker wind
(Montel) German day-ahead power prices looked set to return to their highest levels in four weeks on…
Read moreOil prices rise on Saudi plans for production cut
(Montel) Crude oil rose early on Wednesday after Saudi Arabia’s decision to cut oil output by 1m bbl/day…
Read moreCoal drops 7% with wider complex
(Montel) European coal prices dropped sharply in Tuesday trading in tandem with sliding gas prices, but raised…
Read moreUK power for Wednesday evening soars to record GBP 1,000
(Montel) Power for delivery during 17:00-18:00 on Wednesday in the UK soared to a record GBP 1,000/MWh…
Read moreSpanish spot gas surges 58% to 3-year high of EUR 40
(Montel) The Spanish gas contract for Thursday rose by 58% from its previous close to a near three-year…
Read moreGerman Cal 22 power falls below EUR 50 with CO2
(Montel) The new front-year power contract fell back below EUR 50/MWh on Tuesday in line with CO2,…
Read moreGas prices slide EUR 1 on milder weather, power signals
(Montel) Gas prices in Europe and the UK slid up to EUR 1 on Tuesday after recent…
Read more2020 German spot power slumps EUR 7 amid virus – institute
(Montel) The average German spot power price slid EUR 7.20 year on year to EUR 30.47/MWh in…
Read moreNordic financial power volumes jump 14% to 932 TWh in 2020
(Montel) Nordic financial power volumes traded and cleared on the Nasdaq Commodities exchange rose 14% year on year…
Read moreRussian gas transit via Ukraine in 2020 lowest since 1990s
(Montel) Russian gas transit shipments to the EU and Moldova via Ukraine last year plunged 45% on…
Read moreNordic power prices fall as cold spell may be short-lived
(Montel) Nordic power futures were falling on Tuesday amid indications the current cold spell would be short-lived and…
Read moreGerman spot power to fall by almost EUR 3 amid lower demand
(Montel) German day-ahead power prices looked set to lose nearly EUR 3 on Tuesday, as a drop in…
Read moreOil trades flat as Opec postpones decision on raising output
(Montel) Oil was trading flat on Tuesday as Opec postponed a decision on whether to raise supply with…
Read moreEU, UK plan post-Brexit market coupling rules for 2022
(Montel) Long-term post-Brexit day-ahead power market coupling rules between the EU and the UK are not expected to…
Read moreSpain spot power to rise on cold weather, Cal 22 climbs
(Montel) Spanish spot power prices looked set to rebound this week amid lower temperatures, while CO2 and gas…
Read moreTTF front-month gas nears 2-year high on cold weather
(Montel) Front-month gas prices on TTF, Europe’s most liquid gas hub, neared a two-year high on Monday…
Read moreFading subsidies to boost German PPAs
(Montel) Reduced support for older renewable projects and plummeting realised prices could encourage growth in Germany’s power…
Read moreNordic February power reaches record on colder outlook
(Montel) Nordic power futures soared across the board on Monday, with February rising 15% to a new contract…
Read moreEU carbon hits new record above EUR 34 amid strong energy
(Montel) EU carbon climbed to a new record above EUR 34/t in early Monday trading, as energy prices…
Read moreOil prices rise on expectations of steady Opec output
(Montel) Crude oil rose early on Monday amid expectations that Opec and its allies would decide to maintain…
Read moreNordic spot hits 1-year high as cold starts to bite
(Montel) The Nordic system price rose to its highest level since 16 December 2019 on Monday, as cold…
Read moreSoaring Asian LNG prices to boost EU gas in Jan
(Montel) Surging prices in Asia for liquefied natural gas (LNG) will likely continue to bolster natural gas…
Read moreExtended cold, low wind output push TTF higher
(Montel) European gas prices traded near fresh two-year highs on Wednesday, lifted by colder weather, low renewable…
Read moreSpanish gas demand falls by 9.6% in 2020 – TSO
(Montel) Spain is set to finish the year with 360 TWh of gas demand, an annual decrease of…
Read moreGermany’s newest hard coal unit likely last to close – BNA
(Montel) The newest hard coal-fired power unit in Germany – Uniper’s 1.1 GW Datteln 4 – will likely…
Read moreCarbon prices set to remain near record high into new year
(Montel) EU carbon prices look set to remain strong at the start of the new year as the…
Read moreNordic power climbs on cold weather outlook
(Montel) Nordic power prices rose in early Wednesday trading, rebounding from a brief dip late in the previous…
Read moreNord Stream 2 construction to reach Danish waters in January
(Montel) Construction of the Nord Stream 2 pipeline in Danish waters should start on 15 January, with…
Read moreGerman spot power eyes 2-year high next week amid chill
(Montel) German spot power looked set to rise to EUR 60/MWh next week as forecasts showed below-average wind…
Read moreHolaluz signs 84 MW solar PPA in Spain with Enerparc
(Montel) Spanish power company Holaluz has signed a 10-year power purchase agreement (PPA) with Germany’s Enerparc to buy…
Read moreOil trades steady after API reports drop in US inventories
(Montel) Oil prices traded a shade firmer early on Wednesday after the American Petroleum Institute (API) late in…
Read moreSpain approves new grid access rules for renewables
(Montel) The Spanish government approved fresh regulation on Tuesday for obtaining grid connection permits for newly installed renewables…
Read moreEnergy trading will run “smoothly” after Brexit deal – Efet
(Montel) The trading of power and gas between the UK and continental Europe will continue “smoothly” from 1…
Read moreGermany's domestic ETS starts on 1 Jan with EUR 25/t price
(Montel) Germany’s domestic emissions trading system will begin on 1 January at a price of EUR 25/t, the…
Read moreEndesa connects 100 MW of solar power in Spain
(Montel) Spanish utility Endesa has connected two photovoltaic plants with a combined capacity of 100 MW in the…
Read moreEuropean spot gas prices remain near two-year highs
(Montel) European gas prices continued to strengthen on Tuesday amid a cooler weather outlook and strong power and…
Read moreNordic spot power may hit 13-month high next week – EQ
(Montel) Nordic spot power could average above EUR 40/MWh next week, as cold weather spurs demand and brings…
Read moreVattenfall appoints new head of Germany
(Montel) – Swedish energy group Vattenfall announced on Tuesday that current senior vice president Christian Barthelemy will…
Read moreNordic Jan power hits fresh high on colder outlook
(Montel) The Nordic power January contract hit a fresh high of 33.05/MWh on Tuesday as forecasts called for…
Read moreUniper closes 875 MW unit Heyden 4 as part of coal exit
(Montel) German power producer Uniper ended commercial operations at its 875 MW hard-coal unit Heyden 4 on Tuesday…
Read moreGerman spot power to drop nearly EUR 4 on more wind
(Montel) German day-ahead power prices looked set to fall nearly EUR 4 amid higher wind power generation.…
Read moreOil prices drift higher amid thinly traded volumes
(Montel) Oil prices drifted higher early on Tuesday, although trading volumes were relatively thin with many participants absent…
Read moreEDF completes repairs on new faults at 10 more reactors
(Montel) French utility EDF has completed repair work on new faults on back-up generators at ten of…
Read moreSpanish spot power to rise on colder weather, lower wind
(Montel) Spanish spot power prices could rise this week amid expectations of colder temperatures and lower wind generation,…
Read moreFrench front-week power jumps EUR 13 on cold snap
(Montel) French front-week power jumped over EUR 13 on Monday as forecasts for colder weather and lower…
Read moreOil prices edge up after Trump signs US stimulus bill
(Montel) Oil prices rose in early Monday trading after US President Donald Trump signed a bill to release…
Read moreRWE may reach “market dominance” status during coal exit
(Montel) Germany’s biggest power producer RWE may soon reach “market dominance” status – which could create some antitrust…
Read moreTTF spot rises to near 2-year high on cold snap
(Montel) European gas prices traded near two-year highs on Monday amid forecasts of colder weather and a…
Read moreUK and EU to “seriously consider” linking carbon markets
(Montel) The UK and the EU will “give serious consideration” to linking their respective carbon markets as part…
Read moreNordic Jan power jumps 25% amid cooler, drier outlook
(Montel) Nordic power contracts surged on Monday as fresh forecasts showed cooler and drier weather ahead, while strong…
Read moreGerman spot power eyes EUR 7 gain as wind output to wane
(Montel) German day-ahead power prices were on track to rise around EUR 7 on Monday amid a…
Read moreCarbon hits fresh high on post-Brexit deal, low liquidity
(Montel) Europe’s benchmark carbon price climbed to a fresh record high above EUR 33/t on Monday. …
Read moreDenmark, Sweden, Germany see negative weekend power prices
(Montel) Power prices fell into negative territory in Denmark and southern Sweden on Sunday amid robust wind power…
Read moreEU and UK reach trade deal agreement
(Montel) EU and UK officials on Thursday reached a free trade agreement, ending months of intense negotiations between…
Read moreCarbon and gas prices rise on UK-EU trade deal hopes
(Montel) European carbon and gas prices edged closer to recent multi-year highs on Thursday, buoyed by hopes…
Read moreCO2 rises on Brexit deal optimism
(Montel) European carbon prices rose in Wednesday trading amid hopes that the EU and UK would reach…
Read moreGerman Cal 21 power hits 14-month high on carbon support
(Montel) German power for delivery next year reached a 14-month high on Wednesday amid strong support from the…
Read moreTTF front-month gas falls after fresh 22-month high
(Montel) Front-month gas prices on the Dutch TTF hub fell on Wednesday amid profit-taking after hitting the…
Read more“Worrying” rise in French nuclear safety incidents – report
(Montel) There has been a “worrying” rise in significant safety incidents at France’s nuclear reactors since 2017, due…
Read moreSpanish front-month gas nears 2-year high, tops EUR 20
(Montel) The Spanish January gas contract hit an intraday high on Wednesday at EUR 20.05/MWh, in line with…
Read moreNordic Jan, Q1 power hit 3-week high on colder outlook
(Montel) Nordic power futures rose on Wednesday, extending gains for the fourth consecutive session, amid forecasts for colder…
Read moreEUAs hover near EUR 32/t ahead of holiday week
(Montel) EU carbon prices hovered just below EUR 32/t on Wednesday morning, with the market consolidating after recent…
Read moreAcer decides on EU cross-border capacity market rules
(Montel) EU energy regulator Acer decided on rules for power market players to participate directly in a…
Read moreRobust wind raises risk of negative German power prices
(Montel) German negative hourly power prices appeared increasingly likely, as wind power output looked set to exceed total…
Read moreAlpiq, Fu-Gen to build 73 MW Swedish wind farm
(Montel) Swiss energy groups Alpiq and Future Generation Renewable Energy (Fu-Gen) agreed to jointly build a 73 MW…
Read morePoland’s Tauron terminates coal supply deal with PGG
(Montel) Polish utility Tauron has terminated a contract for coal supplies with state-owned coal producer PGG, citing current…
Read moreTauron starts up 5 MW Polish solar farm
(Montel) Polish utility Tauron launched a 5 MW solar farm in the southern city of Jaworzno, it said…
Read moreDanish regulator warns Hofor on insider trading
(Montel) Denmark energy regulator Forsyningstilsynet issued a warning to energy producer Hofor for breaching EU regulations on insider…
Read morePolish energy firms agree to build gas-fired plant in Poland
(Montel) Polish energy companies Orlen and PGNiG have confirmed a plan to build a gas-fired power plant in…
Read moreGerman spot power to drop EUR 21 on more wind, less demand
(Montel) German day-ahead power looked set to drop more than EUR 21 on Wednesday as Christmas Eve should…
Read moreGazprom’s December gas auctions outpace full month in 2019
(Montel) Russian energy company Gazprom has sold around 8.8 TWh (0.85bcm) of natural gas via its electronic sales…
Read moreOil prices fall after API shows surprise inventory build
(Montel) Oil prices traded lower early on Wednesday after the American Petroleum Institute (API) late in the previous…
Read moreGerman gas import price drops 4.8% in October
(Montel) The price of German gas imports fell by 4.8% year on year in October to average EUR…
Read moreCarbon continues rise amid bullish sentiment
(Montel) European carbon prices rose on Tuesday, continuing their upward trend, as the bullish undertone on the market…
Read moreCapital Energy plans 125 MW renewables in Spain
(Montel) Spanish renewable energy company Capital Energy plans to build two 37.4 MW wind farms and a…
Read moreUkraine’s renewable power generation doubles in Jan-Nov
(Montel) Ukraine’s power generation from renewable sources in the first 11 months of 2020 doubled on the…
Read moreGerman January power climbs 5%
(Montel) – German front-month power rose around 5% on Tuesday, approaching its highest in nearly two years,…
Read moreFrench front-month power nears 2-year high on colder outlook
(Montel) French front-month power rose to its highest level since late January 2019 on Tuesday amid a…
Read moreOTC gas trading volumes rise 12% in November – Leba
(Montel) Traded gas volumes in European brokered markets rose 12% on the year in November, with gains…
Read moreTTF front-month gas nears two-year high amid cold spell
(Montel) Front-month gas prices neared a two-year high on Tuesday amid forecasts for colder and less windy…
Read moreNordic front-month power jumps 10% on colder outlook
(Montel) Nordic power futures traded higher on Tuesday morning amid colder weather forecasts for the first half…
Read moreCapesize vessel rates rebound from 6-month lows
(Montel) The global capesize vessel index has recovered nearly 50% from six-month lows seen a fortnight ago…
Read moreUS firm wins 38 MW of Polish solar projects
(Montel) US solar project developer ReneSola Power won 38 projects (38 MW) in the most recent Polish renewable…
Read moreGerman spot power set to soar EUR 18 as wind output plummets
(Montel) German day-ahead power prices looked set to jump almost EUR 18 on Tuesday as a drop in…
Read moreGreen Genius plans 20 MW biogas plants in Poland
(Montel) Green Genius, a renewable company owned by the Lithuanian Modus Group, plans to build biogas power plants…
Read moreBrent falls below USD 50 amid renewed demand concerns
(Montel) Oil prices slumped more than 2% early on Tuesday amid renewed demand concerns after dozens of nations…
Read moreEEX to resume EUA auctions on 29 January
(Montel) The European Union will resume auctioning of EUAs on Friday 29 January, according to bourse EEX.…
Read moreCarbon prices drop amid demand concerns, profit-taking
(Montel) European carbon prices dropped sharply in Monday trading, despite gains on the fuels markets, as concerns…
Read moreSpanish spot power to fall on lower demand, more wind
(Montel) Spanish spot power prices looked set to fall this week amid lower demand over the Christmas holidays…
Read moreEstonia, Latvia set to launch 600 MW interconnector on 1 Jan
(Montel) Construction of a new electricity cable between Estonia and Latvia has been completed and it will start…
Read moreFrench front-month power hits fresh high on chilly forecasts
(Montel) The French power front month rose to its highest level since early October 2019 on Monday…
Read moreGerman January power rises on cold outlook, low wind
(Montel) – German power contracts close to delivery rose on Monday as forecasts suggested a drop in…
Read moreR Power to launch 81 MW of solar farms in Poland in 2022
(Montel) Solar developer R Power plans to launch 81 MW in solar farms in Poland in 2022 following…
Read moreGas prices rise on Norway outage, power plant demand
(Montel) European prompt gas prices rose on Monday amid an unplanned outage at a gas field in Norway…
Read moreGerman full onshore wind tender volume awarded – regulator
(Montel) Germany’s BNA network regulator awarded the full onshore wind tender volume of 367 MW in December…
Read moreEnergy watchdogs to re-examine 2 GW UK-French power link
(Montel) Energy regulators in the UK and France will re-examine the 2 GW Aquind interconnector project after…
Read moreCoal prices flirt with new 2020 highs
(Montel) European coal prices are edging towards new 2020 highs in the final days of the year,…
Read moreNordic power futures follow Germany higher on colder weather
(Montel) Nordic power futures traded higher on Monday morning in the wake of gains in the German market…
Read moreEuropean LNG terminals expect 1.7bcm this week
(Montel) LNG vessel arrivals at key European destinations could total nearly 1.7bcm this week, potentially bringing imports…
Read moreGerman spot power eyes EUR 5 loss on wind, less demand
(Montel) (Montel) German day-ahead power prices were on track to fall more than EUR 5 on Monday, as…
Read moreStatkraft to build two onshore wind farms (63 MW) in Ireland
(Montel) Norwegian energy group Statkraft plans to build two onshore wind farms in Ireland which they plan to…
Read moreOil prices fall amid lockdowns due to new coronavirus strain
(Montel) Crude oil fell early on Monday amid concerns about demand stemming from increased lockdowns in the wake…
Read morePolish renewable auction clears at EUR 42.89-56.41/MWh
(Montel) A Polish auction for solar and wind farms with capacity below 1 MW cleared at PLN 222.87-268.88/MWh…
Read moreAcer slams Nordics, Baltics for missing 70% flow data
(Montel) Nordic and Baltic power TSOs must provide more data so that their compliance with the EU’s 70%…
Read moreSweden grants TSO exemption from 70% cross-border rule
(Montel) Swedish energy markets regulator EI has granted TSO Svenska Kraftnat a further one-year exemption from EU rules…
Read moreGerman Cal 21 power drops further with carbon
(Montel) Germany’s benchmark power contract continued its downward trajectory on Friday, mainly reacting to forecasts for rising wind…
Read moreFrench spot power set to dive EUR 11 over Christmas
(Montel) French spot power prices looked set to slump by about EUR 11 week on week amid…
Read moreSpain’s Iberdrola plans Baltic hub of 17 GW offshore wind
(Montel) Spanish utility Iberdrola plans to create a Baltic hub comprising of a total 17 GW of…
Read moreTTF gas prices fall on mild, windy outlook
(Montel) Continental European gas prices fell on Friday amid a mild, windy weather outlook, while prices in the…
Read moreEUAs set to consolidate after record highs
(Montel) EU carbon prices are expected to consolidate recent gains over the coming week as the market winds…
Read moreNordic TSOs see “flaws” in EU cross-border trading guidance
(Montel) EU guidance on cross-border trading has several “flaws” that could pose problems for Nordic TSOs to…
Read moreWinter wildcards remain for coal after “torrid” year
(Montel) European coal prices may continue to hover near year-to-date peaks in the remaining days of 2020,…
Read moreNordic power rebounds but bearish outlook remains
(Montel) Nordic power futures rose on Friday, clawing back from three consecutive days of losses, though analysts said…
Read moreGermany to end year mild and windy – forecasts
(Montel) Germany should see mild temperatures and ample wind over the Christmas period, followed by a colder spell…
Read moreNo-deal Brexit threatens GO market between UK and EU
(Montel) A system of mutual recognition between the EU and the UK regarding guarantees of origin (GOs) could…
Read moreGerman front-week power falls as demand could hit 5-year low
(Montel) German spot power looked set to fall to a five-month low next week as forecasts showed…
Read moreCoal demand to rebound nearly 3% in 2021 – IEA
(Montel) Global coal demand could rise 2.6% next year but would likely plateau over the ensuing years…
Read morePenly eyed as first site for proposed French EPRs – report
(Montel) Penly in northern France could be the first location of a proposed programme to build six new…
Read morePolish capacity auction secures 2.4 GW, clears at EUR 39.28
(Montel) A Polish capacity auction for installations providing back-up power and demand reduction for 2025 secured 2.4 GW…
Read moreEU carbon price to average EUR 39/t next year – analysts
(Montel) EU carbon prices will average around EUR 39/t next year, as the market reacts to a shrinkage…
Read moreCO2 continues rise on shortage, green targets
(Montel) European carbon prices continued their gains on Thursday as the upward trend which started early in November…
Read moreStrike curbs French power capacity by 10.4 GW
(Montel) A strike by French power workers was curbing power capacity by 10,445 MW on Thursday afternoon,…
Read moreUK appoints Ice Futures to operate country's ETS auctions
(Montel) The UK government has appointed Ice Futures as the auctioneer of UK emissions allowances for its…
Read moreGerman power drops in correction of recent rally
(Montel) German power for delivery next year fell for a second day on Thursday in a correction following…
Read moreNorway, 22 EU nations announce clean hydrogen initiative
(Montel) Norway and 22 EU countries have agreed to work together to develop a European clean hydrogen value…
Read moreLack of wind projects buoys Polish tender price – experts
(Montel) A lack of suitable onshore wind projects in Poland has buoyed the price in the nation’s latest…
Read moreGerman energy use slumps 9% to 30-year low – think tank
(Montel) Total German energy consumption fell 9% this year to its lowest level in at least 30…
Read moreGovernment to consult parliament on EDF restructure – PM
(Montel) The French government will consult parliament on the future of EDF “before undertaking reform” of the group,…
Read moreEU ministers back 55% CO2 cut for talks with MEPs
(Montel) The EU Council plans to argue for a minimum 55% cut in CO2 emissions by 2030 in…
Read moreRWE signs 10-year offshore wind PPA (56 MW) with Ineos
(Montel) RWE is set to sell 56 MW in offshore wind power to UK petrochemicals firm Ineos…
Read moreRussia’s main western coal hub exports record 25m tonnes
(Montel) Russia’s main European export terminal at Ust-Luga, near St Petersburg, has this month reached a record year-to-date…
Read moreGerman regulator slashes balancing price ceiling by 90%
(Montel) Germany’s BNA network regulator directed the country’s power grid operators to cut the maximum balancing prices…
Read moreNordic power curve slides on mild, wet outlook
(Montel) Nordic power futures fell for the third consecutive session on Thursday, as forecasts remained mild and…
Read moreGas prices soften further amid ample supply
(Montel) European gas prices continued to retreat from recent highs in early Thursday trading as ample nearby…
Read moreGerman parliament approves wind, solar expansion to 171 GW
(Montel) The German Bundestag decided on Thursday to raise onshore wind and solar capacity from the current…
Read moreGerman TSO guarantees 16% import capacity on Danish link
(Montel) German TSO 50Hertz will only guarantee 16% – or 64 MW – of the import capacity…
Read moreEU postpones Belarus nuclear plant site safety inspection
(Montel) EU experts have cancelled a trip to Belarus this week to inspect the new 1.2 GW Astravyets…
Read moreNewcastle coal index hits fresh high of USD 84/t
(Montel) Asia’s benchmark coal price climbed another 9% this week to hit its highest level in 19…
Read moreGERMAN – Spot to ease on higher nuclear, muted demand
(Montel) German day-ahead power could drop on Thursday as an expected increase in nuclear production in France…
Read moreOil prices hover at 9-month highs
(Montel) Oil prices hovered at nine-month highs early on Thursday, extending gains in the previous session when official…
Read moreEDF confirms 335 TWh nuclear output target for 2020
(Montel) EDF on Thursday confirmed its nuclear output target for 2020 will reach 335 TWh, at the top…
Read moreSweden's OX2 secures 93 MW in Poland tender
(Montel) Swedish renewable firm OX2 was awarded 92.6 MW in Poland’s latest renewable energy tender, it said on…
Read moreOwners provide new funding to complete 1.6 GW reactor – TVO
(Montel) Shareholders of Finnish nuclear operator TVO have committed to EUR 400m in new loans they hoped would…
Read moreCO2 slips from record high as energy falls
(Montel) European carbon prices eased from record highs in Wednesday trading amid profit-taking and weaker surrounding energy…
Read moreCarbon rally to aid German gas demand in lockdown – analysts
(Montel) A carbon and coal price rally should fuel German gas demand during the latest lockdown beginning…
Read moreEC clears EUR 450m Estonian subsidies for green energy
(Montel) The European Commission has cleared a EUR 450m Estonian scheme to subsidise renewable electricity projects over the…
Read moreGerman Greens see no new clean power targets before election
(Montel) Germany’s governing grand coalition will probably not raise renewable energy targets to match a higher EU…
Read moreItalian GO prices drop 11% in November – GME
(Montel) Italian guarantee of origin (GO) prices dropped 11% in November to an average of EUR 0.11/MWh compared…
Read moreFront gas months fall as Asian gains subside
(Montel) Front-month gas contracts fell on key European hubs on Wednesday amid steady Asian LNG prices and…
Read moreEuropean PPA market to exceed 10 GW in 2021 – Pexapark
(Montel) Europe’s market for power purchase agreements (PPAs) looked set to exceed 10 GW in 2021, up…
Read moreEDF Energy to pay GBP 6m for breaching regulations – Ofgem
(Montel) EDF Energy’s thermal generation unit (EDF ETG) has agreed to pay GBP 6m for “inadvertently” breaching…
Read moreCarbon at EUR 50/t soon the “new norm” – SEB
(Montel) European carbon prices at EUR 50/t could be “the new norm” for the next decade amid a…
Read moreRussian coal production rises to 2020 high
(Montel) Russian coal production rose 6% on the month in November to a 2020 high of 1.2m…
Read moreMild outlook, low spot, virus fears curb Nordic power prices
(Montel) Nordic futures were dampened on Wednesday amid mild weather forecasts and a lower spot price outlook, while…
Read morePoland to seek EC approval for mine closures in March
(Montel) Poland will send a plan to subsidise the closure of the country's coal mines to the European…
Read moreLNG demand to see 3% annual growth until 2025 – analyst
(Montel) Global LNG demand could rise by 3% annually, reaching 410m tonnes (558bcm) by 2025, as consuming…
Read moreRobust wind power to push German spot 12% lower
(Montel) German spot power prices were on track to decline on Wednesday amid forecasts showing a jump…
Read moreTauron buys 30 MW Polish wind project
(Montel) Polish utility Tauron has bought a 30 MW wind farm project in central Poland, with an expected…
Read moreOil prices ease after reported rise in US crude inventories
(Montel) Oil prices traded a shade down early on Wednesday after a US industry report showed a surprise…
Read moreGerman renewable producers to receive extra support in 2021
(Montel) Final changes to Germany’s Renewable Energy Act (EEG) look set to continue to support the oldest…
Read moreEC proposes mandatory regional offshore grid planning
(Montel) National governments would have to agree together how much offshore renewable energy they want to deploy in…
Read morePandemic reveals glimpse of energy system to come – RWE
(Montel) This year’s coronavirus pandemic has given the energy community a taste of the trading conditions likely…
Read moreSpain approves industrial PPA credit guarantee
(Montel) The Spanish government on Tuesday approved a state financial support scheme for power purchase agreements (PPAs)…
Read moreCarbon rises to record high
(Montel) European carbon prices rose to record highs in Tuesday trading amid uncertainty about forthcoming auction supplies…
Read moreEon to replace CEO Teyssen with COO Birnbaum
(Montel) Eon chief operating officer Leonhard Birnbaum will succeed the company’s longstanding CEO Johannes Teyssen from 1…
Read morePoland delays launch of gas link with Lithuania to 2022
(Montel) Poland plans to start up a 2.3bcm gas link with Lithuania in 2022 instead of at the…
Read moreNorway confirms first phase of CCS funding plan
(Montel) The Norwegian government has confirmed its commitment to part fund a major carbon capture and storage project…
Read moreGerman front-month power rises to near 2-year high
(Montel) German forward prices continued to reach new records on Tuesday, boosted by ongoing strength in the…
Read moreCoal demand grows as China eases import curbs – ANZ
(Montel) China’s official confirmation of a ban on Australian coal has failed to stem surging coal prices…
Read moreNordic wood pellet prices recover from 7-month low
(Montel) Nordic wood pellet prices rose just over 1% over the past month, clawing back from a…
Read moreS African coal surges to 1.5-year high, above USD 100/t
(Montel) South African coal prices have surged to a 1.5-year high, of above USD 100/t, amid unexpectedly…
Read morePoland to scrap obligation to trade on power exchange in Q2
(Montel) The Polish government plans to adopt a proposed law in the second quarter of 2021 which would…
Read moreCarbon breaches EUR 32/t amid strong energy markets
(Montel) EU carbon rose to a new record amid continuing strength across the energy complex and as traders…
Read moreGlobal oil demand “remains weak” – IEA
(Montel) Global demand for oil “remains weak” because of the ongoing coronavirus pandemic and related lockdown measures, the…
Read moreIndonesia to keep 2021 coal output target at 550m tonnes
(Montel) Indonesia set a coal production target of 550m tonnes for next year, unchanged from this year’s…
Read moreFrench front-year power eyes 14-month high on cooler weather
(Montel) The French power front year rose to its highest level since late October 2019 on Tuesday…
Read moreNordic front power rises on possible exports, stronger spot
(Montel) Nordic front power contracts extended gains on Tuesday amid potential increased exports to Germany and a stronger…
Read moreEnerga, PGE secure 892 MW in Polish 2025 capacity auction
(Montel) Energa's power plants and demand-reduction units totalling 528 MW won capacity payment contracts for delivery in 2025,…
Read moreEDP nets 220 MW in Polish renewables tender
(Montel) EDP was awarded 220 MW in Poland’s latest renewable energy tender, paving the way for the Portuguese…
Read moreOil prices edge lower amid renewed demand concerns
(Montel) Oil prices edged lower early on Tuesday amid renewed concerns about flagging demand as several major…
Read moreGermany and Denmark sign gas supply security deal
(Montel) – Germany and Denmark have signed a deal to ensure gas supply between the two countries…
Read moreDelay in publication of key exchange data “puzzling” – Efet
(Montel) The delay in the publication of crucial bidding curve data to May 2021 is “puzzling”, the…
Read moreAcer to decide on back-up allocation for day-ahead auctions
(Montel) EU energy regulatory agency Acer will decide how day-ahead power capacity in 13 EU countries should be…
Read moreGerman renewables share to grow to 46% this year – BDEW
(Montel) Renewable energy sources could meet 46% of Germany's final power consumption this year, an increase of…
Read moreGermany reaches accord on new renewables law – Altmaier
(Montel) Germany’s governing coalition parties have agreed a final version of the revised national renewables law, said Germany’s…
Read moreOpec revises down world oil demand outlook again
(Montel) Oil producing group Opec has again revised down its global oil demand outlook for this year and…
Read moreGermany, Denmark to cooperate on energy hubs
(Montel) Germany and Denmark plan to cooperate on developing so-called energy hubs to grow offshore wind and…
Read moreSpanish January power rises to highest in six weeks
(Montel) Spanish spot power prices are set to rise this week amid a tighter system, while the January…
Read morePower workers' “fury” drives French strikes – union
(Montel) Ongoing industrial action by power workers in France opposed to the restructuring of utility EDF will peak…
Read moreRussia’s Suek exceeds far east coal export target
(Montel) Russia’s largest coal producer Suek has exceeded its 2020 export target of 22m tonnes from its…
Read moreEC clears EUR 30bn Dutch subsidy scheme to cut emissions
(Montel) The European Commission has cleared a EUR 30bn Dutch scheme to support decarbonisation projects to 2025, it…
Read moreCoal prices extend multi-month highs
(Montel) European coal prices have surged to new multi-month highs amid that a step-up in Chinese demand…
Read moreTTF front month hits fresh 2020 peak
(Montel) TTF front-month gas prices rose to a fresh 2020 high on Monday amid forecasts for colder…
Read moreUK mulls advancing coal phase-out date to 2024
(Montel) The UK government may bring forward by a year the deadline for closing all unabated coal-fired power…
Read morePoland's renewable auction clears at EUR 42.89-56.41/MWh
(Montel) A Polish auction for solar and wind farms with capacity over 1 MW cleared at PLN 190.00-249.90/MWh…
Read moreNordic Q1 power rises 9% on drier, colder outlook
(Montel) Nordic power futures rebounded on Monday morning amid forecasts which were somewhat drier than before the…
Read moreUK opts to launch ETS from 1 January
(Montel) The UK will launch an emissions trading system for domestic industry and power generation from 1 January,…
Read moreEuropean LNG terminals expect 1.4bcm this week
(Montel) LNG vessel arrivals at key European destinations could total 1.4bcm this week, potentially bringing imports since…
Read moreAustralia’s Newcastle coal port dodges gales, floods
(Montel) Operations at the world’s largest coal export port, at Newcastle in Australia, have not been impacted…
Read moreGerman spot power eyes EUR 8 gain on less wind, solar
(Montel) German day-ahead power prices were on track to rise around EUR 8 on Monday, as green output…
Read moreOil prices gain amid progress for coronavirus vaccines
(Montel) Crude oil rose early on Monday amid optimism about improving demand in the wake of progress in…
Read moreGlobal power demand to recover modestly next year – IEA
(Montel) Global electricity demand is expected to only rebound modestly in 2021 as economies recover from the…
Read moreSpanish front-month gas hits 20-month high on LNG decline
(Montel) Spanish front-month gas prices climbed to a 20-month high amid a 28% cut in the latest…
Read moreCoal hits 20-month high on CO2 surge
(Montel) European front-month coal rose to its highest since March 2019 on Friday amid record high carbon prices…
Read moreUK-EU trade deal failure will not impact supply – analysts
(Montel) A failure by the UK and EU to reach a trade deal could create challenges for…
Read moreGerman Cal 21 power retreats from 11-month high with carbon
(Montel) German benchmark power prices tracked developments in the carbon market on Friday to touch an 11-month…
Read moreNBP front month jumps to 10-month high
(Montel) The UK’s front-month natural gas contract rose to a 10-month high on Friday, buoyed by early gains…
Read moreEUAs eye new high as auctions dry up
(Montel) EU carbon prices are expected to consolidate around new record highs as auction supply dries up and…
Read moreNatural gas to play part in climate goal – EU leaders
(Montel) EU countries remain free to decide their own energy mix, including "transitional technologies" such as natural gas,…
Read moreNordic spot to rebound from record lows in 2021 – analysts
(Montel) Nordic spot power prices should recover from this year's record lows and average above EUR 20/MWh in…
Read moreFrench power workers to strike again on Thursday – union
(Montel) French energy unions will call on power workers to strike again next Thursday against the planned restructure…
Read moreAustralia’s Newcastle coal exports drop to 2020 low
(Montel) Coal exports from the key Australian export port of Newcastle fell to a year-to-date low in…
Read moreGerman front-week power slumps as support fades
(Montel) German spot power looked set to ease from some of its highest levels in two years…
Read moreNordic Q1 power plunges 10% on wetter outlook
(Montel) Nordic power futures fell sharply on Friday morning as forecasts for wet weather suggested more supply for…
Read moreCO2 price hits record high in wake of climate target deal
(Montel) Carbon rose to a record high EUR 31.30/t on Friday after European Commission president Ursula von der…
Read morePoland seeks more wind, solar capacity in 2021 auctions
(Montel) Poland is hoping renewable energy auctions in 2021 will result in the construction of 600 MW of…
Read moreOil prices hover near 9-month highs
(Montel) Oil prices traded near nine-month highs early on Friday amid hopes of a quicker recovery in global…
Read moreDenmark, Slovenia to join pan-European balancing group
(Montel) Western Denmark and Slovenia will join a pan-European electricity balancing platform on 19 January, German network…
Read moreEU leaders agree stricter 55% CO2 cut target for 2030
(Montel) EU leaders have agreed a stricter 55% CO2 cut on 1990 levels target for 2030, up from…
Read moreStrike curbs French power capacity by 2.4 GW
(Montel) A strike by power workers in France was curbing French nuclear power capacity by 2,410 MW…
Read moreFrench capacity market prices near EUR 40,000/MW
(Montel) French capacity market prices for 2021 have increased 20% since October and doubled since March, reaching EUR…
Read moreBP to triple renewable energy supply to Amazon
(Montel) Energy giant BP will triple its renewable energy supply to Amazon’s European operations, to 574 MW,…
Read moreCarbon hits 3-month high on fundamentals
(Montel) European carbon prices rose more than EUR 1 to reach a three-month high on Thursday, buoyed…
Read moreBrent crude soars above USD 50 for first time since March
(Montel) The Brent crude oil benchmark rose above USD 50/bbl for the first time since March on Thursday…
Read moreChina coal demand to support prices – WoodMac
(Montel) Chinese import restrictions have left the world’s biggest coal consumer short of supply this winter, which…
Read moreFrench strike curbs power output by 2.4 GW
(Montel) An ongoing strike by power workers is currently cutting French output by 2,365 MW, according to the…
Read moreBaltic power to exceed EUR 50/MWh post 2025 – Wattsight
(Montel) Power prices in the three Baltic countries should exceed EUR 50/MWh on average after 2025, Wattsight analyst…
Read moreEstonia sees no end to oil shale this decade
(Montel) Estonia will need output from oil shale-fired power plants at least until 2030 to ensure sufficient security…
Read moreLithuania will “use all measures” to block Belarus power
(Montel) Lithuania’s new government will use “all means necessary” to ensure that electricity generated at the new 1.2…
Read moreGermany to curb Norway imports amid rising wind output
(Montel) Power imports to Germany from Norway on the new 1.4 GW Nordlink cable are set to be…
Read moreAmazon signs 81 MW solar PPAs with Engie in Italy, France
(Montel) Amazon has signed solar corporate power purchase agreements (PPA) with Engie for a total of 81…
Read moreSpain exceeds 27 GW wind capacity after adding 228 MW in Nov
(Montel) Spain connected 228 MW of new wind power capacity in November, bringing total wind capacity installed…
Read moreSpanish front-month gas climbs to 14-month high
(Montel) The Spanish front-month gas contract climbed to a 14-month high of more than EUR 17/MWh on…
Read moreOrsted, Amazon sign 250 MW PPA, Europe's largest
(Montel) Amazon has signed a 10-year corporate power purchase agreement (PPA) with Orsted for 250 MW of output,…
Read moreEngie mulls 75 MW green hydrogen plant in Belgium
(Montel) Engie plans to own and operate a 75 MW green hydrogen plant in the Charleroi region…
Read moreGermany expects EU leaders to agree 55% climate target
(Montel) EU leaders were likely on Thursday to support raising the bloc’s climate target to a 55%…
Read moreNordic power curve edges up on colder outlook, CO2
(Montel) Nordic power futures rose for the third consecutive session on Thursday amid a colder, drier outlook…
Read moreLa Nina may spur winter LNG demand – bank
(Montel) The La Nina weather pattern will likely further spur LNG demand over the winter period, underpinning…
Read moreMVV trading unit sees 19% earnings drop on coronavirus
(Montel) German utility MVV’s customer solutions unit – which includes energy trading and portfolio management – on Thursday…
Read moreNewcastle coal index hits 2020 high on China demand
(Montel) Asia’s benchmark coal price surged 10% this week – extending the previous week’s gains – to…
Read morePGE launches 2.1 MW battery in Poland
(Montel) PGE has launched a 2.1 MW battery for energy storage in the southeastern Polish city of Rzepedz,…
Read moreAxpo hedges 95% of 2022-23 production at EUR 44.10/MWh
(Montel) Swiss utility Axpo had hedged 95% of its baseload power generation for its fiscal year 2022-23 at…
Read moreBrent crude firms near USD 49 amid vaccine optimism
(Montel) Oil prices edged higher early on Thursday after an unexpected surge in US crude inventories was outweighed…
Read moreAxpo trading results soar amid “higher hedged” power prices
(Montel) Swiss utility Axpo posted trading earnings of CHF 498m (EUR 463.2m) for its fiscal year 2019/20, after…
Read moreEU leaders’ 55% CO2 cut by 2030 deal rests on funding accord
(Montel) EU leaders’ success in agreeing a higher EU 55% CO2 cut target for 2030 will likely depend…
Read moreCoal extends highs on bullish complex
(Montel) European coal prices extended recent highs on Wednesday as bullish prices in the wider energy complex boosted…
Read moreEU needs 85 TWh extra to run 30m electric cars – study
(Montel) The EU would need only an extra 85 TWh/year – equating to 3% of demand – of…
Read moreDutch nuclear operator seeks partners to build new plants
(Montel) The operator of the Netherlands’ only nuclear power plants, Elektriciteitsproducent Zuid-Nederland (EPZ), is looking for partners to…
Read moreSpanish green tender expected “imminently” – ministry
(Montel) The Spanish government plans to announce an expected renewables tender “imminently”, the energy ministry said on…
Read moreDutch coal plant set to receive subsidy for closing
(Montel) The Dutch government may pay the owner of one of three coal plants remaining in the…
Read moreGerman front-year power hits 5-month high
(Montel) German front-year power rose to its highest level since July amid a strong energy complex but traders…
Read moreUK must cut emissions nearly 80% by 2035 – committee
(Montel) The UK’s Climate Change Committee (CCC) said on Wednesday the country must cut emissions by nearly…
Read moreSouth Norway spot hits 1-year high on “Nordlink effect”
(Montel) Spot prices in southern Norway hit a one-year high for Thursday, as the launch of the new…
Read moreGas prices climb with wider commodity complex
(Montel) European continental and UK gas contracts rose along the curve in line with gains among other…
Read moreCapesize vessel index hits 6-month low on coal restrictions
(Montel) The global capesize vessel index has slumped to a six-month low as an ongoing Chinese ban…
Read moreGerman green energy fund on track for record deficit in 2020
(Montel) The German green energy fund deficit hit EUR 4.4bn in November after a monthly loss of EUR…
Read moreNuclear power to remain a “pillar” for decades – Macron
(Montel) Nuclear power will remain a “pillar” supporting France's power mix for decades to come, French president…
Read moreNordic front power surges on cooler outlook and strong spot
(Montel) Nordic power futures jumped on Wednesday amid an increased chance of cooler weather and stronger spot prices.…
Read moreAcer adopts cross-border power flow rules for 13 countries
(Montel) Power TSOs from 13 countries will have to coordinate their actions to tackle cross-border congestion under new…
Read moreEIA revises up 2020 US LNG export forecast by 2%
(Montel) The US Energy Information Administration (EIA) has revised its 2020 LNG export outlook up 2% to…
Read moreColombian coal miner Cerrejon resumes production
(Montel) Key Colombian coal producer Cerrejon resumed production on Tuesday after workers early last week ended three-months…
Read moreGerman spot power eyes 4-year high at EUR 80/MWh
(Montel) German spot power prices were on track to rise to the highest level in nearly four…
Read moreSigns of demand weakness weigh on oil prices
(Montel) Oil prices drifted a shade lower early on Wednesday as rising coronavirus cases – particularly in the…
Read moreCarbon edges higher ahead of expiry
(Montel) European carbon prices gained marginal ground in Tuesday trading ahead of options expiry on Wednesday and…
Read moreMacron to urge nuclear sector revamp ahead of new reactors
(Montel) French president Emmanuel Macron on Tuesday plans to urge the country’s nuclear sector to solve quality problems…
Read moreNordic power futures jump as Norway spot soars
(Montel) Nordic power futures rose sharply in afternoon trade on Tuesday, taking a cue from buoyant spot prices…
Read moreGerman Cal 21 power tops EUR 43 on higher CO2, fuels
(Montel) Germany’s benchmark power contract for next year rose back above EUR 43/MWh on Tuesday, as carbon and…
Read moreRussia’s November coal exports slip to 5-month low
(Montel) Russian coal exports in November declined to a five-month low of 0.56m tonnes/day amid waning demand…
Read moreGerman auctions delay end of loss-making coal – think tank
(Montel) Germany’s auctions to close coal plants are delaying the pace at which the country could exit…
Read moreFrench day-ahead power jumps to highest since January 2019
(Montel) French day-ahead power on Tuesday settled at the highest level since January 2019, buoyed by forecasts…
Read moreEuropean coal prices to remain firm in 2021 – ING
(Montel) Average European benchmark API 2 coal prices are likely to remain close to current levels in…
Read moreGas prices hold steady amid support from power market
(Montel) European gas contracts remained mostly stable on Tuesday, with mild temperature forecasts and support from the…
Read moreNorway to call on EU to classify hydropower as “green”
(Montel) Norway plans to ask the European Commission to amend a proposal so that it classifies the country’s…
Read moreSurrounding markets buoy Nordic power futures
(Montel) Nordic power futures rose on Tuesday, buoyed by higher prices for carbon and equivalent German contracts. …
Read moreScandinavian solar is profitable without subsidies – CEO
(Montel) The chief executive of Norwegian solar start-up Solgrid is planning to build profitable projects in southern parts…
Read moreGerman spot power set to out-turn at 2-year high
(Montel) German day-ahead power prices looked set to rise more than EUR 14 on Tuesday, which would be…
Read moreBelgian balancing prices hit EUR 2,290/MWh amid tight supply
(Montel) Balancing prices in Belgium spiked to EUR 2,290/MWh on Monday afternoon amid a supply squeeze caused…
Read moreOil continues fall as virus cases surge
(Montel) Oil prices were falling for a second consecutive session on Tuesday amid the economic headwinds brought on…
Read moreEnergy firms collaborate in bid to lower H2 costs – report
(Montel) Energy firms are collaborating in a bit to cut the cost of green hydrogen to below USD…
Read moreBelgian, Dutch TSOs enable new intraday trade from Thurs
(Montel) TSOs have taken the final technical step enabling 15 and 30-minute Belgian and Dutch cross-border electricity products…
Read moreFrance launches 1 GW Normandy offshore wind tender
(Montel) France’s government has launched a tender to build a 1 GW offshore wind farm in Normandy,…
Read moreFrench TSO receives cross-border rule exemption – CRE
(Montel) French TSO RTE has been granted a derogation from an EU regulation that member states must offer…
Read moreCarbon eases back from EUR 30/t
(Montel) European carbon prices eased on Monday after rising above EUR 30/t for the first time since mid-September…
Read moreEfet slams Acer’s power bidding zone review guidance
(Montel) EU energy regulatory agency Acer’s new methodology for reviewing and potentially changing power bidding zones is…
Read moreFrance sees 27 Jan deadline for Arenh deal with EC – source
(Montel) France’s plans to reform the arenh nuclear rate and restructure EDF “may not be settled” by the…
Read moreGerman spot power set to hit 3-year high
(Montel) German daily power prices this week were set to reach their highest level in over three years…
Read moreGermany tenders for 1.5 GW of further coal closures
(Montel) Germany’s federal network regulator (BNA) invited the country’s power plant operators on Monday to submit bids…
Read moreSpanish spot power to fall on well-supplied system
(Montel) Spanish spot power prices looked set to fall this week amid expectations of weaker demand and…
Read moreGermany to raise cross-border trading capacity this week
(Montel) German grid operators will raise the minimum amount of network capacity available for cross-border trading to…
Read moreFront-month gas dips 3% on milder outlook
(Montel) Front-month European gas prices dipped 3% on Monday on the back of a milder weather outlook. …
Read moreRWE, Equinor join Europe’s largest green hydrogen project
(Montel) German utility RWE and Norway’s Equinor have joined the North2 green hydrogen project in the Netherlands,…
Read moreEuropean LNG terminals expect 2.1bcm this week
LNG vessel arrivals at key European destinations could total almost 2.1bcm this week, potentially bringing imports since…
Read moreEPR security “compromised” after document leak – Greenpeace
(Montel) Security at the new generation EPR reactor EDF is building at Flamanville is “totally compromised” following a…
Read moreNordic front power slides further on milder weather
(Montel) The Q1 2021 contract dropped for the fourth consecutive session and was last seen down EUR 2.07…
Read moreGerman spot power eyes EUR 73 as wind plummets
(Montel) German day-ahead power prices were on track to soar more than EUR 28 on Monday, as wind…
Read moreUS demands Nord Stream 2 moratorium – report
(Montel) Germany and the EU need to impose a moratorium on the construction of Nord Stream 2, the…
Read moreOil prices slide on coronavirus lockdown concerns
(Montel) Crude oil fell early on Monday amid continuing concerns about the impact on demand of lockdowns resulting…
Read moreChinese coal index provider suspends daily assessments
(Montel) Chinese coal index provider Sxcoal temporarily stopped publishing its daily coal price indices, citing insufficient transparency,…
Read moreCarbon hits 11-week high, fuel prices rise
(Montel) European carbon prices rose 4% to reach an 11-week high on Friday, buoyed by strong fundamentals…
Read moreOffshore energy bidding zones stoke investor doubts
(Montel) Creating new bidding zones for hybrid offshore energy projects could put off developers without the right…
Read moreNord Stream 2 remains burdened with risk – analysts
(Montel) Construction of the controversial Nord Stream 2 could be completed by or around next summer, but…
Read moreGlencore to keep mining coal as “cheap” energy source
(Montel) Anglo-Swiss trading and mining firm Glencore will keep mining coal while global demand remains, with the…
Read moreEDF warns of 24-hour strike by power workers on Thursday
(Montel) EDF has warned of a 24-hour strike next Thursday as France’s main energy unions have called for…
Read moreFrench front-month power surges near EUR 4 on cold outlook
(Montel) French power prices surged on Friday – with the front month up nearly EUR 4 and…
Read moreCarbon to remain near EUR 30/t as options near expiry
(Montel) Carbon is likely to fluctuate around the EUR 30/t mark in the coming week, though further gains…
Read moreGas prices rise on cold outlook, power plant demand
(Montel) European gas prices rose on Friday amid forecasts for cold weather and as a strike threat…
Read moreGerman coal tender winners must stop generating 1 Jan – BNA
(Montel) Germany’s 4.8 GW of coal-fired power plants which successfully participated in the country’s first closure tender will…
Read moreUkraine’s EU gas imports rise 11% in January-November
(Montel) Ukraine’s gas imports from EU countries rose 11% in the first 11 months of 2020 to…
Read moreCCS woes drive German focus on green hydrogen – Uniper CEO
(Montel) Public opposition to carbon capture and storage is driving Germany to develop green hydrogen to decarbonise its…
Read moreNordic power futures rebound on dry outlook, CO2
(Montel) Nordic power futures rose on Friday, after a sharp fall on Thursday, on drier forecasts and…
Read moreGerman renewables law must change to boost green H2 – Uniper
(Montel) Germany must change its renewable energy law (EEG) to encourage investment in green hydrogen, European utility Uniper…
Read moreEni buys 20% stake in 2.4 GW Dogger Bank for GBP 405m
(Montel) Italian energy group Eni has acquired a 20% stake in the 2.4 GW Dogger Bank offshore wind…
Read moreGerman spot power prices eye 2-year high next week
(Montel) German spot power looked set to average some of its highest levels in two years next…
Read moreUK sets 68% emissions cutting target for 2030
(Montel) UK prime minister Boris Johnson on Friday announced a new target to cut the nation's carbon…
Read moreFortum to present plans for closer Uniper cooperation in Q1
(Montel) Finnish energy group Fortum plans to present more concrete plans on how to closer align its Nordic…
Read moreSwiss utility BKW appoints new head of energy markets
(Montel) Swiss utility BKW has appointed Corinne Montandon as its new head of energy markets and group services,…
Read moreOil hits 9-month high as Opec agrees only small supply boost
(Montel) Oil prices hit their highest point since March on Friday as Opec and its allies agreed on…
Read moreDenmark agrees to ban oil, gas production by 2050
(Montel) Denmark has agreed to ban oil and gas production in the North Sea by 2050, making it…
Read moreOpec, allies agree small oil supply boost from January
(Montel) Opec and a group of Russia-led oil producers agreed on Thursday to boost supply by 0.5m bbl/day…
Read moreCoal extends highs on winter support
(Montel) European coal prices extended fresh highs on Thursday as the market remained underpinned by cooler weather conditions…
Read moreBASF expects its long-term power demand to triple
(Montel) Increased electrification is set to boost the power consumption of German chemicals producer BASF from 6.2 TWh…
Read moreASN sees 900 MW French reactor lifetimes of 50 years
(Montel) France’s nuclear safety authority ASN on Thursday issued a draft decision which it said “opens the prospect”…
Read moreUK should set 68% carbon cutting target for 2030 – committee
(Montel) The UK should set an emissions target of a “at least” 68% cut from 1990 levels by…
Read moreTTF, NBP gas slide as they shrug off cold weather
(Montel) European and UK gas prices fell along the curve on Thursday, shrugging off cooler-than-normal temperatures and…
Read moreDutch exposure to gas imports to rise as fields lack funding
(Montel) The Netherlands will become increasingly dependent on gas imports as investments into the country's remaining gas…
Read moreSupport schemes can almost halve offshore wind cost – lobby
(Montel) Two-sided contracts for difference (CfD) support schemes can almost halve the levelised cost of offshore wind power,…
Read moreNordic power futures continue retreat from 1-month highs
(Montel) Nordic power futures continued their fall on Thursday, after hitting one-month highs on Tuesday, though one analyst…
Read moreUS coal-mining capacity slides 30% from 2009 peak – EIA
(Montel) US coal-mining capacity has declined nearly 30% from its 2009 peak of over 1.4bn short tons…
Read moreLithuania to adopt offshore wind auction rules for 700 MW
(Montel) Lithuania is set to adopt offshore wind rules next year enabling 700 MW of Baltic Sea capacity…
Read moreFrench intraday prices near EUR 840/MWh on high demand
(Montel) Intraday power prices in France traded near EUR 840/MWh on Wednesday afternoon, and German prices hit…
Read moreCoronavirus lays bare Poland’s need for renewables – study
(Montel) The coronavirus pandemic has exposed the costs of excessive coal dependence at Poland's biggest power producer PGE,…
Read moreGas not an ‘eternal bridge’ – experts
(Montel) Gas will likely play an important role in the global transition to a low-carbon economy over…
Read moreCarbon, coal move higher
(Montel) Carbon regained much of the previous session’s lost ground to approach EUR 30/t again on Wednesday…
Read moreEU to seek US support for carbon border tax at 2021 summit
(Montel) The European Commission wants the EU to work with the US on a carbon border adjustment mechanism,…
Read moreOMV, Gazprom sign gas delivery deal for German market
(Montel) Austrian gas company OMV and Russia’s Gazprom have signed a long-term delivery contract for supplies to Germany,…
Read moreSwedish link constraints deter wind investors –Eesti Energia
(Montel) Constraints on Swedish power links with neighbouring markets are making wind investments less attractive, the CEO of…
Read moreSwedish power demand growth to top expectations – analysts
(Montel) Plans by Sweden’s steel industry to boost electricity use mean estimates of a 50% rise in the…
Read moreFrance faces “monumental challenge” to meet hydrogen goals
(Montel) Persistently high nuclear and renewable energy prices represent a “monumental challenge” in France’s bid to achieve its…
Read moreBelgium may not need 4 GW reserve capacity – experts
(Montel) Belgium may not need up to 4 GW of new back-up capacity to replace the loss…
Read moreGerman Cal 21 power edges up as CO2 keeps eye on EUR 30/t
(Montel) German power for delivery next year edged higher on Wednesday, drawing support from slightly higher carbon prices.…
Read moreGerman onshore wind rollout still lags target – Vestas
(Montel) German onshore wind permitting is dragging on the country’s ambitious plans to increase auction volumes for…
Read moreENBW plans two 150 MW solar parks in Germany
(Montel) ENBW is planning to develop two solar parks of around 150 MW each in east Germany, with…
Read moreTTF spot drops on windier, warmer forecasts
(Montel) Spot prices on the Dutch TTF gas hub dropped on Wednesday, as weather forecasts pointed to…
Read moreVitol hires Uniper senior trader amid power expansion
(Montel) Swiss trading giant Vitol hired a senior Uniper trader to join its expanding power team in London,…
Read moreItaly’s Enel, Eni to develop 20 MW green hydrogen plants
(Montel) Italy’s energy firms Enel and Eni plan to jointly develop 20 MW green hydrogen plants by 2022-2023,…
Read moreDanish firm to build 19 MW Polish wind capacity in 2021
(Montel) Danish renewable developer European Energy plans to start construction of three onshore wind farms in Poland (19.4…
Read moreNordic power prices ease as surrounding markets slide
(Montel) Nordic power futures fell on Wednesday in line with significant losses in surrounding markets, with German January…
Read moreGazprom’s November gas sales via ESP dive 26%
(Montel) Russian gas giant Gazprom sold around 10.5 TWh (1bcm) of gas via its electronic platform (ESP) in…
Read moreRising wind output to dampen German day-ahead power
(Montel) German day-ahead power prices looked set to drop one third after surging on Wednesday, amid stronger…
Read moreOil prices weaken as market awaits Opec decision
(Montel) Oil prices edged lower early on Wednesday amid reports of a lack of consensus within Opec on…
Read moreOrsted contests EUR 820m Danish tax bill for UK wind farms
(Montel) Denmark’s Orsted has contested a DKK 6.1bn (EUR 820m) tax claim from Danish tax authorities for two…
Read moreEU leaders on track to decide 2030 55% CO2 cut target in Dec
(Montel) EU leaders are on track to decide on a 55% CO2 cut target by 2030 this…
Read moreSpanish gas demand slides 9% in November
(Montel) Gas demand in Spain fell 9.4% year on year in November to almost 32.5 TWh amid lower…
Read moreUK to fall short of 2030 offshore wind target by 10 GW
(Montel) The UK could miss its 2030 offshore wind target of 40 GW by 10 GW, consultancy…
Read moreFront-month coal extends 2020 highs
(Montel) European front-month coal prices rose to 14-month highs in Tuesday trading amid lingering concerns about a…
Read moreGerman closure auction reveals zeal to dump coal – analysts
(Montel) Germany's first auction to close coal plants revealed an eagerness to exit the fuel that underscored…
Read moreUK spot gas soars to 14-month high amid cold spell
(Montel) The UK day-ahead gas price soared to a 14-month high on Tuesday, as lower-than-usual temperatures and low…
Read moreDanish-Dutch group plans 350 MW hydrogen hub
(Montel) A Danish-Dutch group announced plans on Tuesday for a 350 MW electrolysis plant to produce green hydrogen…
Read moreTesla battery plant in Germany may use 8 TWh/year – experts
(Montel) Tesla’s planned battery factory in Germany could consume up to 8 TWh of power a year once…
Read moreFrench nuclear output in November hits 9-month high
(Montel) France’s nuclear output last month reached the highest level since February, at 31.4 TWh, as several reactors…
Read moreRenewables share of UK power slips to 3-month low
(Montel) Biomass, wind and solar accounted for a combined 30.6% share of the UK’s power mix in…
Read moreTTF spot may average EUR 14-15/MWh in December
(Montel) TTF spot prices should rise to average around EUR 14-15/MWh in December, as colder temperatures and…
Read moreCarbon hits EUR 30/t amid cold forecasts for December
(Montel) EU carbon hit EUR 30/t on Tuesday, its highest level in more than two months as forecasts…
Read moreCoal may hit new multi-month highs in Dec on tight supply
(Montel) Atlantic basin coal prices may extend recent multi-month highs in December amid still tight supply and…
Read moreNordic power jumps EUR 3 on dry outlook, strong fuels
(Montel) Nordic power futures jumped more than EUR 3 on Tuesday amid weather forecasts indicating drier and colder…
Read moreCarbon turns bullish as supply outlook tightens
(Montel) A surge in carbon prices in November and an extended absence of fresh supply from the…
Read moreGermany to close 4.8 GW of hard coal at EUR 66,259/MW
(Montel) Germany’s energy regulator has awarded 4.8 GW of hard coal-fired capacity an average closure payment of EUR…
Read moreCoal workers to resume Cerrejon operations as talks succeed
(Montel) Workers at Colombian coal producer Cerrejon will resume operations following three months of strike action after…
Read morePolish utilities to close 2.1 GW of coal-fired plant in 2021
(Montel) Polish power utilities will close 2.1 GW of coal-fired capacity next year, with most units to be…
Read moreFrench 2021 Arenh demand edges down, still exceeds 100 TWh
(Montel) Demand for French utility EDF’s nuclear power supply at the Arenh regulated rate of EUR 42/MWh…
Read moreBiden’s green energy plan "too ambitious" – report
(Montel) US president-elect Joe Biden’s plan to decarbonise the country’s electricity sector by 2035 is too ambitious, the…
Read moreCrude prices fall as Opec fails to reach agreement on cuts
(Montel) Crude oil prices fell on Tuesday as Opec failed to reach agreement on extending production cuts, with…
Read moreCO2 jumps to 10-week high on cold outlook
(Montel) European carbon prices jumped to a 10-week high on Monday amid a colder weather outlook, while front-year…
Read moreColder weather to underpin UK gas prices next month
(Montel) UK gas prices will receive some near-term support from colder weather in December, although a relative…
Read moreNordic spot power set to treble in December on drier outlook
(Montel) Nordic spot power prices should treble to around EUR 19/MWh next month, as lower temperatures and less…
Read moreGerman front-month power hits multi-month high on cold
(Montel) German front-month power prices surged to a 13-month high on Monday as near-term weather forecasts turned colder,…
Read moreFrench unions threaten new strike on 10 December
(Montel) French energy unions have threatened to call a new strike on 10 December unless prime minister Jean…
Read moreFrench front-month power jumps 10% on cold weather
(Montel) The French front-month power contract jumped 10%, or nearly EUR 5, on Monday amid colder temperatures,…
Read moreSpain spot power to fall on more wind
(Montel) Spanish spot power prices could fall this week with an expected increase of wind supply, while…
Read moreWork on Nord Stream 2 to resume but launch remains unclear
(Montel) Construction works on the Nord Stream 2 pipeline from Russia to Germany will resume on Saturday,…
Read moreFrench upper house rejects solar subsidy cut
(Montel) France's upper house of parliament has unanimously rejected a government amendment aimed at cutting subsidised solar tariffs,…
Read moreSpain power generation falls 12% in November
(Montel) Spanish power output fell 11.8% year on year in November amid lower demand and almost 27%…
Read moreGas prices hit 1-month high on cold, strike fears
(Montel) Day-ahead and front-month European gas prices climbed to a four-week high on Monday amid colder weather…
Read morePrompt coal prices rise to new 1-year highs
(Montel) European prompt coal prices rose to fresh one-year highs in early Monday trading as concerns of…
Read moreNordic power futures rise on buoyant spot, cold outlook
(Montel) Nordic power futures rose on Monday morning amid buoyant spot prices – after some bidding zones fetched…
Read moreNorway gas, oil output may drop if strike continues – lobby
(Montel) Norwegian gas and oil output could drop sharply in the coming weeks if a security-worker strike continues,…
Read moreCarbon exceeds EUR 29/t on strong energy, cold outlook
(Montel) EU carbon prices rose above EUR 29/t for the first time in two and a half months…
Read moreEuropean LNG terminals expect 1.5bcm this week
(Montel) LNG vessel arrivals at key European destinations could total 1.5bcm this week, potentially bringing imports since…
Read moreGazprom EU gas exports slide 10% in Jan-Sep, profits plunge
(Montel) Russia’s gas exports to Europe fell 10% to 154bcm year on year in the January-September period amid…
Read moreGerman wind, solar capacity grows 562 MW in October
(Montel) Germany added 141 MW of new onshore wind power capacity in October, along with 421 MW…
Read moreUK energy firms urge PM to decarbonise power sector by 2035
(Montel) Five of the UK’s biggest energy companies are calling on prime minister Boris Johnson to set a…
Read moreOil prices slip ahead of Opec meeting
(Montel) Oil traded lower early on Monday, as participants cautiously awaited meetings of oil-producer group Opec and…
Read moreNordic spot prices soar above EUR 80 on colder weather
(Montel) Spot prices soared above EUR 80/MWh across many of the Nordic region’s bidding zones for Monday -…
Read moreGerman spot power to rise on less green output
(Montel) German day-ahead power prices were on track to rise more than EUR 2 on Monday, as renewable…
Read moreCarbon, coal erase gains after fresh highs
(Montel) European carbon and coal prices extended recent multi-month highs early on Friday before erasing gains later amid…
Read moreFrench spot to strengthen on cooler weather next week
(Montel) Spot power prices in France looked set to strengthen further next week amid colder temperatures and…
Read moreReturn of 2018 German winter coal squeeze unlikely
(Montel) German utilities do not expect a shortage of coal supply this winter – like in 2018 –…
Read moreASN set to announce verdict on 900 MW reactor lifetimes
(Montel) French nuclear safety authority ASN will on Thursday publish for consultation its generic opinion on the continued…
Read moreRussian wood pellet exports surge 40% as demand grows
(Montel) Russian exports of wood pellets – which are used in power generation – surged nearly 40%…
Read moreVattenfall appeals German court decision over Moorburg plant
(Montel) Vattenfall has appealed a German court ruling banning hard coal-fired plant Moorburg (1.6 GW) using river…
Read moreCarbon prices to rise on colder weather, auction halt
(Montel) EU carbon looks set to test higher levels in the coming week as colder weather combined with…
Read moreNorway to cut Nyhamna gas flows 50mcm on strike
(Montel) The Nyhamna gas processing plant in Norway will reduce flows by 50mcm on Saturday amid an…
Read moreColder German forecast expected to boost power prices
(Montel) A frosty start next week should lift near-term German power contracts, although milder conditions are due in…
Read moreGas prices rise amid cool outlook, Norway strike concerns
(Montel) European gas prices rose on Friday amid cooler weather forecasts and strike concerns at the Nyhamna gas…
Read moreFrench ministry denies EC-EDF deal despite newspaper report
(Montel) Talks between France and the European Commission on restructuring EDF and reforming the Arenh mechanism “are…
Read moreNordic front power dips after bullish week
(Montel) Nordic power futures near delivery traded lower on Friday after large gains earlier in the week following…
Read moreSpain PPA demand may rise with credit guarantees – experts
(Montel) Spanish demand for long-term power purchase agreements (PPAs) could increase among energy intensive industries if the…
Read moreNegative Nordic spot power prices will remain rare – analyst
(Montel) A negative Nordic power system price will continue to be a rare event, even though the region…
Read moreCrude oil rally hits buffers as virus concerns dominate
(Montel) Crude oil – which hit eight-month highs this week – was falling on Friday as rising coronavirus…
Read moreOrsted starts up largest Dutch wind farm Borssele (752 MW)
(Montel) Danish energy company Orsted has fully commissioned its 752 MW Dutch offshore wind farm – the country’s…
Read moreSpanish power backwardation “overdone” as spread narrows
(Montel) The current spread between the Spanish Cal 21 and Cal 22 contracts was shrinking due to the…
Read moreSpain's ETS emissions to dive 18% this year – analyst
(Montel) Emissions from Spanish installations under the EU ETS looked poised to dive 18% year on year in…
Read moreCarbon hits 2-month high amid cold outlook
(Montel) European carbon prices rose on Thursday amid a colder weather outlook for December and less wind…
Read moreNordic front power soars EUR 4 as spot hits 2.5-month high
(Montel) Nordic power futures rose on Thursday afternoon, with the front month surging nearly EUR 4 on the…
Read moreFrench spot hits 9-week high on supply squeeze
(Montel) France’s day-ahead power price reached its highest level since late September on Thursday as a strike…
Read moreGerman Cal 21 power rises on coal closure, carbon
(Montel) German power for delivery next year rose on Thursday, buoyed by higher carbon prices and news that…
Read moreNorway strike threatens gas exports from Nyhamna
(Montel) The Nyhamna gas processing plant in Norway may be shut down amid an ongoing strike among security…
Read moreCoal barges slash capacity as Rhine levels diminish
(Montel) European barge operators are reducing loaded volumes for coal cargoes heading to Germany, due to falling…
Read moreFrench strike curbs power capacity by 6.8 GW
(Montel) A strike by power workers in France was cutting the nation’s power capacity by a total…
Read moreFront-month gas rises on cold weather, low wind
(Montel) Front-month gas contracts in the UK and on the continent rose in the early session on Thursday…
Read moreUK set to achieve permanent 62% renewables by 2030 – report
(Montel) The UK could “easily” increase its permanent renewable energy generation from below 40% last year to…
Read moreRepsol plans to install 4 GW of Spanish renewables by 2030
(Montel) Spanish energy firm Repsol plans to install 4 GW of renewables capacity by the turn of the…
Read moreNordic front power continues rise amid cold, dry outlook
(Montel) Nordic power futures rose on Thursday morning, gaining for the fourth consecutive session, as the latest forecasts…
Read moreRWE expects German lignite closures to proceed despite probe
(Montel) German utility RWE and lignite producer Leag expect lignite power plant closures and compensation to proceed…
Read moreNewcastle coal index soars on storm damage, demand
(Montel) Asia’s benchmark coal price surged to levels not seen since early April this week after a storm…
Read moreOil prices slip from 8-month highs
(Montel) Oil traded little changed early on Thursday, with prices slipping from fresh eight-month highs driven by optimism…
Read moreEC delays allocation of 2021 free EUAs to Q2
(Montel) The European Commission has delayed the issuance of free EUAs to industrial installations until the second quarter…
Read moreCO2 exceeds EUR 28/t as auctions near year end
(Montel) Carbon prices rose above EUR 28/t for the first time in a week on Wednesday as participants…
Read moreEnergy complex rises despite virus concerns
(Montel) Energy commodities shrugged off coronavirus concerns to push higher on Wednesday even as a rally in…
Read moreGerman Cal 21 power hits 7-week high on buoyant fuels
(Montel) Germany’s benchmark power contract recorded its highest price since early October on Wednesday, taking a cue from…
Read moreFrance delays Cordemais coal-to-biomass decision – union
(Montel) France plans to wait until February or March to decide on the proposed conversion of EDF’s Cordemais…
Read moreColombian coal miner Cerrejon eyes strike breakthrough
(Montel) Colombian coal producer Cerrejon is close to resolving a strike that has lasted nearly three months, with…
Read moreEC state-aid probe clears Germany’s hard coal exit plans
(Montel) The European Commission has approved German plans to pay utilities in return for closing hard coal…
Read moreEndesa slashes medium-term power, gas price forecast 10-20%
(Montel) Spanish utility Endesa slashed its forecast for domestic power and gas prices for 2021-23 by 10%…
Read moreSupply shortfall drives prompt coal to 2020 high
(Montel) European front-month coal prices have surged nearly 10% so far this week to one-year highs as…
Read moreDemand surge requires rethink of Swedish generation – lobby
(Montel) Increased industrial electricity demand in Sweden will require a total rethink about what generation sources are required,…
Read morePrompt gas prices extend gains on cool weather outlook
(Montel) Prompt gas prices rose on Wednesday, extending this week’s gains as forecasts for cooler weather boosted…
Read moreDunas buys 73 MW of Spanish solar for 2022 start-up
(Montel) Dunas Capital has bought five Spanish photovoltaic projects with a total capacity of 73 MW to…
Read moreChinese domestic coal price rise may spur imports – analyst
(Montel) Chinese domestic coal prices may rise further until the end of 2020 due in part to…
Read moreMarket must decide hydrogen technology winners – Equinor CEO
(Montel) Market competition, not governments, should decide which hydrogen technologies succeed, Equinor CEO Anders Opedal told a webinar…
Read moreEDF plans 30 MW German green hydrogen unit
(Montel) French utility EDF has entered the German green hydrogen market with plans for a 30 MW production…
Read moreIndonesia’s coal exports drop 13% in first three quarters
(Montel) Indonesia’s thermal coal exports in the first three quarters declined 13.4% on the year to 296.5m…
Read moreNordic power jumps EUR 2 on drier and colder outlook
(Montel) Nordic power futures jumped more than EUR 2 on Wednesday, gaining for the third consecutive session,…
Read moreOil extends 8-month highs on demand recovery hopes
(Montel) Oil prices extended the previous day’s gains to a fresh eight-month high on Wednesday morning amid hopes…
Read moreCoal surges on supply concerns
(Montel) European coal prices rallied on Tuesday, propelled by lingering supply concerns.…
Read moreGerman coal exit delay may hurt January prices – analysts
(Montel) German plans to shut 4 GW of hard coal by year end still lack important EU approval,…
Read moreGerman front-month power falls amid higher wind forecasts
(Montel) Germany’s front-month power contract declined on Tuesday and showed further room to the downside after jumping…
Read moreSweden, Norway fear hydropower not green enough for EU
(Montel) Swedish and Norwegian power producers are concerned that new EU rules on sustainable activities will mean hydropower…
Read morePolish plan to merge utilities is unviable – report
(Montel) The Polish government’s plan to merge state-run utilities and take over their coal-fired plants is unviable due…
Read moreVattenfall to supply Microsoft data centres with green power
(Montel) Swedish energy group Vattenfall signed a power supply deal with Microsoft in which it would match the…
Read moreDutch launch green energy subsidy tender after delay
(Montel) The Dutch government on Tuesday opened its latest renewable energy subsidy round following a two-month delay due…
Read moreEnel to add 5.4 GW green capacity in Spain, Italy by 2023
(Montel) Italy’s Enel plans to add 3.9 GW of green capacity in Spain and 1.5 GW in…
Read moreLimited inspections fuel French nuclear plant safety fears
(Montel) A lack of on-site inspections of French nuclear plants by safety experts amid the Covid-19 pandemic is…
Read moreGas prices trade mixed amid lack of direction
(Montel) European gas prices were mixed on Tuesday amid a lack of direction in the wake of…
Read moreSwedish power suppliers call for larger bidding zones
(Montel) Large local price differences in the Nordic spot power market are creating challenges for electricity suppliers' risk…
Read morePoland must remove barriers to become gas hub – traders
(Montel) Poland’s plans to become a regional gas hub – outlined by the government on Monday – requires…
Read moreIgnitis plans 63 MW Lithuanian wind farm by end of 2022
(Montel) Lithuanian energy group Ignitis plans to complete a 63 MW wind farm in Mazeikiai by the end…
Read moreFrance has enough gas for very cold winter – TSOs
(Montel) France has secured enough gas supply for the winter should the country see prolonged cold or…
Read moreNordic front power extends gains on drier outlook
(Montel) Nordic power futures rose on Tuesday, extending the previous day’s gains and pulling further away from contract…
Read moreIndonesia’s coal production to remain flat in 2021 – miners
(Montel) Several major Indonesian coal producers will maintain their 2021 coal production targets at this year’s levels…
Read moreItaly to join pan-European intraday platform in May 2021
(Montel) Italy will join European cross-border intraday power trading platform Xbid in May next year, several months…
Read moreAustralia diversifies coal exports amid China ban – analysts
(Montel) Australia’s coal producers are seeking to diversify exports to southeast Asia and India amid ongoing restrictions…
Read moreOrsted signs 15-year PPA with 3.6 GW UK wind farm
(Montel Danish energy group Orsted has signed a 15-year power purchase agreement (PPA) with the owners of the…
Read moreS African coal exports may rise in 2020 despite pandemic
(Montel) South Africa’s coal export volumes may even grow this year, despite the Covid-19 pandemic’s impact on…
Read moreCourt upholds EDF's June Arenh contract cancellation
(Montel) Paris's court of appeal has upheld EDF's cancellation in June of its contract with Total Direct Energie…
Read moreBrent crude hits 2-month high as vaccine optimism grows
(Montel) Crude oil prices extended gains from last week on Tuesday, with Brent crude hitting a two-month high,…
Read moreUK plans to double renewable energy it procures via auction
(Montel) The UK plans to double the amount of renewable energy it procures through its contracts for difference…
Read moreFrench winter gas storage prices fall amid lofty supply
(Montel) French gas storage prices for winter 2021-22 have slipped, as the spread between summer and winter…
Read moreCarbon rises with wider energy complex
(Montel) European carbon prices rose in step with the wider energy complex in Monday trading but market…
Read moreEU approval for German coal exit imminent – ministry
(Montel) The German ministry of economics and energy is "confident" the European Commission will approve compensation for…
Read moreSpanish spot power to rise on tighter system
(Montel) Spanish spot power prices are set to rise this week on increasing demand as a drop…
Read moreSupport scheme puts Swiss green goals in doubt – experts
(Montel) Switzerland’s new support scheme for large-scale renewables may struggle to attract investors to help the country…
Read moreCoal prices rise amid tightening supply
(Montel) European coal prices gathered some support in early Monday trading from related markets and tightening supply,…
Read moreDecember TTF gas gains on colder weather outlook
(Montel) Front-month European gas prices climbed on Monday amid colder weather forecasts and a stronger energy complex.…
Read moreGlobal coal import demand may recover 4% in 2021 – Noble
(Montel) Global demand for seaborne thermal coal imports may recover nearly 4% next year from projected 2020…
Read moreFrench power jumps EUR 8 as cold weather, low wind expected
(Montel) French power prices jumped up to EUR 8.25 on Monday amid colder weather forecasts and expectations…
Read moreNordic December power rises EUR 3 on colder, drier outlook
(Montel) Nordic power futures rose on Monday morning, with the front month surging more than EUR 3 –…
Read moreStatnett sees Nordlink profitability despite export limits
(Montel) Norwegian TSO Statnett expects the 1.4 GW Nordlink cable to Germany, which is soon to be…
Read moreChina to support coal prices in December – WoodMac
(Montel) China is likely to step up its coal imports markedly in December in a policy turnaround…
Read moreWintershall Dea gas trading revenue drops by 34%
(Montel) German oil and gas producer Wintershall Dea reported a decrease in gas trading revenue by 34%…
Read moreGerman spot power to rise on reduced wind output
(Montel) German day-ahead power prices were on track to rise less than EUR 1 on Monday, as lower…
Read moreOil prices rise as Covid vaccine hopes offset growing cases
(Montel) Oil prices rose early on Monday as hopes of a coronavirus vaccine in the coming months…
Read moreEC in talks with Portugal over potential solar auction probe
(Montel) The European Commission confirmed that it is talking with the Portuguese government about whether the country’s auctions…
Read moreCO2 rebounds from 1-week low
(Montel) European carbon prices fell to one-week lows on Friday in line with related market losses but rebounded…
Read moreCooler weather, easing wind to boost Germany spot prices
(Montel) Slightly cooler weather and dipping wind generation should strengthen German spot power prices next week, while dryness…
Read moreGerman gas plants set to run baseload in Dec amid low prices
(Montel) German gas plants will continue to run baseload until the Christmas holiday period amid low gas prices,…
Read moreCO2 set to test higher levels on auction delay
(Montel) EUAs look set to test the upper half of the EUR 26-28/t channel that they occupied this…
Read moreColombian coal miner fails to end strike deadlock
(Montel) Negotiations between Colombian coal producer Cerrejon’s management and worker union Sintracarbon remain in deadlock following fresh…
Read moreWeaker wind to support German spot power next week
(Montel) Spot power prices in Germany looked set to average above this week’s delivery as wind output…
Read moreNordic power contracts hit record lows on wet weather
(Montel) Nordic power contracts near delivery dropped to fresh record lows on Friday on weather forecasts still showing…
Read morePoland faces power supply squeeze, higher prices – analyst
(Montel) Poland will face a squeeze on power supply and higher wholesale prices next decade under a current…
Read moreAsia move to electric vehicles to cut oil gains – think tank
(Montel) Emerging markets including China, India and Vietnam are shifting to electrified transport earlier than expected, eliminating…
Read moreGerman firms urge Democrats to drop NS2 sanctions – report
(Montel) A collection of German industry associations has appealed to prominent US Democrats to abstain from sanctioning…
Read moreOil continues to trade flat as virus woes curb market
(Montel) Oil prices were continuing to trade flat for a second day on Friday as concerns about rising…
Read moreFrench winter reactor availability to hit “record low” – TSO
(Montel) French nuclear availability is set to plunge to a “record low” this winter as reactors are shut…
Read moreRussian coal exporters turn to Asia but face constraints
(Montel) Russian coal exporters are increasingly “turning to the east”, although infrastructure limitations are hampering further near-term…
Read moreCO2 retreats on bearish technical drivers
(Montel) European carbon prices fell on Thursday, retreating from the prior session’s two-month high, amid bearish technical drivers.…
Read moreEnergy giants embrace Spanish hydrogen plan but urge speed
(Montel) Spanish energy giants including Iberdrola and Repsol on Thursday backed the government’s ambitious plan to develop hydrogen,…
Read moreGerman Cal 21 power slides from 5-week high as EUAs fall
(Montel) European power for delivery next year dropped on Thursday amid lower carbon and a grim outlook for…
Read moreEC unveils plan to build 300 GW of offshore wind by 2050
(Montel) The European Commission on Thursday unveiled a plan to grow offshore wind capacity 25-fold by mid-century…
Read moreHigher ETS target seen cutting central European emissions
(Montel) A higher EU ETS emission-reduction target for 2030 could help slash power sector emissions in four central…
Read more1 GW France-UK power cable “operational” from Dec – TSO
(Montel) The 1 GW France-UK IFA2 interconnector will be “completely operational” from December, one month later than scheduled,…
Read moreTTF front-month gas hits 6-week low on bearish outlook
(Montel) European front-month gas prices dropped to a six-week low earlier on Thursday amid healthy supply and weak…
Read moreFrench TSO issues power shortage alert for Jan-Feb
(Montel) France could face power shortages in January, February and early March if temperatures fall between 2C and…
Read moreVolue to acquire trading solutions firm Likron by year end
(Montel) Norwegian renewables energy group Volue will acquire German power trading solutions firm Likron for an undisclosed fee,…
Read moreGerman regulator to table coal closure schedule by year end
(Montel) German energy regulator BNA will “probably” publish a timeline showing the closure sequence for the country’s roughly…
Read moreOnly 15% of full imports on Nordlink in 2022 – German TSO
(Montel) Full import capacity to Germany from Norway over the new 1.4 GW Nordlink cable will likely be…
Read moreNordic front power edges up on colder outlook
(Montel) Nordic power futures close to delivery traded up on Thursday morning, as forecasts indicated a shift…
Read moreNew Russian Black Sea coal hub ships 1m tonnes to Turkey
(Montel) Russia’s new coal export terminal at Taman has shipped 1m tonnes to Turkey so far this…
Read moreShipping industry increasingly adopts LNG-fuelled vessels
(Montel) LNG dual-fuelled tankers accounted for around 10% of all newbuilds ordered in 2019-2020, up from just…
Read moreNovartis signs 5 Spanish PPAs totalling 275 MW
(Montel) Pharmaceutical company Novartis has signed five long-term power purchase agreements (PPAs) for 275 MW of renewable…
Read moreOil trades flat as rising Covid cases offset vaccine hopes
(Montel) Oil prices traded little changed early on Thursday as concerns about rising Covid-19 infections and widening lockdown…
Read moreWinter buying supports Newcastle coal
(Montel) Asia’s benchmark coal price fell marginally in the week to Thursday as winter pre-stocking continued to…
Read moreGerman spot power to surge as wind output halves
(Montel) German day-ahead power looked set to jump 63% on Friday, following a sharp drop in wind…
Read more2nd German-Belgian link depends on several factors – TSOs
(Montel) Belgian TSO Elia and its German counterpart Amprion are considering a second power interconnector between the…
Read moreTSOs Statnett, Tennet plan Nordlink countertrade from 2022
(Montel) TSOs Statnett and Tennet plan to launch a countertrade system on the 1.4 GW Nordlink cable between…
Read moreCoal firms on lingering supply tightness
(Montel) European coal prices firmed on Wednesday as market participants continued to factor in tight supply, while stocks…
Read moreUkraine power exports slide 20% in October
(Montel) Ukraine exported 497 GWh of power in October, down 20% on the year amid a sharp…
Read moreNasdaq Clearing changes Nordic power collateral rules
(Montel) Nasdaq Clearing said it changed its margin requirements for Nordic power, which due to the current low…
Read moreGerman power hits 5-week high on CO2 rally
(Montel) Germany’s front-year power contract climbed to a five-week high on Wednesday after news of a delay to…
Read moreGermany’s second lockdown has small impact on power demand
(Montel) Germany's second lockdown has entered its third week although the impact on power demand has so…
Read moreGas prices fall on mild outlook, 8-month high flows
(Montel) European gas prices fell on Thursday amid a mild, windy outlook, with Norwegian gas flows at their…
Read moreVoltalia signs 15-year PPA with City of London
(Montel) French renewables firm Voltalia has signed a 15-year solar power purchase agreement (PPA) with the City of…
Read moreWider aviation CO2 permit use may not boost trade – traders
(Montel) Industrial installations would be able to buy and use EU Aviation Allowances (EUAAs) to comply with Phase…
Read moreNordic power rebounds on colder, drier outlook
(Montel) Nordic power futures rose on Wednesday morning, clawing back from contract lows in the previous session, amid…
Read moreRussian coal production maintains 2020 high
(Montel) Russian coal production remained at a lofty 1.13m tonnes/day in October – in line with the…
Read moreGasum to supply Equinor with LNG in ARA region
(Montel) Finnish gas company Gasum signed a deal with Norway’s Equinor for supply of LNG in the Antwerp,…
Read moreUK green plan includes hydrogen, bans petrol cars from 2030
(Montel) The UK will allocate more than GBP 4bn to invest in low-carbon hydrogen and other clean energy…
Read moreUK’s SSE to treble renewable output by 2030
(Montel) UK energy firm SSE will treble its renewable generation output by 2030, as the firm focuses…
Read morePGE Jan-Sep wholesale, balancing power sales, buys rise 26%
(Montel) Polish utility PGE sold 55.8 TWh on wholesale and balancing power markets in January-September, 26% more than…
Read moreEngie mulls complete nuclear exit in Belgium – report
(Montel) Engie’s Belgian subsidiary Electrabel is considering closing all seven of the country’s nuclear reactors by 2025,…
Read moreOil prices edge up on hopes Opec will delay output increase
(Montel) Oil prices traded a shade up early on Wednesday on hopes that an Opec-led group will maintain…
Read morePanasonic, Equinor and Hydro to develop battery business
(Montel) Norway’s Equinor and Norsk Hydro have teamed up with Japan’s Panasonic to develop a European business for…
Read moreEUAs to end year above EUR 30 amid policy optimism – analyst
(Montel) EUA prices will end the year at around EUR 30.50/t, as the market begins to respond to…
Read moreEnergy complex eases as demand fears dominate
(Montel) Energy commodities mostly fell on Tuesday, as optimism about a second promising coronavirus vaccine faded in…
Read moreAnnulment of Spain power tax would hit prices – analysts
(Montel) An EU court decision that would lead to the annulment of a controversial 7% generation tax…
Read moreGerman power eases on economic concerns, mild winter outlook
(Montel) The German front-year power contract eased on Tuesday amid a lower carbon price, with euphoria over…
Read moreNordic TSOs plan joint approach to aid wind integration
(Montel) The four Nordic TSOs have launched work on an updated common strategy to facilitate development in wind…
Read moreNordic wood pellet prices drop to 7-month low
(Montel) Nordic wood pellet prices declined 0.5% over the past month to a seven-month low amid a…
Read moreGermany-Denmark cable gets 10-yr cross-border rule exemption
(Montel) The 400 MW Combined Grid Solution power cable linking Germany to Denmark has received a 10-year…
Read moreVirus fails to dent appetite for green PPAs – analysts
(Montel) This year’s coronavirus pandemic is failing to dent enthusiasm for green power purchase agreements (PPAs) in…
Read moreNordic Q1 power hits another record low on wet outlook
(Montel) The Nordic Q1 power contract hit a record low of EUR 13.35/MWh in a market traders called…
Read moreGerman spot power seen down 8% on large wind increase
(Montel) German day-ahead power prices looked set to drop over EUR 3 on Tuesday, as wind power generation…
Read moreFortum posts EUR 176m Q3 loss amid “Covid uncertainty”
(Montel) Finnish utility Fortum posted an operating loss of EUR 176m from comparable operations in the third quarter,…
Read moreOil continues rise amid news of Moderna vaccine
(Montel) Oil prices, which leapt in the prior session on news of a second effective coronavirus vaccine made…
Read moreCO2 jumps 4% on news of second vaccine
(Montel) European carbon prices jumped more than 4%, or over EUR 1, in Monday trading as news…
Read moreHydrogen may fuel next commodity trade boom
(Montel) Hydrogen has been used by some industries like chemicals and refining for decades, although its potential game-changing…
Read moreSpanish tenders could slow green boom, hit PPAs – experts
(Montel) Instead of speeding up Spain’s renewable expansion, government plans to tender nearly 20 GW of renewable…
Read moreGerman power hits 1-month high on promising vaccine
(Montel) German front-year power climbed to a one-month high on Monday, as markets reacted buoyantly to news of…
Read moreEU coal terminal inventories fall to 2.5-year low
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have declined to their lowest…
Read moreSpanish spot power to firm on wind dearth, forwards to fall
(Montel) Spanish spot power prices could firm week on week amid less wind, while forwards looked poised…
Read moreEC mulls extending ETS to transport and buildings
(Montel) The European Commission is considering expanding the scope of the EU ETS to cover emissions from transport…
Read moreCoal to extend highs on tight supply, strike action
(Montel) European coal prices may extend near three-week highs this week as tightening regional supply and persisting…
Read moreFrench lower house adopts solar subsidy cut
(Montel) France's lower house approved government plans to reduce subsidy payments for 3.6 GW worth of solar power…
Read moreDecember gas hits near 3-week high on cold outlook
(Montel) Front-month European gas prices rose on Monday to reach near three-week highs amid a stronger energy…
Read moreGazprom starts selling gas to Turkish market via ESP
(Montel) Russia’s Gazprom Export began to sell natural gas to the Turkish market via its electronic sales platform…
Read moreEuropean LNG terminals expect 2.4bcm this week
(Montel) LNG vessel arrivals at key European destinations could total 2.4bcm this week, potentially bringing imports since…
Read moreGreece-Italy gas pipeline TAP starts operations
(Montel) The Trans Adriatic Pipeline (TAP), which links the Greek-Turkish border and southern Italy, started commercial operation…
Read moreNordic December power plunges near EUR 3 to record low
(Montel) Nordic power futures hit fresh record lows Monday, with December diving EUR 2.60/MWh amid a wet,…
Read morePoland sees 1.2% rise in power demand in October
(Montel) Polish power consumption rose 1.2% last month year on year to 14.8 TWh while output at the…
Read moreGerman spot power set to jump as wind output eases
(Montel) German day-ahead power prices looked set to rise above EUR 30/MWh on Monday as forecasters anticipated…
Read moreTSOs begin power transfers on 1 GW France-UK link
(Montel) The TSOs in France and the UK have started power transfers over a new 1 GW…
Read moreEuropean hourly power prices turn negative amid robust wind
(Montel) Power prices in central western Europe turned negative for four hours on Monday morning, reaching a…
Read moreOil prices rise on optimism about extended Opec+ output cuts
(Montel) Crude prices rose early on Monday amid hopes that Opec+ will extend production cuts and bullish news…
Read moreEnergy complex eyes weekly gain
(Montel) Energy commodities looked set to close the week higher, with oil eyeing the biggest weekly gain…
Read moreEDF warns of ‘shrinking’ margin to start up EPR by 2023
(Montel) EDF’s margin to start up the second-generation 1,650 MW EPR reactor it is building at Flamanville is…
Read moreGerman Cal 21 power gains on carbon, technicals
(Montel) German power for delivery next year rose on Friday amid higher carbon prices and an improved technical…
Read moreMacroeconomic uncertainty to curb CO2 prices
(Montel) Carbon prices are expected to continue to fluctuate between EUR 25-27/t in the coming week as traders…
Read moreGas prices rise on cooler weather, bullish sentiment
(Montel) Spot and curve gas prices in the UK and on the continent rose in the early session…
Read moreEurope on course for very mild winter – Weather Company
(Montel) US-based forecaster The Weather Company expects all the three winter months – December to February – to…
Read moreIgnitis gas sales surge 65% in Jan-Sept
(Montel) Lithuanian energy group Ignitis sold 10.9 TWh of gas in the first nine months of the year,…
Read moreNordic power rebounds on colder outlook
(Montel) Nordic power futures rose on Friday morning, clawing back from contract lows hit in the previous session,…
Read moreENBW’s Jan-Sept generation and trading earnings jump 66%
(Montel) ENBW’s generation and trading segment posted a 66% year-on-year rise in earnings before interest, tax, depreciation…
Read moreLa Nina could last until May, impacting coal, LNG markets
(Montel) The so-called La Nina weather pattern, which can hamper coal production activities due to heavy rains…
Read moreENBW locks in 20-40% of power hedges for 2023
(Montel) Germany’s ENBW sold 20-40% of its potential power generation for 2023 by the end of Q3,…
Read moreEDF's nuclear generation drops 16% in Q1-Q3
(Montel) EDF's atomic output in France fell 16% in the first three quarters of the year due…
Read moreEngie increases 2021 hedging volumes to 70% at EUR 46/MWh
(Montel) French utility Engie had hedged 70% of its expected 2021 European nuclear and hydropower production at…
Read moreOil falls as rising virus cases dampen vaccine optimism
(Montel) Oil prices were falling on Friday as rising coronavirus cases, with record daily infection rates in a…
Read moreCO2 falls on high supply, ongoing virus woes
(Montel) European carbon prices fell on Thursday amid high auction supply and as hopes around a vaccine against…
Read moreRenewables will force redesigned power market – RWE
(Montel) An ever-growing share of renewable energy in European power mixes will likely force regulators to overhaul…
Read moreEurope to surpass 100 GW of offshore wind by 2030 – Thema
(Montel) Europe should have 100 GW of fixed-foundation offshore wind capacity and a further 6 GW of floating…
Read moreGerman Cal 21 power falls with CO2, weak demand outlook
(Montel) German front-year power fell on Thursday amid lower carbon prices and an overall weak demand outlook with…
Read moreUkraine’s cross-border power trade to surge in 2021
(Montel) Ukraine’s cross-border electricity flows are set to rise significantly next year amid heightened trade between eastern-European…
Read moreFrench power demand drops 3-4% amid lockdown – TSO
(Montel) Power demand in France is currently 3-4% below the seasonal average, as non-essential businesses are shut amid…
Read moreRWE expects lignite closure deal by year end
(Montel) RWE expects to close its first lignite-fired power plant by the end of the year under…
Read moreFinland needs green hydrogen to aid wind boom – study
(Montel) Production of green hydrogen could help Finland reach its ambitious carbon neutrality target by 2035 and allow…
Read moreNewcastle coal prices hit 7-month highs
(Montel) Pacific basin benchmark coal prices have risen this week to seven-month highs amid some upturn in…
Read moreNordic power contracts hit record lows on mild, wet weather
(Montel) Nordic power futures traded at fresh lows on Thursday amid persistent wet and mild weather and swelling…
Read moreVaccine unlikely to “ride to oil’s rescue” soon – IEA
(Montel) Oil prices have surged 10% this week on hopes that an effective vaccine against Covid-19 might soon…
Read moreRWE locks in lower margins on forward sales
(Montel) RWE increased last quarter the outright share of its lignite and nuclear generation it has already…
Read moreDemand worries nudge oil prices down from 2-month highs
(Montel) Oil prices were little changed early on Thursday, though down from two-month highs reached the previous session…
Read moreOver 500 GW of new coal-fired capacity still planned – study
(Montel) More than 500 GW of new coal-fired capacity is still in the pipeline globally, despite widespread…
Read moreEU coal imports slump 39% in H1 – Euracoal
(Montel) The EU and UK imported 44.2m tonnes of coal in the first half of the year,…
Read moreRWE trading unit’s earnings drop 30% in Jan-Sept
(Montel) Earnings at RWE’s trading division fell 30% in the first three quarters of the year, though…
Read moreFrance-EC Arenh talks near key agreement – energy minister
(Montel) Talks between France and the European Commission on reforming the Arenh mechanism are nearing a “necessary” agreement,…
Read moreVaccine hopes continue to spur energy market
(Montel) Prices on the European energy complex rose on Wednesday – after also jumping on Monday – on…
Read moreNord Stream 2 the “cheap” gas option for Germany – Rystad
(Montel) The controversial, uncompleted Nord Stream 2 pipeline remains the cheapest option to meet Germany’s rising gas…
Read moreOpec revises down oil demand outlook, urges vigilance
(Montel) Oil producer group Opec revised down its global oil demand outlook for this year and next, saying…
Read moreGerman Cal 21 power climbs to 3-week high as rally continues
(Montel) Germany’s Cal 21 power contract climbed above EUR 40/MWh on Wednesday, taking a cue from buoyant commodity…
Read moreGas curve extends gains amid global market rally
(Montel) Gas prices continued to climb on Wednesday in line with an ongoing rally in global markets…
Read moreNordic hydro output to remain high this winter – analysts
(Montel) Nordic hydropower production will remain elevated this winter despite record low spot prices as there is a…
Read moreS African coal soars near 20% on demand spike, supply threat
(Montel) South African coal prices have surged nearly 20% over the past month with rising demand and…
Read moreEon sees insolvencies from virus but impact on firm limited
(Montel) Germany utility Eon sees a higher risk of insolvencies hitting domestic firms due to the coronavirus but…
Read moreEnergy use recovers more quickly than expected – Eon CFO
(Montel) Energy consumption in Eon’s power and gas markets recovered more quickly than expected and reached last year’s…
Read moreAnalysts raise Q1 Pacific coal price outlook by 1.2%
(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average benchmark Australian coal prices by…
Read moreNordic December power nears low as weather stays wet, mild
(Montel) Nordic power futures for delivery next month approached a new low on Wednesday morning, as weather forecasts…
Read moreTSOs delay start-up of France-UK IFA2 power link again
(Montel) The start-up of the new 1 GW IFA2 interconnector between France and the UK, due this…
Read moreEni, Hitecvision launch Nordic renewables joint venture
(Montel) Italian oil major Eni and Norwegian investment company Hitecvision launched a joint venture which aims to develop…
Read moreAustralia’s Newcastle coal exports slide 4.1% in October
(Montel) Coal exports from the key Australian export port of Newcastle declined 4.1% on the year in…
Read moreEIA revises up 2020 US LNG export outlook by 1.3%
(Montel) The US Energy Information Administration (EIA) revised up its 2020 LNG export outlook by 1.3% to…
Read moreGerman spot power eyes 15% drop on more wind, mild weather
(Montel) German day-ahead power prices looked set to fall 15% on Wednesday amid an expected rise in wind…
Read moreOil hits 2-month highs on Covid vaccine hopes, inventories
(Montel) Oil prices climbed to two-month highs early on Wednesday as a reported drop in US crude inventories…
Read morePGNiG appoints Pawel Majewski as new CEO
(Montel) Polish gas monopoly PGNiG has named Pawel Majewski new CEO, effective 12 November, it said late on…
Read moreEon hedges 84% of its 2021 nuclear generation at EUR 44/MWh
(Montel) German utility Eon's subsidiary Preussen Elektra hedged 84% of its 2021 nuclear power generation at the…
Read moreCO2 drops on auction, mild weather
(Montel) European carbon prices fell on Tuesday, from Monday’s surge, in reaction to a softer EUA auction,…
Read moreFrench lockdown fails to disrupt demand, supply – analysts
(Montel) France's second lockdown is having little impact on the country’s power demand and supply, but a…
Read moreSwedish Epad prices surge on hydro surplus, grid congestion
(Montel) Swedish Epad prices for 2021 have risen as much as 40% this month amid local grid bottlenecks…
Read moreOTC gas trading volumes rise 8% in October – Leba
(Montel) Traded gas volumes in European brokered markets rose 8% on the year in October, with gains…
Read moreGerman Cal 21 power falls as vaccine "euphoria" recedes
(Montel) The German front-year power contract declined along with CO2 on Tuesday, as the initial “euphoria” about…
Read moreMild winters are aiding Russian Baltic coal exporters
(Montel) Another winter with mild temperatures would mean Russian coal exports to Europe will not be hampered…
Read moreEC expects costs for green hydrogen to fall “significantly”
(Montel) The costs of producing hydrogen from wind and solar via electrolysers in Europe are due to…
Read moreGas prices fall after Monday’s rally amid mild weather
(Montel) Gas prices in Europe dropped on Tuesday after Monday’s rally – spurred by hopes for a coronavirus…
Read moreNordic power rises but market set to remain “weak”
(Montel) Nordic power futures rose on Tuesday morning, rebounding from contract lows hit in the previous session, though…
Read moreGerman green energy fund’s record deficit widens in October
(Montel) Germany’s green energy fund has seen a record deficit widen to EUR 4.3bn in October – the…
Read moreCez hedges 77% of 2021 power output at EUR 45.80/MWh
(Montel) Czech utility Cez hedged 77% of its 2021 power production at an average EUR 45.80/MWh in the…
Read moreGerman spot power to fall from 6-week high on France demand
(Montel) German day-ahead power prices looked set to pull back from a six-week high on Tuesday amid…
Read moreUniper trading unit posts EUR 283m loss in Q3 earnings
(Montel) German utility Uniper’s trading unit on Tuesday posted a EUR 283m loss in adjusted earnings before interest…
Read moreEEX signs contract for EU emissions auctions to 2025
(Montel) Energy exchange EEX has signed a new five-year contract with the European Commission to auction EUAs…
Read moreOrsted, BP to develop 50 MW hydrogen project in Germany
(Montel) Energy groups Orsted and BP have agreed to jointly develop a potential large-scale renewable hydrogen project at…
Read moreOil falls after surge as demand concerns continue to bite
(Montel) Oil prices, which jumped 9% in the prior session, were falling on Tuesday as concerns around demand…
Read moreRenewables eye record growth despite pandemic – IEA
(Montel) Global renewable energy construction will reach 200 GW this year, a fresh record that has defied…
Read moreUniper sells 95% of 2021 output for EUR 46/MWh
(Montel) German utility Uniper has increased forward sales of its German power generation in the third quarter…
Read moreUS consortium revives plan for Welsh nuclear plant – report
(Montel) A US consortium is in talks with the UK government about resurrecting plans to build a nuclear…
Read moreEnergy jumps across board on vaccine news
(Montel) The European energy complex rose in Monday trading on news a preliminary Covid-19 vaccine being developed…
Read moreSeven EU nations threaten 2030 climate goal – think tank
(Montel) Just seven EU member states will be responsible for 80% of the bloc’s power sector emissions…
Read moreOil prices climb 9% on coronavirus vaccine hopes
(Montel) Oil prices jumped 9% in midday trading on Monday on news that a preliminary Covid-19 vaccine being…
Read moreUS miner Peabody’s coal sales slump 21% in Jan-Sept
(Montel) Coal-mining giant Peabody’s sales slumped 21% in the first three quarters of the year to 98.6m…
Read moreEUAs climb above EUR 27 amid Covid-19 vaccine optimism
(Montel) European carbon rose above EUR 27 for the first time in a month, as markets rallied strongly…
Read moreSpain spot prices to increase amid low wind supply
(Montel) Spanish spot power prices were expected to rise this week amid low wind output, though imports…
Read moreGerman winter gas supply secure without Nord Stream – TSOs
(Montel) Germany should have enough gas supply this winter even without the planned start-up of the Nord…
Read moreSluggish demand to weigh on European coal prices
(Montel) European coal prices will likely remain under pressure this week amid ailing physical demand, although analysts…
Read moreWinter gas contracts nudge down on milder outlook
(Montel) Winter European gas prices dipped on Monday to reach one-week lows amid unseasonably mild weather, higher…
Read moreGunvor boosts green power trading in industry-wide shift
(Montel) Swiss-based oil trading company Gunvor is expanding its power desk to boost its focus on renewables amid…
Read moreChinese coal imports drop by nearly half in October
(Montel) The world’s biggest coal consumer imported 13.7m tonnes (0.44m tonnes/day) of coal in October, down 47%…
Read moreBiden win unlikely to lead to quick US carbon price policy
(Montel) The incoming Democratic administration under newly elected president Joe Biden will make climate change a priority during…
Read moreGerman spot power to gain EUR 2 on subdued wind
(Montel) German day-ahead power prices were on track to rise more than EUR 2 on Monday as wind…
Read moreOil prices gain as Biden wins election
(Montel) Crude prices rose early on Monday as the weekend announcement of results in the US presidential election…
Read moreBiden vows to put climate change back on US agenda
(Montel) US president-elect Joe Biden has vowed to make climate change one of his policy priorities, paving the…
Read moreRussian gas transit via Ukraine declines 45% in Jan-Oct
(Montel) Russian gas transit shipments to the EU and Moldova via Ukraine in January-October plunged 45% on…
Read moreCoal, gas fall on lockdowns, mild weather
(Montel) European coal and gas prices slipped on Friday due to lockdowns in Europe and relatively mild…
Read moreCheniere LNG loadings slump by half in Q3
(Montel) Leading US LNG exporter Cheniere reduced shipments of the fuel by half in the third quarter…
Read moreSpain to auction 20 GW green capacity by 2025 – ministry
(Montel) The Spanish government expects to award at least 19,440 MW of renewables capacity between now and…
Read moreGerman coal generation tumbles 30% over Q1-Q3
(Montel) German power exports fell more than half and coal-fired generation by almost a third over the…
Read moreGerman Cal 21 power slips with weaker carbon
(Montel) Germany’s front-year power contract eased on Friday, snapping this week’s sharp gains, tracking similar moves in the…
Read moreNord Pool to start Polish day-ahead trading, clearing in Q1
(Montel) Power exchange Nord Pool will offer day-ahead trading and clearing of Polish power in the first…
Read moreFrench spot power to rise EUR 2 on less wind
(Montel) – Spot power prices in France were expected to gain nearly EUR 2 next week on…
Read moreNord Pool set to include Nordlink in spot price calculation
(Montel) Nord Pool will include capacity from the new 1.4 GW Nordlink interconnector to Germany in its Nordic…
Read moreEUAs eye 7% weekly gain, EUR 24-27 range
(Montel) EUAs traded down on Friday but were still on track for a more than 7% weekly gain,…
Read moreGas prices fall amid milder outlook, more wind
(Montel) European gas prices dropped on Friday amid a milder weather outlook and more wind expected early next…
Read moreAcciona plans 260 MW of renewables in Spain by end of 2023
(Montel) Spanish energy and infrastructure group Acciona plans to connect 3.6 GW of renewable capacity by the…
Read moreFinnish 145 MW coal unit to switch to waste – TSE
(Montel) Finnish power plant operator TSE has signed several supply deals to replace coal with recycled fuels at…
Read moreGERMAN – Weaker wind to push spot above France next week
(Montel) Spot power prices in Germany looked set to average above this week’s delivery and next week’s…
Read moreEstonia mulls nuclear energy build to curb emissions
(Montel) The Estonian government has established a working group to assess whether the Baltic nation should introduce nuclear…
Read moreConstruction of 188 MW Ukrainian wind farm to begin in 2021
(Montel) Ukrainian firm UDP Renewables will begin construction of a 188 MW wind farm in western Ukraine…
Read moreUniper reconsiders German LNG terminal on lack of interest
(Montel) Uniper is reconsidering its plans for a German LNG terminal in Wilhelmshaven due to a lack…
Read moreProbe into Portugal hydrogen funding inexplicable – ministry
(Montel) A probe by Portugal’s public prosecutor’s office into government funding of the country’s green hydrogen programme…
Read moreNordic power curve trades down on mild outlook
(Montel) Nordic power futures fell across the board on Friday morning, as long-term forecasts indicated mild weather…
Read moreIssuance of 2021 EUAs “delayed” until Q1 – Dutch agency
(Montel) Issuance of free EU emission allowances to industrial companies in 2021 is likely to be delayed by…
Read moreSupply glut drives wood pellet prices to record low – broker
(Montel) European wood pellet prices are languishing at record lows amid abundant supply and sluggish demand –…
Read moreGermany could turn milder towards December – forecasts
(Montel) Temperatures in Germany could turn milder again closer to December after three weeks of average levels, various…
Read moreGermany drops contested offshore wind bidding system
(Montel) Germany dropped contested plans to make offshore wind investors pay for sites after the Bundestag approved…
Read morePGE to build 250 MW of Polish solar capacity by 2024
(Montel) The renewable arm of Polish utility PGE plans to build around 250 MW of solar capacity in…
Read moreTotal delays restart of largest Danish gas field by a year
(Montel) The restart of Denmark’s largest gas field, Tyra, after maintenance has been postponed by almost a year…
Read moreNetherlands may have hydrogen exchange by 2027
(Montel) The Netherlands could have a hydrogen exchange in place by 2027, boosting the trading of the potentially…
Read moreOil prices fall on demand woes, US election knife-edge
(Montel) Oil prices were down around USD 1 on Friday amid demand concerns on the back of renewed…
Read moreCarbon climbs to four-week high amid firm energy complex
(Montel) EU carbon prices climbed to their highest since 9 October as energy prices rose across the board…
Read moreCO2 hits 10-day high despite US deadlock
(Montel) European carbon prices rose to a 10-day high on Thursday helped by a strong technical picture and…
Read moreSpanish power prices to remain weak until 2022 – Iberdrola
(Montel) Spanish power prices would remain weak until 2022 before recovering to EUR 50/MWh by 2025, according…
Read moreGerman power may surge this winter – S&P Global Platts
(Montel) German power prices for the coming winter appear to be significantly undervalued and could surge up…
Read moreGerman Cal 21 power rises to 10-day high on strong carbon
(Montel) Germany’s benchmark power price rose a fourth trading day amid bullish technical signals and higher carbon prices,…
Read moreMarket players slam new Baltic-Russia power exchange plan
(Montel) Traders and power producers criticised a new Baltic-Russia energy exchange method resulting from a dispute between Belarus…
Read moreSpot gas prices rise on low wind, strong demand
(Montel) European spot gas prices traded higher on Thursday due to low wind forecasts and strong demand.…
Read moreSweden's power system faces critical situation – Fortum
(Montel) The Swedish power system is facing a critical situation and the country's TSO has an insufficient…
Read moreIberdrola to double green power capacity by 2025
(Montel) Spanish utility Iberdrola will invest EUR 34.7bn to nearly double its green power capacity to 60 GW…
Read moreSpanish power use poised to slide 6% in 2020 – Endesa CEO
(Montel) Spanish power demand looked poised to end the year only 6% lower than in 2019, as the…
Read moreNordic power rebounds on drier outlook
(Montel) Nordic power futures rose Thursday morning, rebounding from contract lows hit in the previous session, as forecasts…
Read moreNewcastle coal hits multi-month high
(Montel) Asia’s benchmark coal price climbed 1% in the week to Thursday as it reached its highest…
Read moreBaltic regulators clash over Russian power import rules
(Montel) Lithuanian energy market regulator Vert has said a new model for cross border power trade between the…
Read moreOil prices fall as US election dims stimulus hopes
(Montel) Oil slumped early on Thursday amid worries the US election will result in a divided government unable…
Read moreVerbund sales and trading unit posts 24% rise in earnings
(Montel) The sales and trading unit at Austrian utility Verbund posted a 24% rise in nine-month earnings…
Read morePoland's PGE sees 6% rise in Jan-Sep power output
(Montel) Polish power utility PGE produced 42.8 TWh in January-September, 6% more than in the same period of…
Read moreGazprom appeals EUR 6.5bn fine by Poland's watchdog
(Montel) Gazprom has filed an appeal to a Polish court against competition watchdog UOKiK's decision to fine the…
Read moreVerbund hedges 53% of 2021 output at EUR 44.30/MWh
(Montel) Austrian utility Verbund had hedged 53% of its planned 2021 hydropower generation at EUR 44.30/MWh by…
Read moreCO2 volatile on Trump-Biden limbo
(Montel) European carbon prices gained ground in late Wednesday trading, though fell sharply earlier, in a volatile…
Read moreGerman Cal 21 power loses ground amid lockdowns
(Montel) The German power benchmark price declined with CO2 on Wednesday, as the markets remained nervous about…
Read moreGas prompt edges lower on virus fears, LNG
(Montel) Near-term European gas prices edged lower on Wednesday as the market monitored the impact of coronavirus…
Read morePolish solar capacity grows 9% in September
(Montel) Poland’s installed solar power capacity reached around 3.15 GW in September, a 9% gain month on month,…
Read moreDutch minister rejects call for link for excess green power
(Montel) Dutch energy minister Eric Wiebes has dismissed requests from MPs to build an interconnector to neighbouring…
Read moreWeaker wind, cooler France support German spot power
(Montel) German day-ahead power prices looked set to ease slightly on Wednesday, though falling wind and rising…
Read moreEurope's 70% rule may not come cheap
(Montel) A European Commission goal to make 70% of countries’ cross-border transmission capacity available for trade with…
Read moreOil firms on inventory drop, eyes on US election
(Montel) Oil prices rose early on Wednesday after a US industry report showed a big drop in the…
Read moreUK TSO warns of tight power supply
(Montel) The UK’s electricity TSO, National Grid, has warned for the second time in three weeks that power…
Read moreEnergy complex firms amid US election
(Montel) Prices in the European energy complex increased on Tuesday as markets focused on the US presidential election.…
Read moreGerman utility KMW starts 100 MW gas plant
(Montel) Regional German utility Kraftwerke Mainz-Wiesbaden (KMW) has started the trial phase of its new 100 MW gas-fired…
Read moreUS LNG, coal exports may rise with Biden victory – analysts
(Montel) A US election win on Tuesday for Joe Biden would likely trigger a lurch towards cleaner…
Read moreFrench retailer signs 16 MW solar PPA with Voltalia
(Montel) French sports retailer Decathlon has signed a 16 MW power purchase agreement (PPA) with renewables firm Voltalia,…
Read moreBiden win would see big “US energy policy shift" – analysts
(Montel) A win for Democratic presidential challenger Joe Biden in Tuesday’s US election would see a “significant…
Read moreLichtblick urges German law change to spur GO market
(Montel) German renewable energy supplier Lichtblick on Tuesday urged policymakers in Berlin to change the country’s subsidy…
Read moreGerman Cal 21 power halts slide on technical correction
(Montel) Germany’s front-year power contract on Tuesday moved in line with carbon prices to recover from a five-month…
Read moreGas prices rise as markets downplay pandemic worries
(Montel) European gas contracts recovered slightly on Tuesday, as markets played down worries about new pandemic lockdowns,…
Read moreFrance “vigilant” over winter power supply – minister
(Montel) The French government is “particularly vigilant” over power supply this winter due to reduced nuclear reactor availability…
Read moreGerman energy emissions seen down 10% in 2020 on virus
(Montel) Germany’s energy-related emissions should fall by more than 10%, or 72m tonnes, this year due to…
Read moreNordic power rebounds from record lows on drier outlook
(Montel) Nordic futures close to delivery rose on Tuesday, recovering from record lows seen in the previous session,…
Read morePGE gets gas plant permits, plans solar, wind units
(Montel) Polish power utility PGE received building permits for two combined cycle gas turbine units, totalling 1.4 GW,…
Read moreWind’s share of UK power mix hits 7-month high in October
(Montel) Wind’s share of the UK power mix rose to a seven-month high in October amid increased…
Read moreGerman spot power eyes 10% gain on lower wind output
(Montel) German day-ahead power prices looked set to rise around 10% on Tuesday as forecasts suggested wind generation…
Read moreOil falls on rising output, virus, US election uncertainty
(Montel) Oil prices were falling on Tuesday amid concerns about rising Libyan crude output, due to the second…
Read moreNordic spot power set to languish around 20-year lows
(Montel) Nordic power prices are likely remain at around 20-year lows in November due to full hydropower…
Read moreCO2 faces pressure in November amid second Covid wave
(Montel) European carbon prices were likely to remain under pressure from coronavirus countermeasures in November, though a…
Read moreGerman spot power may jump EUR 1.50 this month
(Montel) German spot power could rise around EUR 1.50 month on month in November amid lower wind power…
Read moreGerman Cal 21 power hits 5-month low on lockdowns
(Montel) Germany’s benchmark power contract fell to a five-month low on Monday amid an expected decline in…
Read moreUK gas faces pressure amid lockdown 2.0, mild weather
(Montel) UK gas prices face further pressure this month as new lockdown measures are introduced later this…
Read moreTTF spot gas could stay around EUR 14/MWh in November
(Montel) The TTF spot gas contract could average EUR 14/MWh in November, near the same level as…
Read moreSpanish power generation rises with higher wind in October
(Montel) Spanish power output rose 0.5% year on year in October to 20 TWh with increased wind…
Read moreFrench nuclear output in Oct reaches 6-month high
(Montel) France’s nuclear output in October reached 28.1 TWh, the highest since April, thanks to EDF restarting…
Read moreFront-month gas slumps to near 3-week low
(Montel) Front-month European gas prices dipped on Monday to reach near three-week lows amid forecasts of milder…
Read moreNordic power prices edge down on wet outlook, low spot
(Montel) Nordic power futures fell slightly on Monday morning, reacting to forecasts for wetter than average and…
Read moreChevron announces further delay to Gorgon LNG restart
(Montel) Chevron has again delayed the restart of its train 2 production line at its massive Gorgon…
Read moreCoal prices plumb multi-month lows on demand concerns
(Montel) European coal prices plunged to multi-month lows, as the prospect of ailing regional demand in light…
Read moreStatkraft buys UK solar power developer for GBP 118m
(Montel) Norway's Statkraft will buy UK-based solar power developer Solarcentury for GBP 117.7m, giving it a portfolio of…
Read moreOil prices fall to 5-month lows on lockdown concerns
(Montel) Crude prices fell to five-month lows early Monday, as lockdowns enacted by European countries further threatened oil…
Read moreGerman spot power set to jump EUR 12 on less wind
(Montel) German day-ahead power prices were on track to rise almost EUR 12 on Monday as a wind…
Read moreGerman wind, solar capacity grows 496 MW in September
(Montel) Germany added 108 MW of new onshore wind power capacity in September, along with 388 MW…
Read moreGerman, Danish power turns negative on ample wind output
(Montel) German and Danish power prices turned negative for four hours on Monday, reaching a low of -10.48/MWh…
Read moreEquinor declares goal of net zero emissions by 2050
(Montel) Norwegian energy company Equinor on Monday announced plans to achieve net zero emissions from production and final…
Read moreEUAs face weekly loss amid Covid surge
(Montel) European carbon prices edged up on Friday but looked set for a 5% weekly loss as Covid-19…
Read moreMost of Europe faces mild winter – forecaster
(Montel) Large parts of Europe should see slightly warmer-than-usual weather until February, with only some regions to experience…
Read moreStatkraft signs 10-year solar PPA in Bavaria
(Montel) Norwegian utility Statkraft has signed a 10-year power purchase agreement for the remaining 40 MW of a…
Read moreWind power drop to buoy German spot prices next week
(Montel) Power prices in Germany next week looked set to average above this week’s delivery, as wind power…
Read moreTotal’s Q3 LNG sales volumes increase 9%
(Montel) French oil and gas major Total posted a 9% year-on-year rise in third-quarter LNG sales volumes…
Read moreOil price plunge to USD 30 “possible” – analyst
(Montel) The price of Brent crude oil could fall to USD 30/bbl amid renewed lockdowns and a…
Read moreEuropean coal prices could plummet 8% in November
(Montel) Atlantic basin coal prices could drop as much as 8% over the coming month amid the…
Read moreGlencore’s coal output plunges 20% in January-September
(Montel) Glencore produced 83.5m tonnes of predominantly thermal coal in January-September, down 20% on the year largely…
Read moreGreen Genius signs 15-year PPA with Polish Ferrero
(Montel) Green Genius, a renewable energy company owned by the Lithuanian Modus Group, has signed a 15-year power…
Read moreOil prices set for 10% weekly loss on renewed lockdowns
(Montel) Oil prices on Friday morning were on track for a weekly loss of around 10% on concerns…
Read moreCoal hits 7-week low on Covid jitters
(Montel) Front-year European coal prices slumped to fresh seven-week lows on Thursday as fears over the impact of…
Read moreFrench spot power dives EUR 4 on lockdown announcement
(Montel) French day-ahead power slumped more than EUR 4 amid fears of demand destruction as the country…
Read moreRepsol eyes 1 GW of new pump storage capacity – CEO
(Montel) Spanish energy firm Repsol plans to expand its hydropower reservoir Aguayo in the north of the…
Read moreEquinor slashes gas outlook to 2030 by 15% amid virus
(Montel) Equinor has cut its expectations for European gas prices over the next decade by 15% due…
Read moreGerman power nears 5-month low as new lockdown looms
(Montel) Germany’s benchmark power price fell on Thursday to its lowest since early June amid concerns that imminent…
Read moreNew lockdowns could further hit fuel demand – OMV
(Montel) New lockdowns in Europe would further weaken fuel demand, OMV chief executive Rainer Seele said on Thursday,…
Read moreGas prices continue fall on virus, LNG prospects
(Montel) European gas prices on Thursday continued to retreat from last week’s peak as mounting efforts to…
Read moreUK, Spain remain most important PPA markets – Statkraft
(Montel) The UK and Spain, followed by the Nordic region remain the most important markets for PPA…
Read moreStatkraft writes down Swedish wind assets by EUR 51m
(Montel) Statkraft has written down the value of its Swedish wind assets by another NOK 566m (EUR 51.1m),…
Read moreEesti Energia power output rises 15%, posts net loss in Q3
(Montel) Eesti Energia’s power production rose 15% year on year to 1 TWh in the third quarter, although…
Read moreReactor lifetime extension plan to cost EUR 1.2bn more – EDF
(Montel) French utility EDF has raised the estimated cost of its plan to extend the running lives of…
Read moreBrent crude slumps to fresh 4-month low amid virus surge
(Montel) Brent crude oil prices slumped to fresh four-month lows on Thursday amid fears that new control…
Read moreAsia-Pacific coal prices rise to 6-month high
(Montel) Asia’s benchmark coal index rose marginally in the week through to Thursday as domestic Chinese supply…
Read moreColombia coal strike to continue as talks stall – union
(Montel) Talks between one of Colombia’s largest coal producers, Cerrejon, and union representatives remain deadlocked, with the strike…
Read moreNorwegian regulator adjusts down 2030 power surplus outlook
(Montel) Norwegian regulator NVE said on Thursday it expected the country would produce 14 TWh more electricity a…
Read moreAustria’s OMV posts 24% rise in gas sales amid lower prices
(Montel) Austrian OMV posted a 24% rise in its gas sales volumes in the first nine months…
Read moreEuropean Energy to build 300 MW solar plant in Denmark
(Montel) Danish renewables developer European Energy will proceed with a plan to build a 300 MW solar farm…
Read moreShell’s Q3 LNG sales volumes fall 9%
(Montel) Royal Dutch Shell's LNG sales declined 9% year on year to 17.1m tonnes (23bcm) in the…
Read moreStatkraft’s trading unit sees 7% drop in Q3 profit
(Montel) Norwegian energy group Statkraft's marketing operations unit posted an operating profit of NOK 110m (EUR 10m) in…
Read moreEquinor writes down USD 2.9bn of assets on lower oil price
(Montel) Norway’s Equinor has written off USD 2.93bn from the value of its assets as it forecast oil…
Read moreUkrainian renewables generation jumps 86% in September
(Montel) Ukraine’s renewable power generation in September jumped 86% year on year to 1.1 TWh, amid increased…
Read moreEnergy complex slides on virus concerns
(Montel) The energy complex was buffeted on Wednesday by the prospect of more severe, coronavirus-related lockdowns, with…
Read moreCO2 drops below EUR 23 on Covid restrictions
(Montel) Carbon EUAs fell below EUR 23/t for the first time in four months, as concerns about tightened…
Read moreUK’s renewable energy capacity to double by 2026 – Rystad
(Montel) The UK’s goal to double its renewable energy capacity by 2030 will be achieved four years…
Read moreNordic power prices may hit new lows next year – Storm Geo
(Montel) Nordic power prices could reach new lows next year due to high reservoir levels and rising…
Read moreNaturgy’s LNG unit sees EUR 30m Q3 loss on virus impact
(Montel) Spanish energy firm Naturgy saw its LNG division make a EUR 30m year-on-year loss in third-quarter earnings…
Read moreIberdrola, Fertiberia aim to invest EUR 1.8bn in hydrogen
(Montel) Spanish utility Iberdrola and fertilizer firm Fertiberia aim to invest EUR 1.8bn in hydrogen projects in…
Read moreGerman Cal 21 power falls as lockdown fears spread
(Montel) The German front-year power contract dropped over 1 EUR on Wednesday, as the market feared increased lockdown…
Read moreGas prices fall as supply concerns abate
(Montel) European gas prices fell in early Wednesday trading as the conclusion of an unplanned Norwegian outage,…
Read moreSpain targets GPAs to jump-start biomethane sector
(Montel) Spain is eyeing long-term gas purchase agreements (GPAs) to jump-start the biomethane industry and reach the…
Read moreFrench November power hits contract low on demand worries
(Montel) French power for November delivery slumped to a contract low on Wednesday amid concerns about flagging…
Read moreFront Nordic power hits fresh lows on wet, mild weather
(Montel) Nordic front power contacts fell to record lows on Wednesday amid persistent wet and mild weather forecasts,…
Read moreChina coal imports to slide 6% this year – analyst
(Montel) Chinese coal imports will likely drop around 6% this year amid Covid-19’s impact on demand, government-imposed…
Read moreGerman spot power eyes EUR 1 gain on less renewables output
(Montel) German day-ahead power prices looked set to rise around EUR 1 on Wednesday amid expectations of slightly…
Read moreOrsted’s Q3 offshore wind output rises 14%
(Montel) Danish energy group Orsted generated 3.2 TWh of offshore wind in the third quarter, up 14% from…
Read moreOil prices give up Tuesday’s gains on demand concerns
(Montel) Oil prices slipped in early trading on Wednesday amid renewed concerns about flagging demand caused by the…
Read moreCarbon falls on Covid-19 fears
(Montel) European carbon prices dropped for a second day on Tuesday, as fears of rising coronavirus infections weighed…
Read moreRotterdam coal imports plunge over 30% in Jan-Sept
(Montel) Europe’s largest port, Rotterdam, imported 11.2m tonnes of coal in January-September, down 5m tonnes – or…
Read moreBP puts hydrogen on 2030 horizon
(Montel) BP reckons hydrogen will play a key role in decarbonising economies in years to come, although…
Read moreGerman front-month power falls to 4-week low on virus fears
(Montel) German power for delivery next month fell to a four-week low on Tuesday, with the benchmark Cal…
Read moreSouth African coal miners threaten widespread strikes
(Montel) South Africa’s National Union of Mineworkers (NUM) is threatening widespread strike action amid ongoing wage disputes…
Read moreNorway sees record power production in Q3
(Montel) Norway's power production in the third quarter hit a record 34.6 TWh, energy regulator NVE said on…
Read moreLithuania objects to “hasty launch” of Belarus nuclear plant
(Montel) Lithuania has officially notified Belarussian officials of its disapproval to the November test launch of a 1.2…
Read moreFront-month gas slides on mild weather, virus concerns
(Montel) European front-month gas contracts fell to their lowest levels in a week on Tuesday on forecasts of…
Read moreUK power interconnectivity to hit 10 GW by 2023 – EnAppSys
(Montel) UK power interconnectivity with other European counties is set to more than double to 10 GW…
Read moreStatkraft, BayWa sign 10-year solar PPA for 42 MW in Spain
(Montel) German renewables firm BayWa RE has signed a 10-year power purchase agreement (PPA) with Norway's Statkraft…
Read morePoland should add 23 GW of renewables by 2030 – study
(Montel) Poland should add at least 22.7 GW of renewables capacity to its existing 10 GW to replace…
Read moreNordic November power hits contract low on wet outlook
(Montel) Nordic power futures fell on Tuesday as forecasts for wet and mild weather raised the prospect…
Read moreGalp to install 2 GW of solar power by 2023
(Montel) Portuguese firm Galp will install 2 GW of solar power capacity of the 2.9 GW portfolio…
Read moreBP’s global gas production plunges 17% in Q3
(Montel) UK oil and gas major BP on Tuesday reported a 17% year-on-year drop in gas production…
Read moreVattenfall hedges 63% of 2021 Nordic output at EUR 29/MWh
(Montel) Vattenfall had sold 63% of its Nordic power production for 2021 at an average price of…
Read moreOil prices break losing streak as hurricane approaches US
(Montel) Oil prices were rising on Monday, after hitting a three-week low in the prior session on coronavirus…
Read moreCO2 slumps EUR 1 on weak fundamentals
(Montel) European carbon prices slumped more than EUR 1 on Monday amid weak fundamentals, with the coronavirus…
Read moreArenh volumes may hit 155 TWh next year – experts
(Montel) Nuclear energy contracted for delivery in 2021 under France's Arenh scheme will likely exceed 100 TWh for…
Read moreLNG market shrugs off prolonged Hammerfest outage
(Montel) A prolonged outage at the Hammerfest LNG plant in Norway will have a negligible impact on…
Read moreSpanish spot power set to rise as wind output drops
(Montel) Spanish spot power prices were on track for gains this week amid expectations of less wind…
Read moreGerman front-month power falls more than EUR 1 on lockdowns
(Montel) The German front-month power contract fell more than EUR 1 on Monday amid fears that the…
Read moreFront-month gas retreats on milder weather forecasts
(Montel) Front-month European gas prices softened on Monday, after hitting fresh year highs last week, amid forecasts…
Read moreCoal prices soften amid weakening energy complex
(Montel) European coal prices edged lower in early Monday trading in line with related markets and amid…
Read moreHammerfest LNG plant to be closed for 12 months – Equinor
(Montel) Norwegian energy firm Equinor on Monday said its Hammerfest LNG plant in Norway will be closed for…
Read moreNordic front-month power dives EUR 2 to 10-week low
(Montel) Nordic power futures fell across the board on Monday amid very wet forecasts, with the front month…
Read moreEuropean LNG terminals expect 2bcm this week
(Montel) LNG vessel arrivals at key European destinations could total 2.04bcm this week, potentially bringing imports since…
Read moreFrance to limit force majeure of Arenh power next year
(Montel) The French government will limit companies' scope to declare force majeure relating to EDF deliveries of regulated…
Read moreRevised wind forecasts pressure German spot power lower
(Montel) German day-ahead power prices looked set to fall on Monday as forecasters revised up their wind…
Read moreCrude prices slide on pandemic concerns
(Montel) Crude prices were lower early Monday amid continuing worries about the impact of pandemic lockdowns on oil…
Read moreGerman, Danish power turns negative on Sunday
(Montel) German and Danish power prices turned negative for seven hours on Sunday, reaching a trough of…
Read moreTightening supply concerns underpin coal
(Montel) European prompt coal prices drew strength from continued concerns about tightening supply this winter, although slack…
Read moreCARBON – Rally eliminates losses for the week
(Montel) A carbon rally on Friday morning wiped out the entire week’s EUA losses, and traders said the…
Read morePower traders question bidding zone review – Efet
(Montel) Players in the European power market are questioning the EU’s review process aimed at potentially reconfiguring power…
Read moreEU ministers defer 2030 target decision to December
(Montel) EU environment ministers agreed on Friday to the outlines of a European climate law that would…
Read moreGas prices rally on lower Norwegian flows, LNG fears
(Montel) European gas prices rose on Friday amid lower flows from Norway and the fear of fewer LNG…
Read moreGerman Cal 21 power extends gains amid buoyant carbon prices
(Montel) Germany’s benchmark power contract extended the previous day’s gains on Friday, taking a cue from buoyant carbon…
Read moreNaftogaz to diversify from gas, boost renewables portfolio
(Montel) Ukrainian gas supplier Naftogaz is taking steps to diversify from the fossil fuel, with plans to…
Read morePolish wholesale power prices highest in Europe – study
(Montel) Polish wholesale power prices in September remained Europe’s highest for the sixth straight month, at EUR 53.73/MWh,…
Read moreSonae buys 6 CHP plants (88 MW) in Spain
(Montel) Portuguese investment company Sonae has purchased six combined heat and power (CHP) plants – totalling 88…
Read moreNordic power prices rise on CO2, drier outlook
(Montel) Nordic power futures rose Friday morning for the second consecutive session in response to drier weather…
Read moreMore wind, nuclear weigh on German front-week power
(Montel) Power prices in Germany next week looked set to average below this week’s delivery, as a…
Read moreCez agrees sale of Europe’s largest onshore wind farm
(Montel) Czech utility Cez has agreed to sell energy-related assets in Romania including a 600 MW onshore wind…
Read moreOil prices drift down in range-bound trade
(Montel) Oil prices drifted lower in range-bound trading early on Friday, although ongoing concerns about slowing demand raised…
Read moreFrench energy minister in isolation due to coronavirus
(Montel) France’s energy minister, Barbara Pompili, has put herself in isolation for seven days after being in contact…
Read moreFrench GO auction settles at EUR 0.17/MWh amid low demand
(Montel) The French government sold only 20% of the guarantees of origin (GO) offered on an auction of…
Read moreWorkers contract Covid-19 at French, Belgian nuclear plants
(Montel) About 60 power workers at nuclear plants in Belgium and France have contracted Covid-19, energy firms EDF…
Read moreCarbon rebounds from 4-month low
(Montel) European carbon prices climbed on Thursday amid bullish technical signs after extending the recent decline to a…
Read moreEfet urges demand tailored support for hydrogen
(Montel) European governments eager to promote hydrogen as an alternative fuel to meet climate goals should target demand…
Read moreNordic power demand may rise 50% next 20 years – Statnett
(Montel) Electricity demand in the Nordic region will likely rise close to 50% over the next two…
Read morePPA platform expects deals in Europe to pick up in 2021
(Montel) Power purchase agreements (PPA) will pick up in 2021 following a slow fourth quarter as economic activity…
Read moreUS miner Arch’s thermal coal sales plunge 38% in Q3
(Montel) US producer Arch Coal sold 15.1m short tons (13.6m metric tonnes) of thermal coal in the…
Read moreFrench front-month power jumps EUR 2.50 on nuclear doubts
(Montel) French front-month power prices jumped by more than EUR 2.50 on Thursday amid uncertainty over nuclear…
Read moreGerman November power firms on cold weather outlook
(Montel) German power for November delivery rose 1.6% on Thursday amid expectations of cold weather and low wind…
Read moreGas spot jumps, curve hits new 2020 highs
(Montel) Gas spot prices jumped sharply in early Thursday trading, spurred by concerns about unplanned Norwegian outages,…
Read moreGermany must exit coal by 2030 to meet EU goals – study
(Montel) Germany needs to bring forward the country’s planned coal exit by eight years to 2030 and speed…
Read moreNordic Q1 power jumps EUR 1 on drier outlook
(Montel) Nordic power futures rose across the board on Thursday, with the front quarter jumping EUR 1, amid…
Read moreDemand worries keep oil prices under pressure
(Montel) Oil prices edged up early on Thursday, clawing back from sharp losses in the previous session amid…
Read moreAnglo American revises 2020 coal output estimate down 9.5%
(Montel) Anglo American expects to produce 19m tonnes of thermal coal this year, down 2m tonnes –…
Read moreGerman spot power to rise 34% on less renewables output
(Montel) German day-ahead power prices looked set to rise 34% on Thursday as forecasters anticipated a drop…
Read moreGO prices remain under pressure from strong supply – analyst
(Montel) Prices of Guarantees of Origin (GO) will likely remain subdued this autumn, as strong supply from new…
Read moreGerman power sector to miss 2030 climate goal – UBA
(Montel) The German energy industry is likely to miss its statutory CO2 reduction target for 2030 despite…
Read moreCarbon tumbles on virus, higher supply, Brexit
(Montel) European carbon prices fell to a fresh four-month low on Wednesday as spiralling coronavirus cases, elevated…
Read moreGerman front-year power at fresh low as coronavirus spreads
(Montel) German power for delivery next year dropped to a fresh two-month low on Wednesday amid fears of…
Read morePower prices set to recover, says Iberdrola as profits fall
(Montel) Spanish utility Iberdrola expects power prices and demand to recover in this year’s fourth quarter, CEO…
Read moreGreen tenders would threaten Spanish solar sector – experts
(Montel) Spain's solar sector would be threatened over the next five years by speculation and "unrealistic" prices that…
Read moreHydrogen, batteries to drive German prices from 2030 – Thema
(Montel) Renewable power based on hydrogen or batteries would gradually displace gas in driving prices on the German…
Read moreGas prices retreat amid demand fears on back of virus
(Montel) European gas prices were retreating on Wednesday after several days of gains, as contracts reacted to…
Read moreNordic front power hits 9-week low amid wet and mild weather
(Montel) Nordic power contracts traded lower on Wednesday amid continuing forecasts of wet and mild weather which would…
Read moreCO2 hits 4-month low on auction volumes, economic woes
(Montel) Carbon prices slipped below the important EUR 24/t level in mid-morning trade on Wednesday as auction volumes…
Read moreGerman traders return to work from home as virus surges
(Montel) Traders at some German energy trading houses are resuming working from home and the firms are making…
Read moreTalks resume as sides seek to resolve Cerrejon coal strike
(Montel) Negotiations have resumed between one of Colombia’s largest coal producers, Cerrejon, and union representatives as both…
Read moreNorway’s Hydro, Lyse to merge power production assets
(Montel) Norwegian energy and aluminium group Norsk Hydro will merge some of its power production assets with utility…
Read moreGerman spot power to fall as renewables to cover half demand
(Montel) German day-ahead power prices looked set to fall on Wednesday as combined wind and solar output was…
Read moreOil falls on jump in US inventories, supply concerns
(Montel) Crude oil prices fell on Wednesday amid data showing a surprise rise in US inventories and on…
Read moreCO2 slumps to 4-month low on auction prices
(Montel) Carbon slumped to a four-month low on Tuesday amid low auction prices and uncertainty about a…
Read moreGas prices drop from 10-month highs on temperature climb
(Montel) European gas prices fell on Tuesday from 10-month highs amid higher temperatures forecast for the next few…
Read moreUK wind capacity may grow 5% this winter – consultancy
(Montel) New wind power capacity across the UK could grow by 1.3 GW – or 5% –…
Read moreEC plans policy overhauls next year to meet 55% target
(Montel) The European Commission will propose 12 major policy overhauls next year, including changes to tighten supply…
Read moreRegulation change will spur offshore wind growth – official
(Montel) The European Commission plans to boost cooperation between countries by changing trading rules which currently hinder offshore…
Read moreNordic Q1 power hits multi-month low on wetter forecasts
(Montel) Nordic power futures fell across the board on Tuesday, with Q1 hitting a multi-month low, as…
Read moreGerman spot power to slide EUR 3 as wind output rises
(Montel) German day-ahead power prices looked set to fall more than EUR 3 on Tuesday as wind generation…
Read moreOil falls as virus resurgence derails demand recovery
(Montel) Oil prices fell for the fourth straight session on Tuesday as a resurgence of the coronavirus in…
Read moreSpain power won’t couple with Europe before 2025 – experts
(Montel) Spanish wholesale power prices are set to drop from current elevated levels amid a boom in…
Read moreSpanish power set to fall on green supply, virus concerns
(Montel) Spanish spot power prices could fall this week amid an expected increase in wind and hydropower…
Read moreCO2 slides as buying appetite wanes
(Montel) European carbon prices fell on Monday, with the market struggling to hold the EUR 25/t level…
Read moreGerman front-year power hits 2-month low
(Montel) Germany’s benchmark front-year power contract hit its lowest level in nearly two months on Monday on the…
Read moreNuclear’s role in climate fight is unviable – lobby group
(Montel) The role of nuclear in limiting global warming to UN goals of 1.5C is not “realistic” given…
Read moreGas prices continue rise on colder weather, stronger LNG
(Montel) Front-month European gas prices hit fresh year highs on Monday amid forecasts of colder weather and…
Read morePGE plans to build 6.5 GW of offshore wind capacity by 2040
(Montel) Polish utility PGE plans to build 6.5 GW of offshore wind capacity in the Baltic Sea by…
Read moreCoal supply concerns underpin prices
(Montel) European coal prices would continue to garner support this week from ongoing supply uncertainty as the…
Read moreFrench spot power set to dive nearly EUR 8 on milder weather
(Montel) French day-ahead power prices looked set to plunge by EUR 7.68 this week to an average…
Read moreEuropean LNG terminals expect 1.57bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 1.57bcm this week, potentially bringing imports since…
Read moreGerman wind surge to pressure spot power
(Montel) German day-ahead power prices looked set to tumble on Monday as forecasters expected wind output to…
Read moreCrude prices fall on lockdown concerns, China GDP
(Montel) Crude oil prices were lower early on Monday amid concerns about the growing number of global coronavirus…
Read moreCold weather forecast supports gas and coal
(Montel) Chillier European weather forecast for the next fortnight and low expected wind levels boosted gas and…
Read moreRussian coal production hits 9-month high
(Montel) Russian coal production rose 10% on the month to a nine-month high of 1.13m tonnes/day in…
Read moreEUAs likely to hold within EUR 24-26 range next week
(Montel) European carbon prices will likely hold within a narrow range between EUR 24-26/t next week, as market…
Read moreGerman front-year power rebounds above EUR 40
(Montel) Germany’s benchmark front-year power contract climbed back above EUR 40/MWh on Friday from a near two-month low…
Read moreGas prices rise to 2020 high on low flows, higher coal
(Montel) Gas for delivery next month in the UK and the Netherlands rose on Friday to a fresh…
Read moreNordic power futures continue fall on wet outlook
(Montel) Nordic power futures continued their fall on Friday after the previous day’s dive, amid fresh forecasts indicating…
Read moreGermany to see moderate wind, mild weather next 4 weeks
(Montel) Germany should see mostly moderate wind generation and mild temperatures over the next four weeks but…
Read moreLa Nina impact could be strongest for decade – MetDesk
(Montel) The so-called La Nina weather phenomenon expected this coming winter could be the strongest in 10 years,…
Read moreCO2 slumps to near 4-month low
(Montel) Carbon prices slumped to a near four-month low on Thursday as ample supply, Brexit uncertainty and…
Read moreUK has time to negotiate seamless EU ETS link – ex-official
(Montel) There is still enough time for the UK to legislate for its own domestic emissions market…
Read moreNorway regulator probes possible intraday market abuse
(Montel) Norway's energy regulator has confirmed it is investigating possible market manipulation in intraday market auctions on…
Read moreVattenfall insists Ringhals 1 (881 MW) to close by year end
(Montel) Swedish energy group Vattenfall reiterated that the 881 MW Ringhals 1 nuclear reactor would be closed by…
Read moreGerman front-year power falls on weaker CO2, lockdown fears
(Montel) German front-year power fell below EUR 40/MWh on Thursday amid a slide in the carbon market and…
Read moreItaly overtakes Spain as EU’s leading PPA market – report
(Montel) Italy overtook Spain as Europe’s leading market for long-term green power purchase agreements (PPAs) in the third…
Read moreNo risk to UK’s winter gas supply – TSO
(Montel) UK TSO National Grid has said it does not anticipate any risk to gas market supplies…
Read moreGermany to spend EUR 11bn to cap power levy at EUR 65/MWh
(Montel) Germany plans to spend almost EUR 11bn to cap at EUR 65/MWh a surcharge on electricity bills…
Read moreGas prices hit fresh year highs on cold, weaker supply
(Montel) European gas prices hit fresh year highs on Thursday on the back of colder weather forecasts…
Read moreDanish TSO to pilot scheme to track hourly green power use
(Montel) Danish TSO Energinet and partners will launch a pilot scheme that tracks the origin of renewable power…
Read moreNordic power dives EUR 2 on wet, mild weather forecasts
(Montel) Nordic power contracts dived up to EUR 2 on Thursday amid a return to wetter, milder weather…
Read moreAsia-Pacific coal prices slump to 1-month lows
(Montel) Pacific basin benchmark coal prices dropped to around one-month lows, as the chance of any significant…
Read moreGerman, Belgian TSOs to launch 1 GW cable on 18 Nov
(Montel) The first cable connection (1 GW) between Germany and Belgium will be commercially launched on 18…
Read moreOil prices ease after posting 2% gains on Wednesday
(Montel) Oil prices softened early on Thursday, pulling back from a 2% gain in the previous day driven…
Read moreSpeculative trading to dominate EU ETS – analysts
(Montel) Speculative trading is likely to dominate the EU ETS in the next few years as the importance…
Read morePhase 4 carbon prices could soar to EUR 85/t – analysts
(Montel) The price of EUAs could soar to EUR 85/t by 2030 to incentive decarbonisation from industrial sectors,…
Read moreCarbon rebounds from 2-month low
(Montel) European carbon prices hit a two-month low early on Wednesday before rebounding, with the coronavirus and supportive…
Read moreFrance’s winter power supply risk lingers – analysts
(Montel) France still faces the risk of power shortages this winter, despite utility EDF's upward revision of its…
Read moreGerman Cal 21 power up with CO2 despite weak economic data
(Montel) The German front-year power contract rose on the back of a higher CO2 price on Wednesday,…
Read moreFrench reservoir levels set to hit new record high – EQ
(Montel) France’s reservoir levels looked set to hit a new record high – above 90% – by the…
Read moreGermany may exit coal by 2030 on tougher CO2 cuts – analysts
(Montel) Proposals for tougher EU emissions targets could see Germany exit coal a full eight years ahead of…
Read moreENBW expands trading floor amid power and gas team growth
(Montel) German energy producer ENBW has expanded and upgraded its trading floor amid recent hires and as it…
Read moreUK tax rules may see higher CO2 costs for Britain – official
(Montel) Proposed rules for a UK carbon tax after Brexit could generate a higher carbon price for…
Read moreGas spot rises on supply dip, generation demand
(Montel) Day-ahead gas prices on the Dutch TTF and the UK NBP hubs firmed slightly on the…
Read moreRussian coal export hub to expand capacity 40% in 2021
(Montel) Russia’s coal export terminal at Taman will expand capacity by 40% to 50m tonnes/year in 2021,…
Read moreNordic front power drops to 1-week low as forecasts turn wet
(Montel) Nordic power futures fell on Wednesday, with the front month dropping to a one-week low of EUR…
Read moreOpec-led group is adhering to deep output cuts – IEA
(Montel) Opec and its oil-producing allies including Russia are adhering to deep production cuts they agreed to make…
Read moreEC currently not considering ETS price floor – official
(Montel) The European Commission is not currently considering a price floor for carbon as part of its revamp…
Read morePolish power output falls marginally in September
(Montel) Polish power output fell 0.3% year on year in September to 12.4 TWh, but consumption rose by…
Read moreAnalysts raise 2020 Pacific coal price outlook by 1.2%
(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average 2020 benchmark Australian coal prices…
Read moreSpain increases renewables capacity in Q3 amid green push
(Montel) Spain connected 938 MW of renewable capacity during Q3 despite the coronavirus crisis, and investors' interest…
Read moreEDF ups 2020 nuclear output target to 325-335 TWh
(Montel) EDF revised up its nuclear output target to 325-335 TWh, compared with the 315-325 TWh it estimated…
Read moreOil prices drift down in range-bound trading
(Montel) Oil prices traded modestly lower early on Wednesday as overall demand for the fuel remained weak amid…
Read moreSSE sells stakes in UK waste plants to focus on green power
(Montel) UK power producer SSE has agreed to sell its 50% share in two energy-from-waste ventures to a…
Read morePrompt coal slips to near 3-week lows
(Montel) European nearby coal prices dropped to nearly three-week lows in Tuesday trading in line with a…
Read moreUK’s National Grid and Qatar Petroleum sign 25-year LNG deal
(Montel) A unit of National Grid and Qatar Petroleum subsidiary Qatar terminal have signed a 25-year agreement…
Read moreSpain spot power seen rising on weak wind supplies
(Montel) Spanish spot power prices could rise this week on low wind supplies, while forwards could weaken,…
Read morePoland launches key grid line for offshore wind expansion
(Montel) Polish TSO PSE has launched a 440 kV line in northern Poland, essential for connecting 10 GW…
Read moreGerman Cal 21 power slips below EUR 40 to hit 2-month low
(Montel) German front-year power continued its recent downward trend on Tuesday, briefly slipping below EUR 40/MWh to touch…
Read moreEDF set to extend Flamanville 2 outage to mid-Nov – union
(Montel) EDF is likely to extend an outage at its Flamanville 2 (1.3 GW) reactor in northern France…
Read morePoland may need 50% emissions cut for EU climate plan
(Montel) Poland may need to cut its greenhouse gas emissions by around 50% below 1990 levels in the…
Read moreGas prices fall after Norwegian strike called off
(Montel) European gas prices fell on Tuesday after a strike by security workers at the Nyhamna gas…
Read moreEU-wide nodal pricing “undesirable and unfeasible” – Entso-E
(Montel) Nodal pricing is not feasible or desirable on a European scale and is unlikely to replace…
Read moreUnion calls off Wednesday strike at Nyhamna gas plant
(Montel) Security workers union Parat has called off a planned strike on Wednesday that would have cut output…
Read moreLNG to pressure gas markets until mid-2020s – IEA
(Montel) Global gas markets will remain amply supplied until the mid-2020s, keeping downward pressure on prices, due…
Read moreUK carbon tax proposal fails to match ETS benefits – Efet
(Montel) A UK government proposal for a carbon tax would fail to deliver the same benefits as an…
Read moreNordic front power rebounds on drier, colder outlook
(Montel) Nordic power futures rebounded on Tuesday from losses seen on Monday amid a drier and colder weather…
Read moreChina Sept coal imports slump 38%, new restrictions imposed
(Montel) The world’s biggest coal consumer imported 18.68m tonnes (0.62m tonnes/day) of coal in September, down 38%…
Read moreEnergy demand won’t recover until 2023-25 – IEA
(Montel) The coronavirus pandemic could usher in a decade with the lowest rate of energy demand growth since…
Read moreHammerfest LNG plant to remain shutdown until year end
(Montel) Norway’s Hammerfest gas liquefaction plant at Melkoya, which is offline due to a recent fire, will…
Read moreGerman spot power to plunge EUR 11 as wind soars
(Montel) German day-ahead power prices looked set to slide more than EUR 11 on Tuesday as wind generation…
Read moreOil steadies after slide but demand concerns persist
(Montel) Oil prices steadied on Tuesday after an overnight slide as Libyan production was ramped up, the US…
Read moreCO2 hits 8-week low on virus, Brexit woes
(Montel) European carbon emissions fell on Monday amid concerns around rising coronavirus numbers across Europe and lingering insecurity…
Read moreCoal stocks at EU terminals decline to 2-year low
(Montel) Combined coal inventories at four key northwest European dry bulk terminals declined nearly 5% on the…
Read moreGermany's Prime Capital buys 372 MW Swedish wind project
(Montel) German asset manager Prime Capital has bought a 372 MW wind farm project in northern Sweden from…
Read moreEnovos signs 150 GWh solar PPA with German group Freudenberg
(Montel) Energy company Enovos has signed a power purchase agreement (PPA) to supply 150 GWh to the services…
Read moreLower CO2 prices, stronger wind output weigh on German power
(Montel) German power for delivery next year and next month fell on Monday, driven mostly by losses on…
Read moreEurope LNG terminals expect under 1bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 0.995bcm this week, potentially bringing imports since…
Read moreGas prices retreat as Norway supply increases
(Montel) Prompt gas prices pulled back on Monday from recent highs as an increase in supply from…
Read moreGerman Q1-Q3 power sector emissions dive 22%
(Montel) Carbon emissions from power plants in Germany fell 22%, or 36m tonnes, in the first three quarters…
Read moreCoal market faces further losses on virus threat
(Montel) European coal prices look set to lose some further ground this week on the back of…
Read moreNordic front power falls despite dry weather outlook
(Montel) Nordic power futures fell on Monday despite dry weather forecasts and rising spot prices, as weaker…
Read moreGerman spot power set to rise on firm demand
(Montel) German day-ahead power prices were on track to rise almost EUR 2 on Monday as a modest…
Read moreCrude prices drop on wage deal in Norway, US Gulf output
(Montel) Crude oil prices declined as a wage agreement was reached at Norwegian platforms and US oil workers…
Read moreNorway security strike may hit gas despite oil wage deal
(Montel) A strike among security workers could hit Norwegian gas supply to the UK from Wednesday, while…
Read moreSpot gas hits fresh 2020 high
(Montel) European spot gas prices reached a fresh 2020 high on Friday afternoon, rising to just short…
Read moreNorway strike may intensify to hit gas exports to UK – union
(Montel) An escalation of a security workers’ strike in Norway next week could affect the giant Ormen Lange…
Read moreEUAs to test support below EUR 26/t next week
(Montel) Carbon prices are likely to test levels below EUR 26/t next week in the wake of the…
Read moreLa Nina return may boost coal, LNG prices – analysts
(Montel) The return of a La Nina weather pattern this year may drive heightened demand for coal…
Read moreGas spot prices remain elevated amid Norway strike jitters
(Montel) Spot gas prices eased from their highest levels so far this year on Friday, though the…
Read moreGerman coal-fired power returns as gas prices rebound
(Montel) German power producers have stepped up coal-fired generation over the past month – a trend which analysts…
Read moreGerman Cal 21 power tracks carbon losses
(Montel) Germany’s benchmark power contract for next year fell on Friday in the wake of losses in the…
Read moreGerman green energy fund falls to record low
(Montel) Germany’s green energy fund slumped to the lowest level since its introduction by falling EUR 1.29bn in…
Read moreNordic power curve slides as lower CO2 outweighs dry weather
(Montel) Nordic power contracts retreated on Friday, as weaker carbon and gas prices outweighed a continuing dry weather…
Read moreEon secures quotas to run Grohnde (1.4 GW) until early 2021
(Montel) German nuclear power plant operator Preussen Elektra, a unit of Eon, has secured 3 TWh of power…
Read moreLatvia to join European GO market in December
(Montel) Latvia will join the growing European market for guarantees of origin from December, when its TSO AST…
Read moreGerman spot power eyes 27% rise next week on less wind
(Montel) German spot power prices looked set to rise about EUR 9 – or 27% – next week…
Read moreGermany set for cool, autumnal week – Ubimet
(Montel) The week ahead promises below normal temperatures and lingering rain in Germany, while wind output should remain…
Read moreOil’s losses tempered by US hurricane, Norway strike
(Montel) Oil was trading flat on Friday but losses were tempered by another hurricane threatening supply in the…
Read moreCarbon drops on profit-taking after rally
(Montel) European carbon prices fell on Thursday as investors took profits after the previous day’s rally and following…
Read morePPAs may drain more liquidity from power market – consultant
(Montel) Growing use of long-term power purchase agreements (PPAs) could further erode power trading volumes in the Nordic…
Read moreNaturgy, Sonatrach review long-term gas supply deal
(Montel) Spanish utility Naturgy has agreed with Algerian gas supplier Sonatrach to a review its long-term supply…
Read moreGerman power trades flat as low carbon offsets coal gains
(Montel) German power prices traded range-bound on Thursday, as the positive impact from higher coal and gas prices…
Read moreGlobal oil demand to peak around 2040 – Opec
(Montel) Global demand for oil will peak around 2040, although the fuel will retain the largest share of…
Read moreGas prices hit fresh year highs on bullish drivers
(Montel) Front-month gas prices hit fresh 2020 highs on Thursday amid support from several drivers, including an ongoing…
Read moreUkraine’s new short-haul gas service reaches 6.1bcm
(Montel) Ukraine has handled 6.1bcm of gas through its new “short-haul” transit gas service to EU destinations…
Read moreNord Stream 2 to proceed despite Gazprom fine – analyst
(Montel) The Nord Stream 2 gas pipeline would proceed despite a record EUR 6.5bn fine imposed on Gazprom…
Read moreTennet pays Danish power firms EUR 40m to cut 1.8 TWh in H1
(Montel) German TSO Tennet paid Danish power producers a record DKK 298.5m (EUR 40.1m) in the first half…
Read moreNordic Q1 power hits 4-week high as dry outlook confirmed
(Montel) Nordic power futures rose on Thursday – with the Q1 hitting its highest level for a…
Read moreAxpo signs 6-year onshore wind PPA (82 MW) in Belgium
(Montel) The Benelux unit of Swiss utility Axpo has signed a six-year power purchase agreement (PPA) with…
Read moreChina holiday subdues Asia-Pacific coal market
(Montel) Asia-Pacific benchmark coal prices are little changed on the week amid a holiday in China and…
Read moreEuropean GO demand sees record 15% growth in H1 – Ecohz
(Montel) Demand for guarantees of origin (GOs) in Europe jumped 15% year on year in the first six…
Read moreOil prices edge up amid signs of firmer US demand
(Montel) Oil prices edged higher early on Thursday after official US inventory data in the previous session suggested…
Read moreGerman spot power eyes 40% gain on less wind output
(Montel) German day-ahead power prices looked set to rise 42% on Thursday as forecasters anticipated a drop…
Read moreEuropean Parliament passes climate law with 60% target
(Montel) The European Parliament has passed a climate law that includes a target adopted on Wednesday to…
Read moreCarbon rises to 2-week high
(Montel) European carbon prices jumped to a two-week high on Wednesday following the European Parliament vote to cut…
Read moreSeaborne coal trade may grow 6% in 2021 – shipbroker
(Montel) Seaborne coal trade could grow nearly 6% in 2021, following a sharp decline this year, in…
Read moreSpain eyes EUR 26.6bn green investment in recovery plan
(Montel) Spain would spend more than EUR 26.6bn of European funds earmarked for the coronavirus recovery on…
Read moreGerman Cal 21 power rises as carbon prices climb 2%
(Montel) The German front-year power contract reacted to a spike in carbon prices on Wednesday after news broke…
Read moreCO2 prices to average EUR 26.69/t in Q4 – analysts
(Montel) EUA prices will average EUR 26.69/t during the fourth quarter, little changed from their current levels,…
Read moreFinland power undersupply boosts wind investment – analyst
(Montel) The recent surge in wind power investment in Finland is partly caused by an undersupply of electricity…
Read morePrompt gas jumps on strike, MEP vote boosts sentiment
(Montel) European spot gas contracts jumped on Wednesday, with the UK day-ahead contract hitting a fresh 10-month…
Read morePoland slaps EUR 6.5bn fine on Gazprom over Nord Stream 2
(Montel) Poland’s competition watchdog fined Russian gas giant Gazprom PLN 29bn (EUR 6.5bn) due to a lack of…
Read moreEuropean Parliament backs 60% 2030 climate target
(Montel) The European Parliament has supported raising the EU’s emissions reduction target to a 60% cut on…
Read moreNordic power prices rise on dry outlook, climate vote
(Montel) Nordic power futures rose on a combination of dry weather and stronger carbon prices on Wednesday, after…
Read moreNorway aims to boost hydropower investments with tax relief
(Montel) The Norwegian government has proposed tax relief for hydropower producers in a move to boost investment in…
Read moreEIA raises 2020 US LNG export outlook by 0.8%
(Montel) The US Energy Information Administration (EIA) revised up its LNG export outlook by 0.8% to 6.32bn…
Read moreFinland to double wind power output by 2024 – lobby
(Montel) Finland is set to more than double its annual wind power output to 15 TWh by 2024,…
Read moreOil slides after Trump suggests delay in stimulus deal
(Montel) Oil prices slumped early on Wednesday following news that US president Donald Trump was calling off negotiations…
Read moreGerman spot power to sink EUR 4 on rising wind output
(Montel) German day-ahead power looked set to drop over EUR 4 on Wednesday as wind generation should pick…
Read moreCoal demand drop in 2020 may be largest since 1945 – IEA
(Montel) Global coal demand could experience its largest drop in 75 years in 2020, as the coronavirus…
Read moreSpanish green hydrogen plan includes 300-600 MW by 2024
(Montel) Spain’s government approved on Tuesday a hydrogen plan eyeing 4 GW in electrolysis capacity by 2030,…
Read moreSupply concerns support coal prices
(Montel) European nearby coal prices gained marginal ground in Tuesday trading as ongoing concerns about supply offset…
Read morePoland could replace lignite plant with renewables – study
(Montel) Poland could use a 5.5 GW combination of solar, onshore wind and hydro power to replace the…
Read moreFrench nuclear capacity set to hit 6-month high on Friday
(Montel) French nuclear power availability is set to reach its highest level since 23 April on Friday at…
Read moreMajority of EU members back 2030 climate plan – Altmaier
(Montel) Most EU member states support the European Commission’s recently announced plans to tighten climate policy, German…
Read moreGerman front-month power slides on improved supply picture
(Montel) The German front-month power contract slid almost EUR 1 on Tuesday amid an improved supply picture in…
Read moreENBW aims for climate neutrality by end of 2035
(Montel) German utility ENBW aims to halve the company’s carbon emissions and reach climate neutrality by the…
Read moreBaltic Dry index surges to one-year high
(Montel) The Baltic Dry Index – which tracks global dry freight rates – has risen by a…
Read moreSpot gas falls as supply, wind ease strike worries
(Montel) Spot gas contracts in the UK and on the continent fell on Tuesday as healthy supply and…
Read moreEngie to invest EUR 3.4bn from Suez sale in renewables
(Montel) French energy firm Engie has agreed to sell most of its stake in water and waste treatment…
Read moreEU plan for supply security would boost transparency – Acer
(Montel) A plan by EU regulatory agency Acer for the bloc to assess its security of supply…
Read moreEU energy ministers mull tougher 2030 climate plan
(Montel) European energy ministers have begun informal talks hosted by Germany that aim to bridge differences over…
Read moreEasing wind to support German spot power
(Montel) German day-ahead power prices looked set to rise slightly on Tuesday as forecasters expected wind output…
Read moreOil gains on bullish drivers as Trump returns to White House
(Montel) Oil prices were gaining on Tuesday as US president Donald Trump returned to the White House after…
Read moreJohnson to reiterate UK plan to quadruple offshore wind
(Montel) UK prime minister Boris Johnson will reiterate a plan to quadruple the country’s offshore wind power capacity…
Read moreCarbon softer in range-bound trading
(Montel) European carbon prices traded a shade down on Monday as ongoing concerns about coronavirus offset the prospect…
Read moreGerman front-year power holds firm despite carbon losses
(Montel) The German front-year power contract withstood downward pressure from the carbon market and inched up towards the…
Read moreSpanish spot power to rise as system tightens, Cal 21 gains
(Montel) Spanish spot power could rise this week on a tighter system with less wind, more demand,…
Read moreCoal prices renew gains as supply tightens
(Montel) European coal prices renewed their upward trend in Monday trading, buoyed by the prospect of a…
Read moreSpot gas hits year high on Norway supply curbs
(Montel) Day-ahead gas prices on Europe’s most liquid hubs – the Dutch TTF and the UK NBP…
Read morePhase 3 EUAs to trade at small premium to phase 4 in Q1
(Montel) Phase 3-eligible EUAs would likely trade at a small premium to phase 4 allowances in the…
Read moreRussian gas transit via Ukraine slumps 42% in Jan-Sept
(Montel) Russian gas transit shipments to the EU and Moldova via Ukraine in the first three quarters…
Read morePoland’s Wilko 5 to start 26 MW wind farms in 2022
(Montel) Polish renewable energy company Wilko 5, owned by the Israeli Helios Energy Investments fund, plans to start…
Read moreNordic power futures edge up as hydropower inflows to ease
(Montel) Nordic power futures edged higher early on Monday as forecasts for drier weather suggested a slowdown in…
Read moreOrsted, Yara plan 100 MW green hydrogen plant in Holland
(Montel) Energy firm Orsted and fertiliser company Yara are in discussions to build a 100 MW green…
Read moreGerman spot power tumbles on expected wind surge
(Montel) German power for Tuesday delivery has tumbled in the wake of steep upward revisions to wind…
Read moreOil prices gain on reports of Trump’s improving health
(Montel) Crude oil prices rose amid reports that US president Donald Trump could be released from hospital as…
Read moreEngie appoints Catherine MacGregor as new CEO
(Montel) Engie has appointed Catherine MacGregor as its new chief executive officer, effective from 1 January, the firm…
Read moreGerman, Danish power turns negative at weekend
(Montel) German and Danish power prices turned negative for several hours at the weekend, reaching a trough…
Read moreNorway oil, gas strike hits six new fields, 8% of output
(Montel) An ongoing strike in Norway’s petroleum sector was extended on Monday morning, hitting output at six fields…
Read moreCoal slides amid crude losses
(Montel) European coal prices dropped on Friday as the API 2 window took a cue from sinking…
Read moreBrent crude drops 5% to lowest since mid-June
(Montel) Oil prices plunged 5% on Friday as concerns about flagging demand and oversupply combined with news that…
Read moreFrance flips to net power importer in “unprecedented” month
(Montel) France became a net power importer in September for the first time in nearly three years, importing…
Read moreEUAs likely to test support below EUR 26 next week
(Montel) EU carbon prices may test recent support below EUR 26/t in the coming week, amid a general…
Read moreGerman Cal 21 power falls on bearish influence of CO2, oil
(Montel) The German front-year power contract posted further losses amid falling CO2 and oil prices on Friday,…
Read moreGas prices continue fall as flows increase, wind rises
(Montel) European gas prices continued their fall on Friday amid increased flows from Norway and forecasts of stronger…
Read moreCoal miners at S Africa’s Exxaro prepare for strikes – union
(Montel) Coal miners at one of South Africa’s largest coal producers, Exxaro, are preparing for widespread strike…
Read moreNordic power falls on very wet outlook as reservoirs fill
(Montel) Nordic power futures were falling across the board on Friday on wetter than average forecasts and…
Read moreGerman spot power eyes EUR 6 drop next week on more wind
(Montel) German spot power prices looked set to fall nearly EUR 6 next week on average amid…
Read moreETS emissions to dive 17% in 2020 on virus impact – report
(Montel) Emissions from operators covered by the EU ETS will fall 17% in 2020, exceeding the previous record…
Read moreEUAs need to hit EUR 79 to boost green hydrogen – analyst
(Montel) EU carbon prices will need to reach at least EUR 79/t by 2030 in order to encourage…
Read morePoland's gas storage exemptions may breach EU law – minister
(Montel) The Polish climate ministry's plan to exempt domestic gas monopoly PGNiG from a costly LNG storage obligation…
Read moreGermany to see heavy rain, average wind next week – Ubimet
(Montel) Germany should see mostly rainy weather next week, with levels up to four times above normal in…
Read moreExchanges to list separate spot EUA contracts for compliance
(Montel) The two largest exchanges offering EUA futures and spot contracts confirmed late on Thursday they will list…
Read moreHammerfest LNG plant may stay shutdown this winter – analyst
(Montel) Norway’s Hammerfest gas liquefaction plant at Melkoya, which had operations suspended on Monday due to a…
Read moreCoal gains on supply concerns, utility demand
(Montel) European coal prices continued to strengthen in Thursday trading, underpinned by lingering supply concerns and higher…
Read moreBulging supply to keep pressure on carbon this month
(Montel) Analysts expected carbon prices to maintain the wide range they have been occupying since summer this…
Read moreGerman front-year power falls with lower CO2
(Montel) The German power front-year power contract fell on the back of a lower carbon price on…
Read moreGroningen field won’t be reliable winter back-up asset – NAM
(Montel) The Dutch Groningen gas field, slated for shutdown in 2022, will not operate reliably as a winter…
Read moreDenmark grants Nord Stream 2 permission to operate
(Montel) Denmark has granted an operations permit for the Nord Stream 2 gas pipeline linking Russia with Germany,…
Read moreSpanish gas demand slides 6% in September
(Montel) Gas demand in Spain fell 6% year on year to 29.2 TWh in September amid an…
Read morePolish power demand rises for first time since February
(Montel) Polish power consumption rose 0.4% year on year in September to 13.44 TWh, seeing yearly growth for…
Read morePoland’s Ze Pak to close 1.1 GW of coal capacity by 2030
(Montel) Polish power utility Ze Pak will replace 1.1 GW of lignite-fired power with 1.3 GW of renewables…
Read moreGas prices fall on more wind, higher imports
(Montel) European gas prices fell on Thursday amid an improved wind outlook and on higher imports from Norway.…
Read moreEurope sees negative power prices for 1% of Q1-Q3 – study
(Montel) European countries experienced negative day-ahead power prices for almost 1% of the January-September period, as increased…
Read moreSpanish power and gas face weak demand in Q4 – analysts
(Montel) Spanish power and gas prices could remain under pressure in the fourth quarter as the ongoing…
Read moreAxpo to open LNG trading office in Singapore by year end
(Montel) Swiss utility Axpo will open an LNG trading office in Singapore by the end of this…
Read moreBelgian nuclear uncertainty to hit investment – industry
(Montel) The lack of clarity on Belgium’s nuclear policy amid a new coalition government could lead to…
Read moreGerman power set to slump EUR 6 this month on higher supply
(Montel) German spot power could drop 13%, or nearly EUR 6, from its September average this month amid…
Read moreAsia-Pacific Newcastle coal falls 3% but stays above lows
(Montel) Asia’s benchmark coal price eased 3% in the week to Thursday, though it remained elevated amid…
Read moreRenewables share in UK power mix grows in Jan-Sep
(Montel) Biomass, wind and solar accounted for a combined 34% share of the UK’s power mix in…
Read moreNordic power front futures dip amid strong hydropower supply
(Montel) Nordic power futures traded marginally lower on Thursday morning as fresh forecasts for wet and mild weather…
Read moreEx-regulator slams Poland’s “anti-competitive” energy policy
(Montel) The former head of Poland’s energy regulator has criticised the country’s energy policy for strengthening the dominance…
Read moreGerman spot power to weaken with more wind
(Montel) German day-ahead power prices looked set to fall on Thursday as forecasters anticipated a further rise…
Read moreVattenfall starts largest Dutch onshore wind farm (301 MW)
(Montel) Swedish utility Vattenfall has started up the largest wind farm in the Netherlands, Princess Ariane (301…
Read moreTotal to double LNG sales to 70mt/year by 2030 – CEO
(Montel) French energy company Total aims to double its LNG sales over the next decade to 70m…
Read moreGermany’s Steag trims staff to focus on renewables
(Montel) German coal-fired power plant operator Steag is slimming down to focus on renewable energy, in line with…
Read moreOil firms on drop in US crude stockpiles, stimulus hopes
(Montel) Oil prices edged higher early on Thursday after official US data late in the previous session showed…
Read moreGerman onshore wind tender 15% undersubscribed – BNA
(Montel) The latest German tender for 367 MW of onshore wind power was about 15% undersubscribed, the…
Read moreFront-month gas continues fall on higher supply
(Montel) Front-month gas prices on the Dutch TTF hub continued to drop on Wednesday, from a nine-month…
Read moreHeightened demand to support UK gas prices in October
(Montel) UK gas prices will likely garner support from heightened demand and limited LNG supply in October,…
Read moreTTF spot gas prices could see fresh 2020 high in October
(Montel) TTF spot prices could reach fresh 2020 highs next month amid expectations of steady to stronger…
Read moreIberdrola connects 50 MW solar linked to Heineken PPA
(Montel) Spanish utility Iberdrola has connected a 50 MW solar plant to the grid in southern Spain,…
Read moreSupply concerns to underpin October coal prices
(Montel) Atlantic basin coal prices will likely remain supported in October, as continued limitations to supply coincide…
Read morePoland’s PGE plans 100% green output by 2050 – CEO
(Montel) Polish utility PGE plans to exit coal “as soon as possible” and have wind generation make up…
Read moreWind, nuclear pressure front-month German power
(Montel) Germany’s front-month power contract fell by rougly EUR 1 on Wednesday after weather forecasts indicated mild temperatures…
Read moreFrench nuclear supply hits 4-month high as reactors return
(Montel) French nuclear power output has reached the highest level since early June thanks to several reactors…
Read moreGas prices fall amid higher Norwegian flows
(Montel) European gas prices fell on Wednesday, after hitting year highs in the prior session, amid higher…
Read moreNordic power futures rise on drier weather outlook
(Montel) Nordic power futures rose on Wednesday as fresh forecasts for drier weather ahead eased concerns about an…
Read moreNear full hydropower reservoirs to curb Nordic spot in Oct
(Montel) Near full hydropower reservoir levels are likely to curb Nordic spot power in October, with analysts predicting…
Read moreGerman spot power eyes EUR 9 drop as wind output jumps
(Montel) German day-ahead power prices looked set to fall around EUR 9 on Wednesday as forecasts showed…
Read moreOil prices linger near 2-week lows amid demand concerns
(Montel) Oil prices traded near recent two-week lows early on Wednesday as market participants continued to respond to…
Read moreMost of Europe faces mild weather in Oct, Dec – forecaster
(Montel) Most of Europe should see higher-than-usual temperatures next month and December, indicating a cooler outlook for…
Read moreFront-month gas pares gains after 2020 high
(Montel) Front-month gas prices on the Dutch TTF hub retreated on Tuesday after reaching their highest level…
Read moreGas prices may double in next three years – Axpo
(Montel) European gas prices may almost double over the next three years as coal and nuclear closures…
Read moreGerman weekend power drops 15% on expected wind surge
(Montel) German power for delivery this weekend dropped 15% on Tuesday amid expectations of a surge in wind…
Read moreGas prices hit year highs amid Equinor LNG shutdown
(Montel) European gas prices hit year highs on Tuesday after a fire at Equinor’s Hammerfest LNG plant…
Read moreRenewable energy a “natural progression” for Trafigura – CEO
(Montel) Trafigura’s recently announced foray into renewable energy is a “natural progression” for the commodities trading house,…
Read moreHammerfest LNG plant to stay offline for at least a month
(Montel) Norway’s Hammerfest gas liquefaction plant at Melkoya, which supplies about 5% of Europe’s LNG, will likely…
Read moreGlobal oil demand has not yet peaked – trading firm CEOs
(Montel) Global oil demand had not yet peaked and will return to pre-pandemic levels over the coming…
Read moreBelgium may extend 2 nuclear reactors beyond 2025 – report
(Montel) Belgium may keep two nuclear reactors operating in an “emergency scenario” if a governing coalition fails…
Read moreEU carbon border tax plans face multiple hurdles
(Montel) The European Commission’s plan to establish a carbon border tax has bold intentions but is fraught with…
Read moreGerman spot power set to fall as supply to rise
(Montel) German day-ahead power prices looked set to fall on Wednesday amid rising conventional availability and more…
Read moreOil continues fall as Covid-19 threatens demand recovery
(Montel) Oil prices were continuing to fall on Tuesday as a resurgence of Covid-19 was threatening to dent…
Read moreFire shuts down Equinor’s Melkoya LNG plant
(Montel) A fire has broken out at Equinor’s Melkoya LNG facility in northern Norway, halting operations at the…
Read moreCO2 jumps EUR 1 on technicals, fuels boost
(Montel) European carbon prices rose more than EUR 1 on Monday thanks to technical trading and with…
Read morePoland's PGNiG defends storage obligation for gas traders
(Montel) An obligation for Polish importers of piped gas to secure storage is not only designed to provide…
Read moreGerman front-year power firms with CO2
(Montel) Germany’s benchmark power contract firmed in line with carbon after withstanding its early downward pressure.…
Read moreSpanish spot power to trade sideways, forwards ease
(Montel) Spanish spot power could trade sideways this week below EUR 40/MWh, as bearish pressure from rising…
Read moreGas prices hit near year highs on colder outlook
(Montel) Front-month gas prices on the Dutch TTF and UK NBP hubs traded close to their highest…
Read moreNordic power prices slide EUR 1.50 as wet forecasts persist
(Montel) Nordic power futures fell across the board on Monday morning – with October down more than…
Read moreTSOs reform flow-based market rules to prevent price spikes
(Montel) Electricity TSOs in Central western Europe (CWE) will amend an allocation methodology ahead of the mid-November…
Read morePoland faces tight power supply in October – TSO
(Montel) Poland’s power system will see 17 days of tight supply in October, according to TSO PSE.…
Read moreEuropean LNG terminals expect 2.4bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 2.42bcm this week, with month-to-date deliveries still…
Read moreGerman spot power to surge as wind wanes
(Montel) German day-ahead power prices looked set to rise sharply on Monday as forecasters anticipated a further…
Read moreTrafigura targets 2 GW of renewables with new joint venture
(Montel) Trafigura, one of the world's biggest independent oil and commodity trading firms, has created a joint…
Read moreOil prices slide as coronavirus continues to hit demand
(Montel) Crude oil prices fell early on Monday amid ongoing concerns about weak demand, as the number of…
Read moreCoal retreats from 8-month highs
(Montel) Atlantic basin front-quarter coal prices eased in late Friday profit-taking after reaching eight-month highs, as supportive…
Read moreMVV enters wind PPA with Deutsche Telekom
(Montel) The trading arm of south German regional utility MVV has reached a power purchase agreement (PPA) to…
Read morePoland, miners agree deal to close last coal mine in 2049
(Montel) Poland's government on Friday struck a deal with miners to close the last coal mine in 2049,…
Read moreFate of Nord Stream 2 rests with US not Germany – expert
(Montel) Washington will determine the fate of Russia’s Nord Stream 2 gas pipeline to Germany – not…
Read moreEUAs likely to find buyers below EUR 26
(Montel) Europe's benchmark carbon price looked poised to test EUR 26/t in the coming week but could find…
Read moreGas prices fall as high wind curbs demand
(Montel) Gas prices in Europe and the UK traded lower on Friday amid increasing wind power generation and…
Read more13 nations to request derogation from 70% cross-border rule
(Montel) Thirteen EU countries will ask for a derogation from the target to offer at least 70%…
Read moreGerman front-year power falls on lower carbon, pandemic
(Montel) Germany’s front-year power contract traded lower on Friday, with traders pointing to weaker carbon prices and worries…
Read moreGerman green energy meets nearly 50% of demand – BDEW
(Montel) Renewable energy met 48% of power demand in Germany over the first nine months of 2020,…
Read moreNordic hydro producers lose output due to full reservoirs
(Montel) Nordic hydropower producers have lost up to 12 TWh of potential output this year due to near…
Read moreGerman spot power to fall on more wind next week
(Montel) German spot power prices looked set to fall next week as wind generation was set to…
Read moreCzech nuclear watchdog permits Temelin 1 (1 GW) extension
(Montel) The Czech Republic’s nuclear safety watchdog has permitted an extension of the 1 GW Temelin 1 reactor…
Read moreOil trades flat as poor outlook offsets US stimulus hopes
(Montel) Oil was trading flat on Friday as a continuing poor demand outlook amid the coronavirus crisis offset…
Read moreCoal gains on stronger burn, supply troubles
(Montel) European coal prices extended recent highs, as the market remained underpinned by stronger coal burn on the…
Read moreIntraday spikes due to inflexible German market – trader
(Montel) Recent intraday price spikes of up to EUR 4,000/MWh in Germany have highlighted a lack of flexibility…
Read moreETS needs price of EUR 50/t to spur green PPAs – analyst
(Montel) Europe's carbon prices would have to nearly double to around EUR 50/t to spur investments in…
Read moreGerman front-year power recoups most early losses
(Montel) Germany’s benchmark power price recovered most early losses to move back near EUR 41 amid volatility in…
Read moreGas prices trade flat amid variable weather forecasts
(Montel) Monthly gas prices in the UK and on the continent traded largely flat on Thursday amid an…
Read moreGreenalia to build 200 MW wind capacity on Canary Islands
(Montel) Spanish energy company Greenalia announced on Thursday it plans to build four floating wind farms (50…
Read morePolish regulator urges state-run gas storage
(Montel) A Polish state-run agency should be in charge of storing gas reserves, instead of importers, the head…
Read moreFinnish firm to build 84 MW onshore wind farm
(Montel) Finnish company Suomen Hyotytuuli plans to build an 84 MW wind farm in the Central Ostrobothnia region…
Read moreAustria plans to pass renewables act by year end – official
(Montel) Austria plans to adopt its new Renewable Energy Act by year end, which aims at 100% renewables…
Read moreNordic front power slides on swelling reservoirs
(Montel) Nordic front power futures traded lower amid a wet, mild and windy weather outlook, which would push…
Read moreEDF’s reactor outage extensions rise 44% in 2019
(Montel) French utility EDF had extended planned outages at 54 of 58 nuclear reactors by an additional 1,705…
Read moreNewcastle coal index climbs towards USD 60/t
(Montel) Asia’s benchmark coal price surged 13% in the week through to Thursday to near USD 60/t…
Read moreGrid problems to hamper Dutch energy transition – regulator
(Montel) Increased demand for renewable energy in the Netherlands could be hampered by a “continuous shortage” of…
Read moreOil continues slide as demand remains weak
(Montel) Oil prices traded in negative territory early on Wednesday, extending this week’s losses amid ongoing concerns about…
Read moreGasum signs 10-year wind PPA with Abo Wind
(Montel) Finnish energy group Gasum will buy all production at a new 40 MW wind farm operated by…
Read morePoland’s Ze Pak to launch 70 MW solar unit in 2021
(Montel) Polish utility Ze Pak plans to launch a 70 MW solar farm in central Poland in August…
Read moreGerman spot power eyes EUR 3 gain on less wind, solar output
(Montel) German day-ahead power looked set to rise more than EUR 3 on Thursday amid a steep reduction…
Read moreCCS technology boost needed to achieve climate goals – IEA
(Montel) Governments and companies around the world will need to accelerate growth in carbon capture and storage…
Read morePGE may agree to shut 5 GW Belchatow by 2035 – analyst
(Montel) PGE might agree with environmental lawyers ClientEarth to shut its 5 GW lignite-fired Belchatow plant by 2035…
Read morePortugal, Netherlands sign deal over green hydrogen tie-up
(Montel) Portugal and the Netherlands have signed a memorandum of understanding reaffirming their tie-up on green hydrogen,…
Read moreWinter TTF gas prices to average EUR 12.20/MWh – Refinitiv
(Montel) Spot gas prices on Europe’s leading TTF hub were likely to average EUR 12.20/MWh this winter,…
Read moreAcer urges nodal pricing to aid EU power bidding zone review
(Montel) EU regulatory agency Acer is likely to request European TSOs undertake nodal price simulations prior to…
Read moreFrench solar subsidy cut would be “catastrophic” – lobby
(Montel) The French government's proposal to reduce state support for the solar energy sector would seriously compromise the…
Read moreGerman front-year power drops with weaker carbon
(Montel) German power for delivery next year fell on Wednesday, following lower prices on the carbon market.…
Read moreEurope’s coal imports may slump 40% in 2020 – analyst
(Montel) European thermal coal imports could slump nearly 40% this year to just over 42m tonnes amid…
Read moreSpanish exchanges to launch transparency portal in January
(Montel) Iberian power and gas exchanges Omie and Mibgas will launch a new transparency platform on 1…
Read moreLightsource BP buys 100 MW of Spanish solar from Forestalia
(Montel) Solar developer Lightsource BP has acquired 100 MW of Spanish solar projects from Forestalia, the firms…
Read moreFront-month NBP hits near 9-month highs
(Montel) UK front-month gas prices rose to near nine-month highs in early Wednesday trading as forecasts of…
Read moreGerman cabinet agrees renewable energy reform
(Montel) German cabinet ministers on Wednesday agreed planned reforms aimed at speeding up the expansion of wind…
Read moreNordic power futures slump on wet outlook
(Montel) Nordic power futures traded down Wednesday morning as weather forecasts remained wetter than average, strengthening the…
Read moreNetherlands mulls more nuclear power in energy mix
(Montel) More nuclear power may join solar and wind in the Dutch energy mix after 2030, energy…
Read moreGazprom’s latest auction gas sales slide to 130 GWh
(Montel) Gazprom has sold 130 GWh (around 12.5mcm) of gas in its latest auction via its electronic sales…
Read moreFocusEconomics revises up Q4 coal price nearly USD 1
(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average benchmark Australian coal prices in…
Read moreGerman spot power eyes 10-day low as wind output set to jump
(Montel) German day-ahead power prices looked set to fall to a 10-day low on Wednesday as forecasts showed…
Read moreVerbund buys 51% stake in Gas Connect Austria from OMV
(Montel) Austria’s leading power company Verbund has acquired a 51% stake in Gas Connect Austria from energy group…
Read moreOil extends losses on demand concerns, rising US stockpiles
(Montel) Oil prices traded in negative territory early on Wednesday, extending this week’s losses amid ongoing concerns about…
Read moreEC probe will not delay Belgian capacity auctions in 2021
(Montel) Belgian energy minister Marie-Christine Marghem said on Tuesday afternoon that she was confident that the European…
Read moreCarbon rebounds from 1-month low
(Montel) Carbon prices rebounded from a one-month low on Tuesday as observers pointed to buying interest below…
Read moreRussia set to reopen coal rail route for exports in October
(Montel) Russian Railways (RZD) is still set to finish repairing a bridge and reopen a key rail…
Read moreRenewed lockdown concerns weigh on German power curve
(Montel) Germany’s benchmark power contract looked set to fall for a fourth consecutive session on Tuesday as…
Read moreCarbon prices slip below EUR 26/t to 1-month low
(Montel) Europe's benchmark carbon price dropped to its lowest in a month as traders dumped long positions…
Read moreVattenfall secures 270 MW for central Sweden this winter
(Montel) Swedish utility Vattenfall has secured increased power capacity from 11 suppliers for the coming winter in Uppsala,…
Read morePrompt gas slides amid easing power supply squeeze
(Montel) European prompt gas prices dropped on Tuesday as a squeeze in the power market looked poised…
Read moreEU court rejects Austrian objection to UK nuclear plant
(Montel) The EU’s top court has dismissed Austria’s appeal against government aid for the UK’s planned Hinkley…
Read moreEngie signs 10-year offshore wind PPA (84 MW) with Ineos
(Montel) France’s Engie has signed a 10-year power purchase agreement (PPA) to supply UK petrochemicals firm Ineos,…
Read morePoland to start 2.4 GW green-energy auctions in November
(Montel) Poland will hold eight auctions for a total of 2.4 GW of renewable energy capacity between 3…
Read moreGroningen output to drop to 8.1bcm from Oct – govt
(Montel) Gas production from Groningen in the Netherlands, Europe’s largest onshore field, will drop to 8.1bcm from…
Read moreEC probes Belgian capacity scheme amid oversupply fears
(Montel) The European Commission has confirmed that it will open a probe into the Belgian capacity mechanism…
Read moreVirus resurgence continues to weigh on oil market
(Montel) A resurgence of the coronavirus – with new restrictions in Europe – was dampening sentiment on the…
Read moreUK, Dutch TSOs seek to link offshore wind with subsea cables
(Montel) The UK and Dutch TSOs aim to link offshore wind farms in the North Sea with…
Read moreAlpiq CEO steps down, successor joins from BKW
(Montel) The CEO of Swiss utility Alpiq, Andre Schnidrig, has quit due to health reasons with immediate effect…
Read moreCO2 prices slide 6% on weak fundamentals
(Montel) European carbon prices slid almost EUR 2 on Monday amid weak fundamentals, dented by a resurgence…
Read moreSonnen, Next Kraftwerke enter balancing market tie-up
(Montel) German companies Next Kraftwerke and Sonnen will cooperate to sell power into the electricity balancing market to…
Read moreHydrogen remains on EU ETS protected list
(Montel) Hydrogen makers will continue to be protected from the risk of carbon leakage in the next phase…
Read moreSpanish power prices set to fall this week on ample supply
(Montel) Spanish spot power prices could fall this week amid a well-supplied system, while forwards would remain…
Read moreGerman power prices fall on improved lignite availability
(Montel) German power prices fell across the curve on Monday amid improved conventional generation availability, a windier outlook…
Read moreFront-year coal hits 6-week high on tight supply
(Montel) The front-year coal contract in the API 2 window hit a six-week high earlier on Monday…
Read moreNorway launches EUR 1.6bn CCS scheme to cut emissions
(Montel) The Norwegian government will invest EUR 1.6bn in carbon capture and storage (CCS) with a view to…
Read moreNBP spot gas hits near 9-month high on bullish power
(Montel) Day-ahead gas prices on the UK NBP hub traded at their highest levels since December 2019…
Read moreEuropean LNG terminals expect 2.2bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 2.21bcm this week, potentially bringing imports since the…
Read moreNordic Oct power hits 1-month low on rising hydro supply
(Montel) Nordic power for delivery on October slumped to a one-month of EUR 14/MWh early on Monday, in…
Read moreGerman spot power to stay at elevated levels amid low wind
(Montel) German day-ahead power prices looked set to remain elevated on Monday as forecasters predicted wind power…
Read moreGerman, French power for Monday evening soars to EUR 200
(Montel) Power for delivery during 19:00-20:00 CET on Monday in Germany, France, Belgium and the Netherlands soared to…
Read moreOil prices fall amid Libya export prospects, weak demand
(Montel) Crude oil prices fell early on Monday amid prospects for Libyan oil returning to the market and…
Read moreCoal prices drop as spot offers tick up
(Montel) European coal prices dropped in late Friday trading as ample spot availability offset ongoing concerns about…
Read moreGerman power set for more price spikes – analysts
(Montel) German power prices will likely see more spikes due to costly coal plant start-ups and a growing…
Read moreCO2 unlikely to exceed EUR 30 on weak fundamentals
(Montel) EU carbon prices look set to trade in a slightly lower range in the coming week after…
Read moreTTF spot falls as French power supply worries ease
(Montel) Gas spot prices on the continent fell in the early session on Friday as power supply worries…
Read moreDeadlocked Colombia coal strike boosts European prices
(Montel) Strike action at one of Colombia’s largest coal producers, Cerrejon, has lasted for nearly three weeks…
Read moreVirus to dent Europe power use by 3% in 2020 – analysts
(Montel) Power demand across western Europe could be up to 3% below normal at the end of the…
Read moreFrance may face power shortages in November-December – TSO
(Montel) France could suffer power shortages in late November and early December if the weather turns colder than…
Read moreNordic front power slips to 1-month low on wet outlook
(Montel) Nordic front-month power fell for the sixth consecutive session on Friday, hitting a fresh one-month low,…
Read moreEC probe into Belgian subsidy scheme may stall gas plants
(Montel) The European Commission looks set to launch an in-depth investigation into the Belgian capacity mechanism, sources…
Read moreGerman spot power set to dive EUR 8 next week on wind surge
(Montel) German spot power prices looked set to fall around EUR 8 from current levels next week as…
Read moreOil prices rise as Opec urges adherence to production cuts
(Montel) Oil prices rose on Friday after a meeting of Opec’s joint ministerial monitoring committee urged full adherence…
Read moreEuropean Parliament seeks halt of Nord Stream 2
(Montel) The European Parliament on Thursday called for a halt in the construction of the 55bcm/year Nord Stream…
Read moreEurope already set to beat 40% 2030 target – EC
(Montel) Europe is well on track to beat its prevailing 2030 climate target, a European Commission report…
Read moreLow French nuclear output sparks supply fears
(Montel) A slump in French nuclear output is fuelling fears of a power supply crunch in autumn…
Read moreCO2 slides EUR 1 in wake of revised EU target
(Montel) European carbon prices fell more than EUR 1 on Thursday as the market continued to digest the…
Read moreETS price floor would aid green transition – consultant
(Montel) A price floor on EU carbon allowances should be introduced to aid a shift to green technology…
Read moreNordic power dives as spot price crashes below EUR 12/MWh
(Montel) Nordic power futures extended earlier losses on Thursday after the regional system price plunged below expectations to…
Read moreDutch GO market sees fresh demand from local users
(Montel) Prices for Dutch guarantees of origin (GOs) have slumped amid the coronavirus crisis and oversupply but…
Read moreGas prices continue to rise but downside looms
(Montel) Gas prices in the UK and Europe rose on Thursday on cooler weather and low wind power…
Read moreCritics lament “accounting trick” in EC 2030 climate plan
(Montel) Critics have attacked a plan announced by the European Commission to sharply raise the EU's 2030…
Read moreNordic front-month power dives 10% as wet outlook persists
(Montel) Nordic power futures continued to fall for the fifth consecutive day – diving nearly EUR 2 –…
Read moreAsia-Pacific coal prices rise to 6-week highs
(Montel) Asia-Pacific benchmark coal prices rose to six-week highs amid an upturn in Chinese demand and signs…
Read moreQ-Energy buys 3 Spanish solar thermal plants
(Montel) Spanish company Q-Energy has acquired renewables firm Torresol, which owns three solar thermal plants with a…
Read moreGerman spot power to slide EUR 1 on lower demand, more solar
(Montel) German day-ahead power looked set to fall around EUR 1 on Thursday amid expectations of lower demand…
Read moreOil slips after Wednesday’s 4% gain, eyes on Opec
(Montel) Oil prices slumped in early Thursday trading, paring back gains of 4% in the previous session, as…
Read moreCoal edges up on gas gains, tighter supply
(Montel) European coal prices edged higher in Wednesday trading, in line with related gas gains and amid…
Read morePGE to close 900 MW of coal-fired capacity by 2023
(Montel) Polish utility PGE will close four units at its coal-fired Rybnik power plant totalling 900 MW of…
Read moreSpanish CHP output returns to pre-coronavirus levels
(Montel) Output from Spanish combined heat and power (CHP) plants has returned to pre-coronavirus levels, industry group…
Read moreStockholm faces power supply squeeze in coming winters
(Montel) Stockholm could face an electricity capacity shortage in the coming years if winter temperatures fall below average,…
Read moreTSOs connect first Belgium-Germany power link (1 GW)
(Montel) TSOs Amprion and Elia have connected the first power cable between Germany and Belgium, putting the 1…
Read moreGerman front-week power jump 4.5% on low wind, high intraday
(Montel) The German front-week power contract gained 4.5% on Wednesday amid low wind forecasts and market participants adding…
Read moreGas front months gain on strong energy complex, low wind
(Montel) Front-month gas contracts hit multi-day highs on the back of stronger US gas and crude prices and…
Read moreEC president reiterates call for carbon border tax
(Montel) European Commission president Ursula von der Leyen on Wednesday reiterated her plan for a carbon border tax…
Read moreCO2 to rise above EUR 50/t on EC 2030 target – analysts
(Montel) A European Commission plan to cut emissions by at least 55% by 2030 should drive prices…
Read moreVienna seeks 100% green power with 27 TWh boost by 2030
(Montel) Austria’s government on Wednesday proposed to boost the country’s annual power generation from renewables by 27 TWh…
Read moreHard Brexit threatens 60 TWh of GO demand – lobby
(Montel) If Britain leaves the EU’s internal market without a Brexit agreement by year end, it can potentially…
Read moreNordic October, Q4 power prices slump to 3-week lows
(Montel) Nordic power front futures fell on Wednesday for the fourth consecutive session as fresh forecasts continued…
Read moreGerman power soars to EUR 4,000 on outages, low wind
(Montel) German intraday power prices on Tuesday skyrocketed to the highest price on the exchange since 13…
Read moreHitachi confirms withdrawal from 5.4 GW UK nuclear projects
(Montel) Horizon Nuclear Power, Hitachi’s wholly owned UK subsidiary, will withdraw from two UK nuclear plant development…
Read moreEC plans to cut emissions by “at least” 55% by 2030
(Montel) European Commission president Ursula von der Leyen has proposed sharply raising the EU’s climate target to…
Read moreOil rises on expected drop in US stockpiles, shut-ins
(Montel) Oil prices rose early on Wednesday after a larger-than-expected drop in US crude inventories eased concerns about…
Read moreHitachi to pull out of 2.7 GW Welsh nuclear plant project
(Montel) Japanese firm Hitachi is expected to halt plans for the 2.7 GW Wylfa Newydd nuclear plant in…
Read moreFrench power soars to EUR 1,122/MWh amid heat, low wind
(Montel) Intraday power prices in France shot up to EUR 1,122/MWh on Tuesday, as central-western Europe grappled…
Read moreCO2 tests 2-month high amid technical trading
(Montel) European carbon prices tested a two-month high on Tuesday amid technical trading. …
Read moreEU lawmakers vote to include shipping in carbon market
(Montel) Lawmakers in the European Parliament voted on Tuesday to include maritime shipping in the EU ETS from…
Read moreFree carbon allocation needs better targeting – auditors
(Montel) The European Commission needs to update procedures for targeting the free allocation of EU carbon allowances,…
Read moreEU hampering cross-border offshore wind projects – experts
(Montel) EU rules intended to promote a greater interdependence of European power markets risk hampering offshore wind…
Read moreGerman Cal 21 power slips in line with softer carbon price
(Montel) Germany’s benchmark power price slipped in afternoon trading on Tuesday, retreating from the previous day’s 3% gain…
Read morePolish power demand falls 1% in August
(Montel) Polish power consumption fell 1.2% year on year in August to 13.44 TWh, though it rose month…
Read moreNordic wood pellet prices rise to record high
(Montel) Nordic wood pellet prices have risen 2% over the past month to a record high as…
Read moreIEA cuts oil demand outlook on Covid-19 resurgence
(Montel) The International Energy Agency (IEA) has cut its oil demand outlook for 2020, citing a resurgence in…
Read moreChinese price reforms may slash gas demand – WoodMac
(Montel) China’s surging gas demand of recent years, a major source of support for the global LNG…
Read moreLa Nina return may threaten coal output, exports – forecasts
(Montel) The likely return of a La Nina weather pattern this year may hinder coal production and…
Read moreGerman spot power to plummet EUR 21 as wind picks up
(Montel) German day-ahead power prices looked set to plummet from a multi-month high on Tuesday as wind generation…
Read moreOil falls as demand concerns continue to weigh on market
(Montel) Oil prices were falling on Tuesday as demand concerns continued to weigh on the market, with a…
Read moreCarbon rallies as draft 2030 plans emerge
(Montel) EU carbon prices rallied to their strongest levels in a fortnight on Monday above EUR 30/t,…
Read moreCO2 tops EUR 30/t for fourth time this year
(Montel) EUAs breached EUR 30/t for the fourth time this year on Monday as traders reacted to suggestions…
Read moreNordic region set for wet autumn – Storm Geo
(Montel) The Nordic region will likely see a wetter-than-normal autumn thanks to increased hurricane activity in the Atlantic,…
Read moreSpanish spot power, forwards may rebound
(Montel) Spanish spot power prices and "very volatile" forwards could rebound this week on less wind and…
Read moreGerman power rises on CO2, French nuclear outages
(Montel) Long-dated German power contracts rose on Monday on strong carbon and amid French nuclear outage concerns, with…
Read moreOpec trims 2020 oil demand outlook as Covid infections rise
(Montel) Oil producer group Opec trimmed its 2020 oil demand outlook, as rising Covid-19 infections worldwide and related…
Read moreGas front rebounds from 2-week low on higher CO2
(Montel) European front-month gas prices recovered on Monday after hitting a two-week low in the prior session…
Read moreCoal prices rise amid tightening supply
(Montel) Atlantic basin coal prices will likely draw further support this week amid tightening supply, as the…
Read moreEC to propose steeper ETS annual reduction cap
(Montel) The European Commission will propose a steeper annual reduction in the cap on emissions under the…
Read moreNordic front power sheds EUR 2 on wetter outlook
(Montel) Nordic power contracts fell by up to EUR 2 on Monday as forecasts showed a wet second…
Read moreUkraine’s coal generation slumps by a third in August
(Montel) Ukrainian coal-fired generation levels slumped by more than a third in August on the year to…
Read moreEDF extends outages at all its 56 reactors for 2021-2023
(Montel) EDF has extended planned outages at all its 56 operational reactors in France for 2021-2023 by…
Read moreGerman spot power eyes near 19-month high on low wind
(Montel) German day-ahead power prices looked set to see a near 19-month high on Monday as forecasters predicted…
Read moreOil demand may never fully recover from Covid-19 – BP
(Montel) Global oil demand may never fully recover from the drop in demand caused by the Covid-19…
Read moreGerman, Dutch, Danish spot prices turn negative on Sunday
(Montel) The day-ahead power auction for Germany, the Netherlands and western Denmark saw four negative hourly prices on…
Read moreOil prices climb as tropical storm hits US Gulf
(Montel) Oil prices rose early on Monday as another tropical storm made its way into the US…
Read moreCO2 falls as 60% cut fails to convince
(Montel) European carbon prices traded down nearly 2% on Friday afternoon, as traders adjusted their positions amid…
Read moreGerman power curve surrenders Thursday’s gains
(Montel) Benchmark German power retreated with weaker carbon on Friday, while tighter supply conditions in France and…
Read moreTSO apologises as Nordlink error has system-wide impact
(Montel) Norwegian TSO Statnett apologised on Friday after a test error on the new 1.4 GW Nordlink power…
Read moreEUAs to see volatile trading next week
(Montel) EU carbon is likely to continue its volatile trading in a EUR 2.50-3 range over the coming…
Read moreOTC gas trading volumes slide 23% in August – Leba
(Montel) Traded gas volumes in European brokered markets slid 23% on the year in August, with notable…
Read moreGermany mulls auctions to cut CO2 emissions faster
(Montel) Germany has indicated it may tighten climate policy by introducing another market-based instrument on top of…
Read moreGas spot falls on warm weather, healthy supply
(Montel) Spot gas contracts in the UK and on the continent traded lower on Friday as forecasts for…
Read morePolish solar capacity grows record 267 MW in August
(Montel) Poland’s solar power capacity grew a record 267 MW to 2.5 GW in August, a 12% gain…
Read moreNordlink error during test shuts at least one power plant
(Montel) An erroneous surge during testing of the new Nordlink power cable between Norway and Germany caused at…
Read moreNordic power futures edge down on weaker CO2
(Montel) Nordic front power futures edged down on Friday as a weaker carbon price offset drier forecasts.…
Read moreGerman spot to maintain discount to French power next week
(Montel) Spot power prices in Germany look set to average above this week’s delivery as a rise…
Read moreHolaluz signs 97 MW solar PPA in Portugal with Wirtgen
(Montel) Spanish power company Holaluz has signed a power purchase agreement (PPA) with Germany’s Wirtgen Invest to…
Read moreFrench regulator estimates nuclear price EUR 5 below EDF
(Montel) France’s CRE energy regulator has evaluated the cost of nuclear generation at EUR 48.36/MWh, EUR 5 below…
Read moreOil prices fall on US stock build, demand woes
(Montel) Oil prices fell on Friday amid a surprise build in US crude inventories and continuing demand woes…
Read moreCO2 gains as EU panel backs 60% emissions cut
(Montel) Carbon prices extended gains on Thursday as the European Parliament’s environment committee voted this afternoon to…
Read moreEU parliamentary panel votes for 60% CO2 cut by 2030
(Montel) The European Parliament’s environment committee on Thursday voted to call for an emissions cut of 60% by…
Read moreFrench 10-year reactor outages have overrun by 400 days
(Montel) EDF has extended all seven of the 10-year inspection outages planned at French reactors this year, totalling…
Read moreAlpiq seeks growth in eastern European gas markets
(Montel) Alpiq plans to grow its presence in eastern European gas markets, the Swiss utility’s new trading…
Read moreUK prompt gas slides on higher wind output
(Montel) UK spot prices dropped on Thursday as wind power supply was expected to treble on Friday, limiting…
Read moreNorway small-scale hydro construction hits 7-year high
(Montel) Sixty small-scale hydropower plants are under construction in Norway, with an accumulated capacity of 301 MW and…
Read moreVattenfall appoints Anna Borg as new president and CEO
(Montel) Swedish utility Vattenfall has appointed Anna Borg as new president and CEO of the company, effective from…
Read moreSpain power price will fall to German, French level – Ribera
(Montel) Spanish power prices could fall to converge with those of other European countries, including France and…
Read moreNordic front power jumps on drier weather outlook
(Montel) Nordic front power futures traded markedly higher on Thursday amid a shift to a drier weather outlook.…
Read moreEIA hikes 2020 US LNG export outlook by 13%
(Montel) The US Energy Information Administration (EIA) has revised up its LNG export outlook by 13% to…
Read moreGerman spot power to ease with more solar, less demand
(Montel) German day-ahead power prices eased on Thursday as expectations of more solar energy and typically lower…
Read moreLNG makes Nord Stream 2 superfluous – expert
(Montel) Russia’s contested Nord Stream 2 gas pipeline to Germany is redundant despite Berlin’s plans to phase…
Read moreOil trades softer ahead of official US inventory data
(Montel) Oil prices edged down early on Thursday as concerns about global demand weakness and still lofty inventory…
Read moreOrsted appoints Mads Nipper as new CEO
(Montel) Danish energy group Orsted has appointed Mads Nipper new CEO, effective 1 January, it said on Wednesday.…
Read moreCarbon rebounds from 2-week low
(Montel) Carbon prices rebounded from two-week lows on Wednesday amid strong technical support and increased buying appetite.…
Read moreCfDs risk killing PPAs for offshore wind – German adviser
(Montel) An energy adviser to the German government defended Berlin's contested proposals to support offshore wind on…
Read moreTurkish coal imports double in July amid lignite limitations
(Montel) Turkish thermal coal imports doubled on the year in July to total 3.3m tonnes due in…
Read moreSpanish gas demand to fall 12% in Oct on virus, renewables
(Montel) Gas consumption in Spain was set to fall 12% year on year in October to 29.5…
Read moreGerman Cal 21 power bounces off two-week low
(Montel) Germany’s Cal 21 power contract bounced off a two-week low on Wednesday, although traders said overall activity…
Read moreStatnett data publication violated EU rules – regulator
(Montel) Statnett’s erroneous publication of power production data in close to real-time this summer violated EU transparency rules,…
Read moreEnea, Iberdrola ditch plan to build 3.3 GW Baltic wind power
(Montel) Poland's Enea and Spain's Iberdrola have ditched plans to build 3.3 GW of offshore wind capacity in…
Read moreSoftening spot drags gas curve lower
(Montel) Spot gas prices in Europe continued to pull away from last Friday’s eight-month high on Wednesday, helping…
Read moreColombian coal strike hits capesize vessel rates
(Montel) The global capesize vessel index has plunged 14% so far this month amid strike-related disruptions to…
Read moreNordic power curve slides EUR 1 on wetter outlook, CO2
(Montel) Nordic power futures slid more than EUR 1 on Wednesday morning amid a change to wetter…
Read moreDutch power consumption dips 7% in Q2
(Montel) Dutch electricity consumption dropped 7% from April through June from a year earlier amid reduced economic…
Read more595 MW coal unit in France to close end-2020 – report
(Montel) Gazel Energie plans to close its 595 MW coal-fired power plant Provence 5 in southern France at…
Read moreGerman spot power eyes EUR 11 gain as wind output drops
(Montel) German day-ahead power prices looked set to rise nearly EUR 11 on Wednesday amid expectations of…
Read morePolish TSO extends reserve capacity deal with Tauron
(Montel) Polish TSO PSE has extended by two months a deal with domestic utility Tauron to use 253…
Read moreOil prices extend losses on weak demand, more supply
(Montel) Oil prices edged lower early on Wednesday, extending a more than 5% drop in the previous session,…
Read moreEU green transition fund to “reward inaction” – think tank
(Montel) European funding intended to help coal-dependent regions transition to a clean energy future looks set to…
Read moreCarbon drops on auction supply
(Montel) Benchmark contracts for carbon and gas slipped to their lowest levels in a fortnight on Tuesday,…
Read moreOil tumbles 5% to below USD 40/bbl on demand concerns
(Montel) Benchmark Brent crude prices tumbled 5% to below USD 40/bbl on Tuesday amid concerns about flagging demand…
Read moreEuropean Energy plans 170 MW solar park in Sweden
(Montel) Danish renewables developer European Energy plans to build a 170 MW solar park in southern Sweden that…
Read moreGerman Cal 21 power edges down as carbon recedes
(Montel) Germany’s benchmark power contract for next year declined on Tuesday, as carbon prices fell from their morning…
Read morePoland’s coal share in power may halve by 2030 – ministry
(Montel) The share of coal in Poland’s power mix could fall by more than half to 37% by…
Read moreUS Gulf Coast LNG terminals set to return after hurricane
(Montel) The US Gulf Coast’s Sabine Pass and Cameron LNG terminals this week could receive their first…
Read moreFront gas extends losses on warmer weather, lower LNG
(Montel) European front-month gas prices extended losses on Tuesday amid warmer weather and LNG and crude prices…
Read moreNordic power curve climbs on drier outlook, firmer CO2
(Montel) Nordic power futures rose on Wednesday amid fresh forecasts showing a drier outlook and a stronger carbon…
Read moreFrench energy minister plays down new reactor construction
(Montel) Construction of six second-generation European pressurised reactors (EPRs) in France, intended to renew the ageing French nuclear…
Read more1 GW Belgium-Germany link to launch in Oct – TSOs
(Montel) A 1 GW electricity interconnector between Belgium and Germany – a first for the two nations…
Read moreGerman spot power to jump EUR 1.50 as wind wanes
(Montel) German day-ahead power prices looked set to climb almost EUR 1.50 on Tuesday as wind generation levels…
Read moreOil continues fall on market weakness, Covid fears
(Montel) Oil fell on Tuesday amid general market weakness and fears of a resurgence of Covid-19, which could…
Read moreBaltic TSOs agree terms of Belarus power embargo
(Montel) The TSOs of Estonia, Latvia and Lithuania have agreed on terms that will block Belarus electricity…
Read moreEC to announce 55% emissions target next week – report
(Montel) The European Commission will raise the EU’s 2030 climate target to a 55% cut in emissions on…
Read more1.4 GW North Connect link can be privately owned – Norway
(Montel) The planned 1.4 GW North Connect power cable between Norway and Scotland will be exempt from new…
Read moreCarbon slips to 2-week low
(Montel) Carbon prices dropped to two-week lows in Monday trading as market participants faced the prospect of…
Read moreEEX to enable negative gas prices on spot markets
(Montel) The European Energy Exchange (EEX) will enable negative spot gas prices on its platform from 1…
Read moreSwedish TSO seeks exemption from 70% cross-border rule
(Montel) Swedish TSO Svenska Kraftnat has asked energy regulators for an exemption from EU rules to offer at…
Read moreWeaker carbon drags down German front-year power
(Montel) Germany’s front-year power contract fell on Monday amid a drop in carbon prices and a sobering industrial…
Read moreNord Stream 2 halt would trigger “firestorm of litigation”
(Montel) Cancellation of Russia’s Nord Stream 2 gas pipeline connection to Germany would have profound diplomatic and…
Read moreCarbon capture in Europe could grow significantly – Rystad
(Montel) Around 75m tonnes/year of carbon capture and storage (CCS) capacity could be located in Europe by…
Read moreOutages, export demand set to boost Spanish spot power
(Montel) Spanish spot power should trade sideways this week amid a mostly unchanged system, although exports and…
Read moreGas front months retreat from Friday's 8-month highs
(Montel) European front-month gas prices fell on Monday, with analysts pointing to softer crude and carbon prices…
Read moreFinland could see 66% rise in power demand by 2035 – TSO
(Montel) Finland could see annual power demand rise by 66%, or 57 TWh to 145 TWh, by 2035,…
Read moreGerman BNA aims to fine 3 trading houses for manipulation
(Montel) Germany's BNA is planning to fine three trading houses over accusations of market manipulation, the network…
Read moreEuropean coal market faces near-term losses
(Montel) Atlantic basin coal prices will likely remain under pressure over the coming days amid limited demand…
Read moreNordic front power edges up on drier outlook
(Montel) Nordic futures edged up on Monday amid a drier outlook for next week, while spot prices were…
Read moreEuropean LNG terminals expect 2.1bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 2.06bcm this week, potentially bringing imports since…
Read morePortugal solar plus storage tender yields EUR 20.19/MWh fee
(Montel) Portugal awarded 483 MW of solar plus storage capacity at an average tender fee of EUR 20.19/MWh,…
Read moreGerman spot power to fall on doubling of wind power
(Montel) German day-ahead power prices should fall on Monday as forecasters predicted wind power generation would more…
Read moreCrude oil slides on lower Saudi prices
(Montel) Brent crude oil fell early on Monday to the lowest level since late June, as Saudi…
Read moreFrench Q1 power hits 1-year high on nuclear outages
(Montel) French power prices climbed across the curve on Friday with the Q1 21 contract hitting its…
Read moreGerman front-month power rises on France fears, higher gas
(Montel) The front-month power contract rose on Friday on continued fears over nuclear outages in France and…
Read moreLofty carbon prices to face full auction supply next week
(Montel) The European carbon market will see the full resumption of auctions next week, although some participants…
Read moreGas front months rise to near 8-month highs
(Montel) European front-month gas prices reached their highest levels in nearly eight months on Friday, taking a cue…
Read moreNord Stream 2 cancellation not off the table – MEP
(Montel) Europe should consider cancelling the near-complete Nord Stream 2 pipeline with Russia amid deteriorating relations with…
Read moreDutch PPAs set for growth amid subsidy phase-out
(Montel) The Dutch power purchase agreement (PPA) market is expected to grow as the phase-out of subsidies…
Read moreVattenfall aims to close 1.6 GW Moorburg next year
(Montel) Swedish utility Vattenfall has bid in the first German coal exit tender amid plans to permanently close…
Read moreNordic power futures rebound on drier outlook
(Montel) Nordic power futures rebounded from three consecutive days of losses on Friday, mainly in response to fresh…
Read moreMore wind to pressure German spot power next week
(Montel) Spot power prices in Germany look set to average lower than this week’s delivery as a…
Read morePGE aims to install 2.5 GW of solar units by 2030
(Montel) Polish utility PGE plans to build up to 2.5 GW of solar capacity by 2030, the company…
Read moreGerman set for windy week with potential storm – Ubimet
(Montel) German wind generation should climb next week as the weather turns more variable, with a potential…
Read moreOrlen, PGNiG plan 750 MW gas unit in Poland by 2025
(Montel) Refiner Orlen and gas utility PGNiG have signed a letter of intent to build a 750 MW…
Read moreCrude oil trades near month low on weak demand
(Montel) Crude oil prices fell to their lowest point for a month late in the prior session and…
Read moreCO2 rises on strong UK auction
(Montel) European carbon prices firmed on Thursday, buoyed by a strong UK auction and optimistic macroeconomic news. …
Read moreUK energy demand returns to pre-lockdown level – consultancy
(Montel) The UK’s energy demand has returned to last year’s levels for the first time since coronavirus…
Read moreParis confirms EUR 7bn investment in green hydrogen
(Montel) France plans to invest EUR 2bn in the green hydrogen sector by 2022, as the first element…
Read moreGerman Cal 21 power inches up on positive sentiment
(Montel) Germany’s benchmark power contract rose on Thursday, partly feeding on positive sentiment in financial markets and despite…
Read moreSpot TTF gas extends 8-month high
(Montel) European spot gas prices pushed out their highest levels since January on Thursday to reach just…
Read moreFree EUA allocations to industrial sectors set to fall
(Montel) European industrial installations in 43 out of 52 sectors are likely to see their free EUA allocations…
Read moreIndonesia sets September coal price at multi-year low
(Montel) Indonesia's energy ministry has set its September coal reference price at a multi-year low of USD…
Read moreRussia’s August coal exports hit multi-year high
(Montel) Russian coal exports in August jumped 5% on the year to a multi-year high, provisional government…
Read moreNordic power curve continues down on rain, hydro supply
(Montel) Nordic power prices eased on Thursday, extending this week’s losses as forecasts for more wet weather fanned…
Read moreChevron extends first Gorgon LNG repairs into October
(Montel) Chevron has delayed the restart until October of one of its damaged production trains at its…
Read moreGerman spot power to drop EUR 1 on more wind, lower demand
(Montel) German day-ahead power looked set to fall around EUR 1 on Thursday as forecasts indicated higher…
Read moreRising US dollar continues to weigh on oil prices
(Montel) Oil prices extended the previous day’s sharp drop as the US dollar continued to strengthen from recent…
Read moreGermany could avoid 185mt CO2 with EU recovery fund – study
(Montel) Germany could avoid emitting 185m tonnes of CO2 emissions using money from the EU recovery fund, German…
Read moreGerman Greens urge Nord Stream 2 halt over poisoning scandal
(Montel) Germany’s Greens have urged Chancellor Angela Merkel’s government to stop the completion of the Nord Stream…
Read morePoland to miss 2020 renewable goal – deputy minister
(Montel) Poland will miss its 2020 renewable energy target of 15% by 1-2 percentage points, but it should…
Read moreCoal plunges in tandem with competing gas
(Montel) European coal prices dropped sharply in Wednesday trading, following strong gains in recent sessions, as competing…
Read moreSolar power with storage “already profitable” in Iberia
(Montel) The results of last week’s solar tender in Portugal show that projects with storage are already…
Read moreGerman power curve pares gains
(Montel) Benchmark German power prices have pulled back from a rebound on Wednesday after a surge in…
Read moreGermany to unveil 4 GW coal closures 1 Dec for exit by 1 Jan
(Montel) Germany’s BNA network regulator said on Wednesday the first tender for 4 GW of coal closures has…
Read moreHigh German power prices may herald coal return – analysts
(Montel) An anticipated rise in German power prices this autumn should encourage the return of some coal-fired capacity,…
Read moreGas prices retreat from highs on improved supply
(Montel) European gas prices retreated from the previous session’s multi-month highs on Wednesday amid rising supply.…
Read moreStruggling US coal plants eye “seasonal operation” – EIA
(Montel) US coal-fired plant operators are mulling the idea of operating only during peak power demand periods…
Read moreNordic power futures fall as wet outlook persists
(Montel) Nordic power futures fell for the second day running on Wednesday, as weather forecasts continued to show…
Read moreGermany boosts coal reserves by 53% following drought – BNA
(Montel) Germany has increased strategic coal reserves – as measured in full-load hours – by 53% following droughts…
Read moreSouth Africa coal exports jump 24% in July
(Montel) South Africa’s thermal coal exports in July jumped 24% on the year amid an upturn in…
Read moreWoodMac sees spike in LNG regas investment this year
(Montel) Wood Mackenzie expects the world to commence work this year on enough regasification facilities to convert…
Read moreOil prices firm after API sees big drop in US inventories
(Montel) Oil prices edged higher early on Wednesday after the American Petroleum Institute late in the previous session…
Read moreFrench nuclear output falls 18% to 22.8 TWh in August
(Montel) French nuclear output fell 17.8% year on year in August, to 22.8 TWh, preliminary data from TSO…
Read moreGerman energy industry criticises power reform plan
(Montel) Germany's energy industry criticised reforms intended to speed up German renewable energy development over the next…
Read moreSpot, front-month gas touch highs on LNG
(Montel) European gas prices for delivery Wednesday and next month on the Dutch TTF hub traded on…
Read moreGerman coal payments break EU rules – Greenpeace Energy
(Montel) Greenpeace Energy complained to the European Commission that Germany’s compensation payments to close coal plants violate…
Read moreBaltic states agree plan to block Belarus power imports
(Montel) Lithuania, Latvia and Estonia reached an agreement to block power imports from Belarus as soon as a…
Read moreNordic spot power set for sharp recovery in September
(Montel) Nordic power spot prices were set to rise significantly this month due to higher demand and reduced…
Read moreEU coal port stocks drop to near 2-year low
(Montel) Combined coal inventories at four key northwest European dry bulk terminals fell to near two-year lows,…
Read moreGerman Cal 21 power rises on coal, gas gains
(Montel) The German front-year power contract posted gains on Tuesday amid upward moves in the coal and…
Read moreCO2 may challenge record high in September
(Montel) European carbon prices are poised to climb back above EUR 30/t this month and may even…
Read moreCez targets Finnish market for PPA expansion
(Montel) Czech utility Cez sees Finland as a major growth target for entering power purchase agreements (PPAs), as…
Read moreAlpiq to capitalise on green boom despite liquidity concerns
(Montel) Swiss utility Alpiq plans to expand in the Nordic renewables market despite the impact of Covid-19, with…
Read moreNordic power prices slide on wetter outlook, profit-taking
(Montel) Nordic power futures were falling on Tuesday after the rally in the previous session amid a shift…
Read moreRelated markets, strike concerns to underpin coal prices
(Montel) Atlantic basin coal prices will likely garner further support this month from related markets and industrial…
Read moreGermany plans help for solar plants, 100 GW 2030 target
(Montel) The German government wants to make the operation of small solar plants financially more attractive as part…
Read moreStrike hits Colombian coal producer Cerrejon
(Montel) Workers at Colombia’s Cerrejon, one of Europe’s biggest coal suppliers, began a strike late on Monday after…
Read moreGerman spot power eyes EUR 1 jump on less wind
(Montel) German day-ahead power prices looked set to climb more than EUR 1 on Tuesday as wind generation…
Read moreLaw aims to boost German green integration, CO2 neutrality
(Montel) An amendment to Germany’s Renewable Energy Act aims to improve the integration of green energy in the…
Read moreOil rises on economic recovery hopes led by China
(Montel) Oil prices were rising on Tuesday amid hopes trade was on course to recover from the coronavirus…
Read moreGermany agrees to “disappointing” 12% of imports on Nordlink
(Montel) Germany will only guarantee 12% – 164 MW – of import capacity over the new Nordlink power…
Read moreCarbon retreats from EUR 30/t
(Montel) European carbon prices looked set to fall on the back of profit-taking on Monday after the…
Read moreGerman Cal 21 power retreats from 7-week high as carbon dips
(Montel) Germany’s benchmark power contract retreated from a seven-week high on Monday, tracking a similar move in the…
Read moreSpain power prices set to rise with exports, gas
(Montel) Spanish spot power prices could rise this week amid less wind and more exports, while forwards…
Read moreGerman spot power may gain EUR 4 in September on wind
(Montel) German spot power may rise more than EUR 4/MWh month on month in September on low…
Read moreTTF day-ahead gas reaches 7-month high
(Montel) Day-ahead gas contracts rose on higher CO2 on Monday, but activity was limited due to a…
Read moreNord Pool raises concerns of possible market manipulation
(Montel) Power exchange Nord Pool has raised concerns of potential market manipulation in the intraday market amid…
Read moreSpain power output rises 2% in August on demand, exports
(Montel) Spanish power generation rose 2.1% year on year to 21.6 TWh in August amid an ongoing…
Read moreEuropean LNG terminals expect 1.9bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 1.88bcm this week, potentially bringing imports since…
Read moreGerman Monday power settles at 19-month high of EUR 54/MWh
(Montel) German spot power prices for Monday cleared at their highest levels since February 2019 amid weak…
Read moreTight grid capacity to curb Norway-Sweden flows to December
(Montel) Sweden’s TSO will have to continue limiting power flows from southern Norway until December to help balance…
Read moreEUAs rise above EUR 30 amid thin holiday trading
(Montel) EU carbon rose above EUR 30/t for the first time in more than a month as speculative…
Read moreGerman grid needs 6.6 GW reserve this winter – regulator
(Montel) Germany’s electricity grid will need 6.6 GW of reserve capacity this winter, a figure that will rise…
Read moreBrent crude rises to near 6-month high
(Montel) Benchmark Brent crude oil prices reached a near six-month high on Monday as around 12% of US…
Read moreGerman spot power eyes 19-month high
(Montel) German day-ahead power prices climbed to some of their highest levels in 19 months on Monday…
Read moreUK carbon emissions from power hit record low in Q2 – study
(Montel) The coronavirus lockdown saw CO2 emissions from the UK’s electricity system drop to a record low, while…
Read moreHurricane Laura’s hit to LNG boosts gas rally – analysts
(Montel) Hurricane Laura’s disruption to US oil and gas infrastructure, including LNG, helped propel a sharp rally…
Read moreEnel gets 99 MW, Iberdrola 90 MW in Portuguese solar tender
(Montel) Spanish utility Iberdrola and Italian Enel's renewable unit were awarded 90 MW and 99 MW respectively…
Read moreMerkel keen to complete Nord Stream 2
(Montel) German chancellor Angela Merkel wants Russia to finish building its contested Nord Stream 2 gas pipeline…
Read moreCarbon rally may halt as traders eye September supply
(Montel) European carbon surged more than 15% over the week as speculative traders dominated the market ahead…
Read moreGerman Cal 21 power rises to six-week high on CO2
(Montel) Germany’s front-year power contract rose to a fresh six-week high on Friday on the back of soaring…
Read moreTTF day-ahead gas soars to 6-month high
(Montel) European gas prices surged to multi-month highs on Friday after outage extensions at French nuclear plants…
Read moreGO price plunge due to hydro glut not pandemic – analysts
(Montel) Nordic hydropower guarantees of origins (GOs) prices – a benchmark for Europe – have fallen by…
Read moreSeptember wind, solar output in Germany to be low-moderate
(Montel) German wind and solar generation should be low to moderate over the next four weeks, with mostly…
Read moreStatnett CEO Lont to resign by end of January
(Montel) Auke Lont will resign as chief executive of Norwegian TSO Statnett after 12 years in the job,…
Read moreFrench front-month power hits 9-month high on outages
(Montel) The French front-month power contract jumped to its highest level since 20 December amid lower nuclear…
Read moreNordic power curve gains on carbon, Germany, nuclear delays
(Montel) Nordic power contracts traded higher on Friday, pulled up by a strong carbon price, a sharply rising…
Read moreDutch govt approves gas storage boost at Bergermeer
(Montel) The Dutch government has allowed gas operator Taqa to increase its storage capacity at the country’s…
Read moreTVO delays Olkiluoto 3 (1.6 GW) start to October 2021
(Montel) Finnish nuclear operator TVO has delayed the start-up of its new 1.6 GW Olkiluoto 3 reactor by…
Read moreOil prices ease as US producers avoid brunt of hurricane
(Montel) Oil prices fell early on Friday, with analysts noting plentiful global supply and few signs of any…
Read moreGerman spot power eyes 7-month high next week as wind drops
(Montel) German spot power prices looked set to average at a seven-month high next week, with forecasts on…
Read moreGerman wind, solar output to climb late next week – Ubimet
(Montel) Germany will see an increase in wind and solar output late next week following relatively low levels…
Read more1.2 GW UK nuclear power plant to close early – update
(Montel) The 1.2 GW Hunterston B nuclear power plant in Scotland will close earlier than planned with decomissioning…
Read moreCarbon continues rise amid strong technicals
(Montel) European carbon prices continued their rise on Thursday amid a strong technical picture, putting the EUR 30/t…
Read moreGerman power prices remain robust as demand returns
(Montel) The outlook for German power prices hinges on the potential impact of a second wave of the…
Read moreGrowing Dutch solar capacity deepens forecasting issues
(Montel) Dutch solar power capacity is expected to continue rising exponentially but its growth has laid bare…
Read morePoland could close 94% of coal plants by 2035 – Greenpeace
(Montel) Polish utilities could close 94% of the country’s coal-fired power plants by 2035 if the government does…
Read moreGerman front-week power gains EUR 1 on less wind
(Montel) The German front-week contract gained EUR 1 on Thursday on forecasts of wind and temperatures below…
Read moreFront-month gas contracts retreat from multi-month highs
(Montel) European front-month gas contracts retreated from recent multi-month highs on Thursday, with traders pointing to ample…
Read moreSwedish paper mill closures to cut 215 MW next year – SCA
(Montel) Swedish forestry, pulp and paper company SCA will close three mills in northern Sweden from 26 February…
Read moreFormer Uniper CEO Klaus Schaefer dies of cancer
(Montel) Klaus Schaefer, former CEO of German power producer Uniper, passed away following a long battle with cancer,…
Read moreNewcastle coal index extends 4-year low
(Montel) Asia’s benchmark coal index has pushed out a fresh four-year low amid a collapse in imports…
Read moreNordic power curve mixed on wetter outlook
(Montel) The Nordic front curve was mixed on Thursday amid a wetter outlook which limited gains.…
Read moreCerrejon workers set to strike as negotiations break down
(Montel) Workers at one of Colombia’s biggest coal miners are prepared to go on their first strike since…
Read moreGerman spot power to drop from 7-month high as exports wane
(Montel) German day-ahead power looked set to fall around EUR 4 on Thursday as forecasts indicated Germany…
Read moreOil edges higher as Hurricane Laura slams US Gulf Coast
(Montel) Oil prices edged higher on Thursday as Hurricane Laura hit the US coast near the Texas-Louisiana border…
Read moreFirst German coal exit auction may see high payments
(Montel) Germany’s first auction to close hard coal-fired power plants may award surprisingly high prices for at…
Read morePoland to ease distance rule for onshore wind farms
(Montel) Poland's government next month plans to publish a draft law allowing onshore wind farms to be built…
Read morePortugal solar tender sets record low at EUR 11.14/MWh
(Montel) Portugal awarded 670 MW of solar capacity which included a lot at a new world record…
Read moreCO2, oil support curve gains
(Montel) An ongoing rally in carbon and fresh highs for oil supported other energy commodities on Wednesday.…
Read moreEurope faces mild weather through November – forecaster
(Montel) Most of Europe faces higher-than-usual temperatures through November, indicating the region is in for a mild winter,…
Read moreUK, French day-ahead power settle at highest this year
(Montel) UK and French day-ahead power prices settled at their highest levels in the year to date…
Read moreGerman front-month power climbs to 7-week high
(Montel) Germany’s front-month power contract reached a 7-week high on Wednesday amid moderate wind and solar prospects for…
Read moreEU carbon tops EUR 29/t as speculative rally continues
(Montel) European carbon breached EUR 29/t for the first time in six weeks on Wednesday as speculative…
Read moreNordic spot power rises 19% on hydro price increases
(Montel) The Nordic power system price rose 19% to EUR 19.05/MWh for Thursday, the highest since 4 February,…
Read moreGas front month hits multi-month highs on firm demand
(Montel) Front-month gas contracts hit multi-month highs on a rolling basis on Wednesday, supported by a strong…
Read moreLithuania eyes Baltic deal on Belarus power embargo
(Montel) Lithuania expects to reach a joint agreement with its Baltic neighbours to block power imports from Belarus…
Read moreNordic Q4 power reaches 11-week high on dry outlook
(Montel) Nordic power continued higher in response to dry weather forecasts on Wednesday, with the bellwether Q4 contract…
Read moreGerman spot power to jump EUR 26 on less wind
(Montel) German day-ahead power looked set to more than double on Wednesday as wind generation should plummet almost…
Read morePoland faces tighter power supply in September – TSO
(Montel) Poland’s power system will see 21 days of tight supply next month, compared to zero days in…
Read moreBrent firms as storms in US Gulf Coast halt crude output
(Montel) Brent crude oil prices rose early on Wednesday as twin storms in the US Gulf Coast…
Read moreFrance rules out hiking Arenh volume while EC talks continue
(Montel) The French energy ministry has ruled out increasing the volumes of nuclear output available to utility…
Read moreEUAs hurdle EUR 28/t on speculative buying, short-covering
(Montel) EU carbon rose above EUR 28/t for the first time in more than five weeks as…
Read morePolish power imports rise 41% in January-July
(Montel) Poland imported 41% more electricity in the first seven months of 2020 than a year earlier, to…
Read moreGerman Cal 21 power hits 1-month high on stronger carbon
(Montel) German power benchmark Cal 21 climbed to a one-month high on Tuesday as Europe’s benchmark carbon price…
Read moreFrench front-month power touches 6-week high
(Montel) French front-month power gained EUR 1.20 to reach EUR 41.30 on EEX on Tuesday, its highest…
Read moreStatkraft, Naturstrom sign 600 GWh solar PPA
(Montel) German clean-energy vendor Naturstrom signed an 11-year power purchase agreement (PPA) to buy 600 GWh of solar…
Read moreRWE to sell output of 54 MW Dutch onshore wind farm
(Montel) RWE will market the electricity of a 54 MW onshore wind park in the Netherlands that is…
Read moreNordic power extends gains on dry weather, buoyant spot
(Montel) Nordic power futures extended the previous day’s gains on Tuesday amid a combination of forecasts for dry…
Read moreUK firm plans October launch of energy trading platform
(Montel) London-based software firm Sphirra will launch a new trading platform for European power and gas markets…
Read moreTraders want piped gas included in Poland storage phase-out
(Montel) European energy traders want Poland to include traders who import natural gas via pipes in plans…
Read moreGerman spot power hits 7-week low as wind surges
(Montel) German day-ahead power fell to a seven-week low on Tuesday, as wind generation was expected to rise…
Read moreOil prices edge up as storms force US production cuts
(Montel) Crude oil prices rose slightly in early trading on Tuesday as market participants watched the progress of…
Read moreCarbon climbs 5% to two-week high
(Montel) European carbon prices rose around 5% to a two-week high on Monday amid speculative buying and some…
Read moreEU 55% climate target for 2030 “feasible” – study
(Montel) A bid to raise the EU's 2030 climate target to a 55% cut on 1990 emissions…
Read moreGerman negative power prices seen for Wednesday amid wind
(Montel) German power prices may drop to negative territory for several hours on Wednesday amid windy, autumn-like weather,…
Read moreCoal prices rise from 2-month lows amid strike fears
(Montel) European coal rose on Monday amid concerns about Colombia strike action disrupting supply, while weak longer-term…
Read moreGAS – Gas prices rebound on reduced Norwegian flows
(Montel) European gas prices rebounded along the curve on Monday, with the front month jumping back above…
Read moreSpanish power prices eye gains this week
(Montel) Spanish spot power prices could rebound this week amid more demand and less wind, while forwards…
Read moreEuropean LNG terminals expect 1.7bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 1.7bcm this week, potentially bringing imports since the…
Read morePoland to scrap LNG storage obligation in 2023
(Montel) Poland plans to phase out by October 2023 an obligation for traders to hold reserves of imported…
Read moreSwiss Alpiq writes down EUR 72m on pump storage project
(Montel) Swiss utility Alpiq booked an impairment charge of CHF 77m (EUR 71.6m) in the first half of…
Read moreAsian LNG market to shrug off Gorgon outages – analysts
(Montel) A staggered maintenance schedule to resolve safety problems at Australia’s massive Gorgon LNG facility has swept…
Read moreFinnish 86 MW wind farm set for launch next year – Helen
(Montel) Finnish utility Helen and wind power operator CPC Finland have started construction of the 86 MW Lakiangas…
Read moreNordic power futures jump on drier outlook
(Montel) Nordic front power contracts hit fresh two-month highs on Monday following forecasts showing a shift to considerably…
Read moreFrench, German spot power prices hit 7-month highs
(Montel) Spot electricity prices in France and Germany settled at their highest since January amid lower generation…
Read moreFortum seeks to align hydrogen strategy with Uniper – report
(Montel) Fortum wants to develop a strategy to scale up its hydrogen business together with Uniper after…
Read moreSwiss Alpiq posts higher earnings on hedging gains
(Montel) Alpiq’s earnings before interest and tax (Ebit) increased to CHF 55m (EUR 51.13m) for the first…
Read moreGerman spot set to fall 16% as renewables pick up
(Montel) German day-ahead power prices were on track to fall over EUR 7 on Monday as wind…
Read moreOil prices down slightly on Opec compliance, despite storms
(Montel) Crude oil prices fell slightly early on Monday amid Opec compliance with decreased production cuts despite two…
Read moreFront-year coal hits fresh 2-month low
(Montel) European front-year coal prices hit a two-month low on Friday amid lacklustre physical demand, high inventories…
Read moreGerman Cal 21 power falls on lower carbon, Covid fears
(Montel) Germany’s benchmark power contract for next year looked set to erase this week’s gains on Friday…
Read moreLow demand keeps French GO auctions undersubscribed
(Montel) French GO auctions have languished in recent months amid low demand and oversupply, with some market participants…
Read moreGas prices tumble along the curve, reversing recent gains
(Montel) Gas prices fell along the curve on Friday with the front month reversing nearly all the…
Read moreCO2 prices likely to weaken on looming supply hike
(Montel) Carbon prices were expected to weaken as the resumption of normal auction volumes approaches, according to sources…
Read moreGerman hot spell is about to end – forecasts
(Montel) After several hot weeks, Germany is facing a temperature drop accompanied by stronger winds next week, before…
Read moreLNG demand faces record seasonal ramp-up in H2 – bank
(Montel) Global LNG demand should see its largest ever seasonal ramp-up – from 27m tonnes (36.7bcm) in…
Read moreNordic power front futures firm as hydropower inflows ease
(Montel) Nordic front power contracts gained on Friday as spot prices were expected to rise due to moderate…
Read moreAustralia’s Gorgon LNG plant to shut partially in Oct, Jan
(Montel) Australia’s Gorgon LNG production facility, one of the largest in the world, was ordered on Friday…
Read moreUkraine’s power consumption drops 4.3% in January-July
(Montel) Ukraine’s power consumption in January-July declined 4.3% on the year to 67.9 TWh, as the coronavirus…
Read moreGerman spot power prices set to drop with more wind
(Montel) German spot power prices looked set to fall back to around EUR 31/MWh next week amid…
Read moreLow Norway power prices to continue in H2 – analysts
(Montel) Spot prices in some areas in Norway are likely to remain near historically low levels until October…
Read moreCerrejon coal mine workers support strike in Colombia
(Montel) Most coal mine workers at one of Colombia's biggest thermal coal exporters – Cerrejon – have voted…
Read morePoland to auction 2.2 GW of green energy capacity in 2021
(Montel) Poland’s ministry of climate plans to auction nearly 2.2 GW of renewable energy capacity next year, according…
Read moreGerman heat to ease, wind output to climb next week – Ubimet
(Montel) A recent hot spell in Germany looks set to expire as temperatures fall and wind generation…
Read moreBrent crude hovers near USD 45/bbl in range-bound trade
(Montel) Oil prices nudged up in range-bound trading early on Friday as participants weighed deep output cuts by…
Read moreCO2 falls amid bleak economic outlook
(Montel) European carbon prices dropped for a second day in a row on Thursday amid bearish macroeconomic…
Read moreFrance's drought to continue until autumn – forecasters
(Montel) The drought in France is expected to last until autumn with temperatures up to 2C above seasonal…
Read moreColombia denies Glencore bid to suspend Prodeco operations
(Montel) Colombia’s National Mining Agency has denied a request from Prodeco – the wholly owned unit of Anglo-Swiss…
Read moreGerman front-year power slides with weaker carbon
(Montel) Germany’s benchmark power contract retreated on Thursday in line with a drop in carbon and softer…
Read moreDeclining LNG price stops upwards trend in TTF, NBP
(Montel) European gas prices stopped their recent upwards trend on Thursday as the market reacted to lower…
Read moreLithuania mulls Nord Pool exit over Belarus nuclear row
(Montel) Lithuania has warned that it could end its decade-old partnership with Nordic power exchange Nord Pool over…
Read morePoland’s PGNiG to launch 467 MW gas turbine unit on 7 Sept
(Montel) Polish energy company PGNiG will launch a 467 MW combined cycle gas turbine on 7 September, following…
Read moreEU ETS registry to restart Friday after 2-day outage
(Montel) The EU ETS registry will restart on Friday at 09:00 CET after a two-day outage which left…
Read moreNewcastle coal index rises from 4-year low
(Montel) Asia’s benchmark coal index rose from last week’s four-year low to gain 3% in the week…
Read moreNordic September, Q4 hit 6-week highs on drier outlook
(Montel) Nordic power contracts rose sharply across the board on Thursday amid drier forecasts and rising spot…
Read moreCoal crucial for S Africa for “foreseeable future” – miner
(Montel) South Africa will continue to depend heavily on coal as an exporter and consumer for at…
Read moreGerman spot power set for 13% drop on robust wind output
(Montel) German day-ahead power looked set to fall around EUR 5 on Thursday as forecasts called for wind…
Read moreOil slides after Opec confirms strong output-cut compliance
(Montel) Oil prices edged lower early on Thursday, after an Opec-led group of producers confirmed strong compliance with…
Read moreGas retreats from 5-month high
(Montel) European gas prices retreated on the back of easing supply concerns after hitting some of their…
Read moreGermany on track to miss 2030 climate goal – green groups
(Montel) Germany is unlikely to meet its 2030 target to cut emissions by 55% on 1990 levels…
Read moreGerman Cal 21 power edges down as carbon retreats
(Montel) The German front-year contract fell slightly amid a lower CO2 price on Wednesday, in what traders called…
Read moreGas front month extends highs amid US gas rise
(Montel) Front-month gas contracts in the UK and on the continent saw fresh five-month highs on Wednesday on…
Read moreUkraine revives power exports to Belarus after 6-year halt
(Montel) Ukraine renewed power exports to Belarus in July after a six-year hiatus, TSO Ukrenergo said on…
Read moreFortum expects Nordic power price recovery
(Montel) A recent comeback in fuels and carbon prices should lead to a sharp recovery in Nordic…
Read moreDutch power exports surge on renewables, spark spreads
(Montel) The Netherlands is set to continue exporting high amounts of spare electricity as profitable clean spark…
Read moreNordic power drops amid wetter weather forecasts
(Montel) Nordic power contracts near delivery traded slightly lower on Wednesday amid a wetter weather outlook, despite rising…
Read moreIndonesia’s H1 coal exports plunge 9%
(Montel) Indonesia’s thermal coal exports fell 9.3% on the year in January-June as the coronavirus pandemic eroded…
Read moreAustralia ships first LNG to Chile amid glutted Asian market
(Montel) Australia has exported its first cargo of LNG across the Pacific to Chile as exporters struggle to…
Read moreOil prices slip ahead of Opec meeting
(Montel) Oil prices slipped early on Wednesday ahead of a meeting of a ministerial panel of Opec and its…
Read moreFortum hedges 65% of 2021 Nordic output at EUR 33/MWh
(Montel) Finnish utility Fortum had hedged 65% of its expected power production for 2021 by the end…
Read moreGerman spot power eyes 4% drop on jump in wind output
(Montel) German day-ahead power looked set to drop around 4% on Wednesday as forecasts indicated wind generation could…
Read moreRepower’s profits rise 21% on Italy balancing services
(Montel) Swiss utility Repower increased its earnings before interest and taxes for the first half of 2020 by…
Read moreCoal rebounds from near 2-month low
(Montel) European coal prices rebounded from near two-month lows on Tuesday as competing gas prices jumped to…
Read moreGerman front-year power continues to gain support from CO2
(Montel) Germany’s benchmark front-year power contract extended gains from the previous session on Tuesday amid firm carbon prices…
Read moreTTF spot gas nears 5-month high on stronger LNG
(Montel) The TTF day-ahead contract approached its highest level in five months on Tuesday, as European gas…
Read moreNordic September hits 1-month high on spot, drier forecast
(Montel) Nordic power contracts traded up across the board Tuesday morning, with September rising to a one-month high,…
Read moreCoal inventories at EU terminals rise to 6-week high
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have risen 4% on the…
Read moreGerman spot power set to fall EUR 2 from 1-month high
(Montel) German day-ahead power looked set to drop over EUR 2 on Tuesday, as a slight decrease in…
Read moreOil trades flat but signs point to improving sentiment
(Montel) Oil was trading flat on Tuesday but there were tentative signs pointing to improving sentiment amid stronger…
Read moreWeak fundamentals curb CO2 gains
(Montel) Carbon prices made tentative gains in late Monday trading but largely remained under pressure amid bearish…
Read moreUS coal stocks rise to 3-year highs on demand slump – EIA
(Montel) US coal stocks have risen to three-year highs amid unexpectedly weak domestic and export demand, the…
Read moreSwedish and Finnish spot prices soar to EUR 147/MWh
(Montel) Hourly spot power prices for Tuesday peaked at EUR 147.54/MWh in Sweden and Finland amid low wind…
Read moreGerman front month gains on heat, lower wind, higher gas
(Montel) Germany’s front-month power contract rose on Monday on warmer weather forecasts, lower wind power generation than normal…
Read moreNordic Elcert issuance jumps 15% to 3.3m in July
(Montel) (Montel) The issuance of Swedish-Norwegian Elcerts rose 15% to 3.3m in July, up 0.43m from the previous…
Read moreSpain spot power to fall on wind, forwards remain bearish
(Montel) Spanish spot power prices could inch down this week amid more wind power, while forwards "will…
Read moreCoal prices slip to fresh 7-week low on thin demand
(Montel) Atlantic basin coal prices softened to fresh seven-week lows in early Monday trading as thin demand,…
Read moreSeptember gas contracts jump to 4-month high
(Montel) September gas hit a four-month high on Monday, buoyed by stronger LNG prices in Asia and…
Read moreNordic front power rises in strong spot
(Montel) Nordic power futures rose in response to rising spot prices on Monday, rebounding from sharp losses on…
Read moreEesti Energia signs largest PPA in Baltics in 10-year deal
(Montel) Estonian energy group Eesti Energia has signed a 10-year power purchase agreement (PPA) from a Lithuanian wind…
Read moreGerman spot power eyes 5-week high
(Montel) German day-ahead power prices climbed to some of their highest levels since mid-July on Monday as…
Read moreOil prices gain on signs of increased demand
(Montel) Crude oil prices rose early on Monday amid signs that demand was improving amid easing pandemic lockdowns,…
Read moreGas front rises on stronger LNG
(Montel) European near-term gas prices rose for a second day on Friday mainly on stronger global LNG…
Read moreWorkers at UK’s 3.9 GW Drax power station hold strike ballot
(Montel) Power workers at the 3.9 GW Drax plant in northern England are holding a strike ballot this…
Read moreGerman Cal 21 power hits August low on weak fundamentals
(Montel) German power for delivery next year fell below EUR 39/MWh for the first time in two weeks…
Read moreCO2 to remain around EUR 25/t next week amid holidays
(Montel) EU carbon is set to trade at around EUR 25/t in the coming week as the holiday…
Read moreGas spot edges down as temperatures fall
(Montel) Gas spot prices fell on Friday as temperatures fell in the wake of the recent hot spell.…
Read moreFrench spot power to dive EUR 5 next week on cooler outlook
(Montel) French spot power prices looked set to drop nearly EUR 5 next week with cooler temperatures,…
Read moreGermany to see higher wind, normal temperatures next 4 weeks
(Montel) Germany is set to see higher wind levels and a return to normal temperatures over the next…
Read moreNordic Q4 power hits 2-week low on wetter outlook
(Montel) Nordic power contracts fell heavily across the board on Friday morning – with Q4 hitting a…
Read moreMore wind, less demand sap German front-week power
(Montel) German spot power prices looked set to fall back to around EUR 30/MW next week amid…
Read morePolish power demand falls 3% in July – TSO
(Montel) Poland’s power consumption fell 3% year on year in July to 11.95 TWh amid a slowing economy…
Read moreOil remains range-bound as demand in “doldrums”
(Montel) Oil edged up on Friday but remained range-bound as demand was in the “doldrums”, with the International…
Read moreCarbon edges down amid thin trading
(Montel) European carbon prices traded sideways on Thursday before slipping in the afternoon amid muted trading activity.…
Read moreGerman front-week power rises EUR 2 on lower wind forecasts
(Montel) The German front-week contract soared 6.7%, or EUR 2, on Thursday amid a downward revision of wind…
Read moreSeptember gas gains on warmer weather, higher JKM
(Montel) The European gas curve rebounded slightly on Thursday, taking cues from forecasts of higher temperatures and…
Read moreGas field operator urges “clarity” on Groningen back-up plan
(Montel) The operator of Groningen gas field – NAM – has criticised the Dutch government over new plans…
Read moreNordic curve rebounds on drier outlook
(Montel) Nordic power futures rose on Thursday in response to a slightly drier weather outlook.…
Read moreWorld’s coal plants operate at half capacity – think tank
(Montel) The world’s coal fleet has for the first time run at less than half its capacity…
Read moreGerman spot power to jump 8% on less wind
(Montel) German day-ahead power prices looked set to jump 8% on Thursday as forecasters expected wind power…
Read moreRWE’s trading unit posts 30% dive in H1 earnings to EUR 322m
(Montel) RWE’s trading division posted a 30% decline in earnings in the first half of the year,…
Read moreOil falls as demand concerns continue to weigh on market
(Montel) Oil was falling on Thursday, despite a fall in weekly US inventories, as coronavirus-related demand concerns continued…
Read moreCoal plumbs fresh 6-week lows
(Montel) Atlantic basin coal prices sank to six-week lows in Wednesday trading, continuing their downward spiral amid…
Read moreOffshore wind sector to see fierce competition – Orsted
(Montel) Ambitious plans by oil majors to embrace renewables will intensify competition for developing offshore wind power projects…
Read moreFrench power prices slide EUR 2 on cooler outlook
(Montel) French power prices slid by up to EUR 2 on Wednesday as temperatures began to recede…
Read moreGerman power demand recovery unlikely before year end – Eon
(Montel) Power demand in Germany is unlikely to fully recover until at least the end of the year,…
Read moreEDF announces 1.6 GW output curbs on hot spell
(Montel) French utility EDF announced 1.6 GW of output curbs at its reactors on Wednesday as a…
Read morePrompt gas prices soften on cooler outlook
(Montel) European forward gas prices continued to ease back on Wednesday from last Friday’s near five-month high…
Read moreGerman front-week power dives EUR 2 as hot spell to end
(Montel) German front-week power dived more than EUR 2 on Wednesday amid forecasts showing the current hot…
Read moreNordic spot power continues rebound on low wind, dry spell
(Montel) Nordic spot power prices were set to rise again on Wednesday – in what traders termed…
Read moreGerman spot power rises as wind, solar drop
(Montel) German day-ahead power prices climbed on Wednesday amid forecasts for a fall in wind and solar…
Read moreEnea to write down EUR 150m on coal fleet
(Montel) Polish utility Enea will write down EUR 150m of its 5 GW coal-fired fleet, it said.…
Read moreOil prices gain as US inventories drop
(Montel) Crude oil prices rose early on Wednesday as industry group American Petroleum Institute reported that US crude…
Read moreOrsted’s H1 wind power output rises 41%
(Montel) Danish energy group Orsted generated 9.9 TWh of wind power in the first six months of the…
Read moreEon hedges 46% of its 2022 nuclear generation at EUR 45/MWh
(Montel) German utility Eon’s subsidiary Preussen Elektra hedged 46% of its 2022 nuclear generation at EUR 45/MWh by…
Read moreCoal softens to near 1-month lows
(Montel) European coal prices fell to near one-month lows in Tuesday trading amid an absence of physical…
Read moreNordic front curve rebounds on strong spot prices
(Montel) Nordic front curve futures gained on Tuesday afternoon after spot prices beat expectations and the system price…
Read moreGerman Cal 21 pushes higher amid thin holiday trading
(Montel) German benchmark power prices pared gains on Tuesday after again nearing some of their highest levels…
Read moreEU needs extra 50 GW of interconnector capacity – Entso-E
(Montel) Europe will need an additional 50 GW of interconnector capacity by 2030 to accommodate the massive…
Read moreGas prices fluctuate amid volatile trading
(Montel) Gas prices eased earlier on Tuesday but recovered afterwards in a session marked by volatile trading,…
Read moreNordic power curve retreats on wetter outlook
(Montel) Nordic power futures fell on Tuesday morning as wetter weather was forecast later in August. …
Read moreEDF warns of output cut at Chooz (3 GW) on low river flows
(Montel) EDF has warned it could curb by up to 1.5 GW the capacity of its 3…
Read moreRising German wind power to pressure spot lower
(Montel) German day-ahead power prices looked set to ease further on Tuesday as forecasters expected a continued…
Read moreMounting risk of Nord Stream 2 failure – Uniper
(Montel) Uniper sees a growing risk that the Nord Stream 2 gas pipeline project from Russia to…
Read moreUniper’s H1 trading earnings jump 6-fold to EUR 571m
(Montel) German utility Uniper’s trading unit on Tuesday reported a six-fold year-on-year jump in adjusted earnings before interest…
Read moreCrude gains on hopes of US stimulus package breakthrough
(Montel) Crude oil was rising on Tuesday amid signs of a breakthrough in agreeing a US financial stimulus…
Read moreCO2 firms on heat, recovery hopes
(Montel) European carbon prices firmed on Monday, owing to soaring temperatures in key markets France and Germany…
Read moreSpanish spot to trade sideways, forwards may fall
(Montel) Spanish spot power could trade sideways this week, while futures may decline by the end of…
Read moreGerman Cal 21 contract follows firmer carbon
(Montel) Germany’s benchmark power contract for next year picked up the week where it left off on Friday,…
Read moreNew Equinor head to accelerate renewables focus
(Montel) Anders Opedal said on Monday he will step up Norwegian energy major Equinor’s renewables targets when he…
Read moreSlack coal demand to offset supply concerns
(Montel) Atlantic basin coal prices are likely to remain relatively steady this week, as slack demand offsets…
Read moreGas prices hit fresh multi-month highs
(Montel) Gas prices hit fresh multi-month highs on Monday amid a mix of bullish factors including a…
Read moreNordic power prices jump EUR 1 on drier outlook
(Montel) Nordic power contracts were rising on Monday morning – with September up more than EUR 1…
Read moreCentrica Energy Trading files legal action against Norlys
(Montel) Centrica Energy Trading suspects former employees of having shared key company data with Norlys Energy Trading, and…
Read moreCerrejon coal workers take strike ballot
(Montel) Worker’s at one of Colombia’s biggest coal exporters, Cerrejon, have begun voting on whether to take…
Read moreGerman spot power to ease on more wind
(Montel) German day ahead power prices looked set to ease on Monday as forecasters revised up their…
Read moreOil prices rise on Saudi optimism about demand
(Montel) Crude oil prices rose early on Monday as the chief executive of Saudi Aramco said oil demand…
Read moreGerman Cal 21 rises with carbon and gas
(Montel) After a slow start, the German benchmark power contract gained on Friday amid rising carbon prices and…
Read moreCO2 set to trade sideways on summer lull
(Montel) EUAs are likely to continue trading sideways between EUR 25-27/t next week as the holiday season shifts…
Read moreGas prices surge to multi-month highs amid LNG rally
(Montel) European gas prices rose to fresh multi-month highs on Friday as Asian LNG prices rallied on…
Read moreFrench temperatures to soar to 42C but no outages announced
(Montel) France is set to see temperatures soar to 42C in the south and west this weekend,…
Read moreCerrejon coal strike looms as negotiations stall
(Montel) Workers at one of Colombia’s biggest coal exporters, Cerrejon, are likely to vote in favour of…
Read moreNordic power prices continue fall on strong hydro supply
(Montel) Nordic power prices fell for the second day running on Friday, as hydropower producers were eager to…
Read moreChina’s coal imports continue sharp fall in July
(Montel) The world’s biggest coal consumer imported 26.1m tonnes of coal in July, down 21% year on…
Read moreGerman 37C hot spell to bring 30 GW solar peaks – Ubimet
(Montel) German solar output should remain especially high next week as a hot spell sends temperatures soaring…
Read moreOil falls on persistent demand fears, US impasse
(Montel) Oil was falling on Friday amid concerns about demand with a resurgent coronavirus, while US economic woes…
Read moreCoal slips on lacklustre demand
(Montel) Atlantic basin coal prices softened in Thursday trading as languid demand kept pressure on the market,…
Read moreFrench spot firms on lower nuclear, expected heatwave
(Montel) French power spot prices rose 3.5% on Thursday amid lower nuclear availability and as the country…
Read moreGerman Cal 21 climbs to 2-week high with carbon
(Montel) The German front-year contract touched a two-week high on Thursday amid higher CO2 prices, while contracts…
Read moreGas prices rise to 4-month high on storage, Henry Hub
(Montel) Gas prices in the UK and on the continent rose on Thursday amid higher prices in the…
Read moreNewcastle coal rebounds on recovering demand
(Montel) Asia’s benchmark coal price climbed 3% in the week to Thursday amid mounting confidence the Newcastle…
Read moreNordic front power edges down on hydro surplus
(Montel) Nordic power contracts close to delivery edged down in thin trade on Thursday, as uncertainty over the…
Read moreOver 50% of seaborne coal out of the money – Glencore
(Montel) More than half of global seaborne thermal coal supply is unprofitable at current spot prices, as…
Read moreGerman spot power to rise slightly with less wind, solar
(Montel) German day-ahead power prices looked set to rise slightly on Thursday as forecasters expected wind and…
Read moreOil prices continue climb on lower inventories
(Montel) Crude oil prices continued to rise early on Thursday to the highest levels since early March after…
Read moreGas pares gains though rally remains intact
(Montel) European gas prices eased from highs recorded earlier in the session on Wednesday, though the market…
Read moreAtomic energy agency urges EDF to step up fire safety at EPR
(Montel) The International Atomic Energy Agency (IAEA) has urged French utility EDF to improve fire prevention at…
Read moreSpot TTF gas touches EUR 7 as rally extends
(Montel) European gas prices looked set to extend a surge into a fourth trading session on Wednesday…
Read moreGerman Cal 21 power edges above EUR 40 but gains limited
(Montel) The German benchmark Cal 21 power contract passed the EUR 40/MWh mark for the first time in…
Read moreSpanish power use may drop after summer recovery
(Montel) Spanish power demand could decline again, after recovering to near normal levels over the summer due…
Read moreEndesa connects 51 MW wind farm in Spain
(Montel) Endesa has connected a 51 MW onshore wind farm in Cuenca, Spain, following a EUR 57m…
Read moreBosch signs green PPA deals with Statkraft, RWE, Vattenfall
(Montel) German engineering company Bosch has signed long-term green power purchase agreements (PPAs) with energy companies Statkraft,…
Read moreTurkey ditches Russian gas for LNG
(Montel) Turkey is swiftly replacing Russian piped gas with cheaper LNG as the country’s dominant gas supplier…
Read moreNordic curve rises on persistent dry weather forecasts
(Montel) Nordic power futures traded higher on Wednesday amid weather forecasts which continued to be drier than normal,…
Read moreGazprom’s July gas sales dive 41% to 2.9bcm
(Montel) Russian energy company Gazprom sold 2.9bcm of gas via its electronic platform (ESP) in July, down 41%…
Read moreIndonesia sets August coal price at fresh multi-year low
(Montel) Indonesia's energy ministry has set its August coal reference price at USD 50.34/t, the lowest since…
Read moreGerman green group brings legal action against Nord Stream 2
(Montel) Environmental Action Germany has brought legal action against the under construction Nord Stream 2 gas pipeline…
Read moreBrent crude climbs above USD 45/bbl, highest since March
(Montel) Brent crude prices traded above USD 45/bbl on Wednesday – the highest since early March –…
Read moreCleared coal futures on Ice slide 16% in July – broker
(Montel) Coal futures volumes cleared on the UK’s Ice exchange fell 16% on the year in July…
Read moreCoal railed to previously cut-off Russian port slumps 30%
(Montel) Railed coal shipments to Russia’s key export hub at Murmansk dropped nearly 30% year on year…
Read moreVerbund lifts warning of hydropower restrictions on 3 rivers
(Montel) Austrian utility Verbund has lifted a warning of restrictions for hydropower plants on three of six rivers…
Read moreGerman spot power eyes 40% jump on lower wind output
(Montel) German day-ahead power looked set to settle around 40% higher on Wednesday as forecasts indicated a slump…
Read moreOil prices soften after Beirut blast spooks market
(Montel) Oil prices traded a shade down early on Wednesday, reversing the previous session’s gain on fears of…
Read moreGas sustains rally as outlook hots up
(Montel) European spot gas prices continued a rally on Tuesday that has seen the day-ahead climb almost…
Read moreGerman front-month power revisits 6-month high on gas surge
(Montel) German power prices for delivery next month rose on Tuesday amid strong gains on the gas market.…
Read moreGerman energy-linked CO2 emissions may drop 17%
(Montel) German energy-related carbon emissions may drop 10-17% in 2020 from a year earlier amid a slump in…
Read moreTTF spot gas soars to 15-week high
(Montel) European gas prices rose on the back of a surge in the US gas price, lower…
Read moreVerbund curbs hydropower output at several units amid flood
(Montel) Austrian power producer Verbund has shut down or lowered output at hydropower plants along six rivers in…
Read moreGerman regulator starts first 4 GW coal closure tender
(Montel) Germany’s BNA network regulator has officially started the first tender for the closure of 4 GW…
Read moreNordic Q4 power retreats from 3-week high on wetter outlook
(Montel) The Nordic front-quarter power contract was retreating from a fresh three-week high on Tuesday, as the latest…
Read moreS Africa H1 coal exports slide 9% on slack India demand
(Montel) South Africa’s thermal coal exports in the first half of 2020 fell 9% amid a sharp…
Read moreBP aims to cut oil and gas output 42% by 2030
(Montel) Energy major BP will slash oil and gas production 42% by 2030, from 2019 levels, in…
Read moreBP’s gas production slumps 12% in second quarter
(Montel) UK oil and gas major BP on Tuesday reported a 12% year-on-year drop in gas production…
Read moreOil falls as oversupply compounds virus concerns
(Montel) Oil prices were falling on Tuesday as oversupply concerns – which have recently dogged the market –…
Read moreGas hits multi-month highs on increasing demand
(Montel) European front-month gas prices rose to multi-month highs on Monday amid some persisting generation demand and lower…
Read moreGerman Cal 21 power falls as CO2 price retreats further
(Montel) Germany’s front-year power contract fell on Monday amid a sliding carbon price and despite some positive signals…
Read moreFrench nuclear output dives 23% in July on weak demand
(Montel) French nuclear output plunged 23.3% year on year in July, to 22.4 TWh, as power demand was…
Read moreTTF day-ahead price nears one-month high
(Montel) European gas contracts rose on Monday amid steady demand from power generators and other supportive factors,…
Read moreStrong supply, renewables to cap UK gas gains
(Montel) Still strong supply and ample wind and solar output will prevent any significant upturn in UK…
Read moreEurope LNG terminals expect 2.1bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 2.1bcm this week, potentially bringing imports since the…
Read moreEU gas to edge up this month but stocks to curb gains
(Montel) EU spot gas prices should edge up in August compared to July, though record high storage levels…
Read morePoland watchdog fines Gazprom EUR 50m in Nord Stream 2 case
(Montel) Poland’s competition watchdog fined Russian gas monopoly Gazprom EUR 50m for a lack of cooperation in its…
Read moreNordic power curve continues rise amid dry outlook
(Montel) Nordic power contracts were continuing to see gains on Monday after rising late last week amid a…
Read moreGerman spot power set to ease slightly on cooler weather
(Montel) German day-ahead power prices looked set to decline slightly on Monday as forecasters expected steady solar…
Read moreCoal absent from UK power mix in July
(Montel) Coal remained absent from the UK power mix in July, as the country continued its transition…
Read moreOil prices fall amid concerns about higher Opec output
(Montel) Crude oil traded lower early on Monday on worries about oversupply, as Opec and its allies scale…
Read moreSlump in supply to support carbon prices in August
(Montel) A sharp decline in auctions should help keep European carbon allowances above EUR 25/t in August,…
Read moreGerman gas-fired output at highest level since 2017 in July
(Montel) German gas plants produced 6.47 TWh of power in July, up 56% year on year and the…
Read moreCarbon trading volumes fall 12.5% in Q2 – agency
(Montel) Europe’s carbon market saw trading volumes fall in the second quarter compared to the previous quarter,…
Read moreCoal edges higher with wider energy complex
(Montel) European coal prices edged up in Friday trading, in line with related market gains and buoyed…
Read moreFrench energy regulator eyes streamlined force majeure rules
(Montel) France's energy regulator CRE has proposed streamlining conditions for suspending deliveries of regulated nuclear power under force…
Read moreNordic spot power may double in Aug but will linger at lows
(Montel) Nordic power spot prices are set to rise next month but will still likely linger around…
Read moreSpanish gas demand drops 9% in July
(Montel) Gas consumption in Spain fell 9.3% year on year in July to 31.4 TWh, compared to…
Read moreGerman front-month power firms on French supply concerns
(Montel) German front-month power edged higher on Friday amid concerns that hot temperatures in France could force…
Read moreCO2 prices set to rise further as volume cut bites
(Montel) European carbon prices may see gains in the coming week as the annual 50% cut in auction…
Read moreSpot gas rises amid lower Norwegian flows, heat
(Montel) Spot gas prices rose on Friday as flows from Norway dropped, while the front month was supported…
Read moreWind output subdued as Germany faces hot spell – forecasts
(Montel) Germany should see low levels of wind generation and higher temperatures over the next four weeks, forecasters…
Read moreTotal to acquire 800 MW French gas assets in Sept – union
(Montel) Total will likely complete an acquisition of two gas-fired power units (800 MW) in France from Gazel…
Read moreTightening supply to underpin August coal prices
(Montel) Atlantic basin coal prices may gain some further ground over the coming month as supportive related-market…
Read moreTennet plans EUR 4-5bn in grid investments
(Montel) Tennet plans to raise its grid investments to accommodate renewable energy to EUR 4-5bn annually, the…
Read morePGNiG to "protect Poland’s interest" in Nord Stream 2 appeal
(Montel) Polish gas monopoly PGNiG has pledged to “protect Poland’s interests” by participating in an appeal Nord Stream…
Read moreSpanish power generation rises 3% in July on demand, exports
(Montel) Spanish power generation rose 3% year on year in July – the first increase since March…
Read moreEngie increases 2021 hedging volume to 64% at EUR 46/MWh
(Montel) Engie had hedged 64% of its expected 2021 European nuclear and hydropower production at EUR 46/MWh…
Read moreGerman front-week power set to rise on wind dearth
(Montel) Spot power prices in Germany look set to average higher than this week’s delivery as a…
Read moreGlencore slashes 2020 coal output forecast 14%
(Montel) Glencore has slashed its coal production outlook for 2020 by 14% to around 114m tonnes –…
Read moreGerman renewables hit 50% share as H1 power use dives
(Montel) German renewables covered 50.2% of gross power consumption in the first half of the year as demand…
Read moreHot spell may drive German solar to 30 GW next week – Ubimet
(Montel) Germany is likely to see a surge in temperatures late next week that coincides with solar…
Read moreOil nudges up from Thursday’s drop on economy woes
(Montel) Oil prices traded a shade higher early on Friday, although gains were capped by concerns about the…
Read moreCoal slips on poor demand
(Montel) Atlantic basin coal prices softened in Thursday trading amid lacklustre demand, despite some upturn in the…
Read moreGerman front-year power falls on CO2 retreat, virus concerns
(Montel) Germany’s front-year power contract was falling on Thursday amid a sliding carbon price, along with a pessimistic…
Read moreExcess coal supply seen at 17m tonnes in 2020 – analyst
(Montel) The global thermal coal seaborne market faces a surplus of around 17m tonnes in 2020, down…
Read morePoland’s Energa posts 33% rise in H1 wholesale power sales
(Montel) Polish utility Energa’s wholesale power sales on the TGE exchange increased 33% year on year to 1.9…
Read moreSteag wants higher auction volumes in 1st coal exit tender
(Montel) Germany should increase the tendered volume of its first coal exit auction by 20% from the current…
Read moreGerman onshore wind growth doubles but concerns remain
(Montel) German onshore wind additions doubled to 591 MW in this year’s first half, though the trajectory was…
Read moreGas prices fall as Norwegian flows rise and EUAs slide
(Montel) European gas contracts slumped on Thursday amid plentiful supply, higher Norwegian gas flows and a declining…
Read moreEDF CEO casts doubt on nuclear output target for 2021-22
(Montel) French utility EDF’s CEO Jean-Bernard Levy cast doubt over the firm’s long-term nuclear output goals for 2021…
Read moreUK coal imports slump 46% in January-May
(Montel) UK coal imports plunged 46% on the year in January-May to 1.9m tonnes amid plant closures…
Read moreTotal’s Q2 LNG sales volumes jump 22% to 10.4m tonnes
(Montel) Total’s sales of LNG rose 22% year on year to 10.4m tonnes (14.1bcm) in the second…
Read moreNaturgy to replace 2 coal plants with 160 MW of renewables
(Montel) Spanish utility Naturgy will build 160 MW of renewables capacity on the site of two former…
Read moreNordic power rises on drier weather, profit-taking
(Montel) Nordic power futures were trading higher on Thursday amid a drier weather outlook and the closing of…
Read moreEesti Energia Q2 output drops 46% on poor oil shale margins
(Montel) Eesti Energia's power production fell 46% year on year to 629 GWh in the second quarter due…
Read moreENBW locks in more power hedges for 2022
(Montel) Germany’s ENBW has already sold at least half its potential power generation for 2022 as it…
Read moreShell’s Q2 LNG sales slide 7% on virus impact
(Montel) Royal Dutch Shell’s LNG sales fell 7.2% year on year to 16.7m tonnes (22.6bcm) in the…
Read moreVerbund hedges 43% of 2021 power generation
(Montel) Austria’s biggest power producer Verbund had hedged 43% or 10.9 TWh of its planned hydropower generation in…
Read moreGerman spot power eyes 2-week high on weaker wind
(Montel) German day ahead power prices looked set to reach their highest levels in a fortnight on…
Read moreEDF's H1 earnings crash as firm takes EUR 1bn virus hit
(Montel) EDF's earnings before interest and taxes plunged 56% to EUR 1.6bn in the first half of…
Read moreSteag files legal complaint against German coal exit
(Montel) German power producer Steag has filed an emergency petition with the German Federal Constitutional Court to obtain…
Read moreOil slips after Fed warns of recovery slowdown
(Montel) Oil prices edged down early on Thursday following warnings by the US central bank that an…
Read moreCO2 climbs amid French reactor concerns
(Montel) European carbon prices extended recent gains on Wednesday as the market took a cue from a rally…
Read moreSpain targets 4 GW of “green” hydrogen by 2030 – ministry
(Montel) Spain plans to have "at least" 4 GW of so-called green hydrogen capacity by 2030, the…
Read morePolish government backtracks on coal mine closures
(Montel) Poland’s government and largest coal producer have stepped back from plans to potentially close some of the…
Read moreIberdrola signs 100 MW PPA in Spain with Sabic
(Montel) Spanish utility Iberdrola has signed a 25-year power purchase agreement (PPA) – which includes the construction…
Read moreOMV cuts 2020 gas price average to “below EUR 10/MWh”
(Montel) Austrian energy company OMV has cuts the 2020 outlook for its realised gas price to “below EUR…
Read moreTTF front-year gas continues rebound
(Montel) European forward gas prices were on track to extend the previous session’s rebound on Wednesday, as…
Read moreNordic power climbs on drier outlook, firmer EUAs
(Montel) Nordic power futures rose on Wednesday amid fresh forecasts showing a slightly drier outlook and a stronger…
Read moreMuted heatwave risk in Germany despite French hot spell
(Montel) There is no immediate risk of a heatwave in Germany, meaning no threat of power supply…
Read moreUS 2020 coal production to hit lowest since 1960s – EIA
(Montel) US coal production this year will likely be the lowest since the 1960s in light of…
Read moreDrax hikes biomass generation 16% in H1
(Montel) UK independent power generator Drax hiked biomass-fired generation levels 16% in the first half to 7.4…
Read moreOil firms after API sees drop in US crude stockpiles
(Montel) Oil prices edged higher early on Wednesday, after the American Petroleum Institute in the previous session reported…
Read moreGerman spot power eyes 60% jump as wind output slumps
(Montel) German day-ahead power looked set to settle around 60% higher on Wednesday as forecasts indicated a…
Read moreMeteo France sees risk of heatwave near Rhone reactors
(Montel) French weather service Meteo France said a possible heatwave could be developing in Rhone region, where…
Read moreNo power squeeze due to electric cars – German government
(Montel) Germany's power grids would be able to cope with supplying 7-10m electric vehicles on roads by…
Read moreEUAs set to rebound from near 1-month low
(Montel) EU carbon prices looked set to rebound above EUR 25/t on Tuesday after hitting their lowest…
Read moreSpain gas demand could fall 10% due to pandemic – TSO
(Montel) Spain’s demand for natural gas could fall 10% this year because of the coronavirus pandemic, according…
Read moreGerman peak spot price hits 3-week low on solar output
(Montel) German power for next-day delivery during peak hours dropped to a three-week low on Tuesday amid a…
Read moreCerrejon’s coal exports to fall 21% as strike looms
(Montel) One of Colombia’s biggest coal exporters, Cerrejon, aims to export 20.5m tonnes this year, down by around…
Read moreSpanish power prices recovering to pre-Covid levels – Endesa
(Montel) Spanish forward prices for 2021 and 2022 are experiencing a recovery and approaching the EUR 48/MWh…
Read moreUkraine's underground gas reserves hit record high
(Montel) Ukraine’s underground storage gas reserves have reached the previous record high of 21.8bcm three months earlier…
Read moreEuropean spot gas prices rise with lower Norwegian flows
(Montel) European spot gas prices rose on Tuesday as lower flows from the Norwegian continental shelf dented…
Read moreUS miner Arch’s thermal coal sales drop 40% in Q2
(Montel) US producer Arch Coal sold 11.6m short tons (10.4m metric tonnes) of predominantly thermal coal in…
Read moreFrench power prices jump after EDF warns of output cuts
(Montel) French weekend power prices climbed nearly EUR 3 on Tuesday after EDF warned of output cuts at…
Read moreNordic August power hits record low as wet outlook persists
(Montel) Nordic power futures close to delivery eased in early trading on Tuesday with the August contract hitting…
Read moreGlobal dry freight index plunges 34% from 10-month high
(Montel) The Baltic Dry Index – which tracks global dry freight rates – has plunged more than…
Read moreGerman spot power steady as strong wind offsets less solar
(Montel) German day-ahead power prices looked set to settle little changed on Tuesday amid expectations of robust…
Read more2nd wave fears, rising geopolitical tensions curb oil gains
(Montel) Oil was trading flat on Tuesday with fears of a second wave of coronavirus and rising geopolitical…
Read moreCO2 hits 1-month low on economic concerns
(Montel) European carbon prices dived to a one-month low on Monday amid a resurgence in coronavirus cases…
Read moreIndia’s H1 coal imports slump 22%
(Montel) The world’s second-largest coal consumer saw thermal imports slump 22% in the first half of the…
Read moreDeutsche Bank to end coal-mine financing by 2025
(Montel) Deutsche Bank will end all global business activities in coal mining by 2025 at the latest,…
Read moreGerman Cal 21 power touches 6-week low as EUAs drop
(Montel) German power for delivery next year plumbed a six-week low on Monday, taking a cue from a…
Read moreSpanish spot power to trade sideways, forwards fall
(Montel) Spanish spot power prices are set to trade sideways this week as increased wind power ouput…
Read moreTTF gas contracts fall amid ample supply
(Montel) Gas contracts on the Dutch TTF hub fell on Monday on the back of ample supply…
Read moreGerman offshore wind output climbs 18% in H1
(Montel) German offshore wind output climbed 18% in the first half of 2020 to reach 13.7 TWh,…
Read moreRussian coal production slides 9% in H1
(Montel) Russian coal production slid 9.4% year on year in the first half of 2020, to 193m…
Read moreFirst Iberian offshore wind farm starts up in Portugal
(Montel) A consortium led by energy companies EDP, Engie and Repsol have started up the first offshore wind…
Read moreFrench, German firms to build 21 MW solar unit in France
(Montel) French renewable power developer Tryba Energy and the German energy company Badenova will build a 21 MW…
Read moreRain, wind to pressure Nordic power this week
(Montel) Wetter weather than normal and increasing wind would keep up the pressure on the Nordic system price…
Read moreEuropean LNG terminals may receive 1.9bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 1.9bcm this week, potentially bringing imports since…
Read moreGerman spot power to tumble with revised wind outlook
(Montel) German day-ahead power prices were on track to tumble on Monday as forecasters significantly revised up…
Read moreOil prices fall as demand concerns persist
(Montel) Crude oil prices were lower early on Monday amid ongoing concerns about the negative impact of the…
Read moreGerman power turns negative on Sunday afternoon
(Montel) German-day ahead power prices turned negative for four hours on Sunday afternoon as elevated wind and…
Read moreCO2 falls along with equities
(Montel) The EUA market posted losses on the back of a plummeting equities market on Friday, but some…
Read moreTTF gas curve hits one-month low
(Montel) Front-year gas prices on the TTF hit a one-month low on Friday amid pressure along the…
Read moreMarket forces accelerating German coal exit – analysts
(Montel) Germany may close coal plants earlier than expected as the effects of market forces – driven…
Read moreGerman Cal 21 power dips on flagging demand, carbon
(Montel) German power for next year delivery tracked losses in the carbon market in a thin trading environment…
Read moreEUAs to continue consolidation ahead of auction cut
(Montel) EU carbon prices are likely to continue consolidating in the mid-to-upper-EUR 26 range next week, as the…
Read moreClash of narratives underlies carbon's wild ride
(Montel) A widening gulf between short- and long-term expectations for Europe’s carbon market has ultimately been feeding…
Read moreNordic power nudges down on persistent wet weather
(Montel) Front contracts fell for a second session in a row on Friday amid a persistent wet…
Read moreUK’s Centrica to sell US unit for USD 3.6bn
(Montel) UK utility Centrica plans to sell its US unit for USD 3.6bn in cash and use the…
Read moreSweden overtakes Germany in net power exports in H1
(Montel) Sweden overtook Germany to become the second-biggest net exporter of power in Europe – in terms of…
Read moreAxpo to build 143 MW solar capacity in southern France
(Montel) Swiss utility Axpo has committed to invest EUR 124m to build 143 MW of solar capacity in…
Read moreMore wind, less demand pressure German front-week power
(Montel) German power for delivery next week edged down on Friday morning, with forecasts indicating more wind and…
Read morePoland’s Energa writes down EUR 200m on coal plant
(Montel) Polish utility Energa reported EUR 200m in impairments on its 1 GW coal-fired Ostroleka C project due…
Read moreEquinor’s gas sales price dives 59% in Q2, profits plunge
(Montel) Norwegian energy firm Equinor's gas sales price in Europe tumbled 59% year on year to an…
Read moreDemand worries keep Brent crude below USD 44/bbl
(Montel) Oil prices traded little changed from the previous session’s 2% drop on Friday, with persistent worries about…
Read moreSpain plans climate neutrality by 2050
(Montel) Spain plans to reach climate neutrality by 2050, with a total reduction of its greenhouse gas…
Read moreCO2 gains in wake of price crash
(Montel) Europe’s CO2 benchmark contract firmed on Thursday, suggesting the market was consolidating after this week’s price…
Read moreFrench GO auction averages EUR 0.21/MWh
(Montel) French guarantees of origin (GOs) fetched an average price of EUR 0.21/MWh for a total 1.3 TWh…
Read moreGerman Cal 21 power advances in line with carbon
(Montel) German power for delivery next year rose more than 1% on Thursday, in line with buoyant…
Read morePoland plans 2.5 GW capacity auction for 2025
(Montel) Poland plans to run a capacity auction for 2.5 GW in back-up power for 2025, according to…
Read moreEngie must complete post-Fukushima measures by 2025 – Fanc
(Montel) Engie’s Belgian subsidiary Electrabel will need to finalise post-Fukushima measures by 2025 in order to extend…
Read moreFrench "EPR is a mess" – energy minister
(Montel) The new generation EPR reactor EDF is building at Flamanville in France “is a mess,” France’s new…
Read moreGas prices rise with stronger energy complex
(Montel) European prompt gas prices rose on Thursday, taking a cue from gains in related energy markets such…
Read moreNordic futures fall on wet outlook
(Montel) Nordic power futures eased in early trading on Thursday, as wet weather forecasts showed above-normal precipitation in…
Read morePolish power demand falls 7% in June – TSO
(Montel) Poland’s power consumption fell 7% year on year in June to 12.5 TWh, amid a slowing economy…
Read moreAsia-Pacific coal prices fall on Chinese stocks
(Montel) Asia’s benchmark coal price slipped 2% in the week to Thursday as Chinese supply constraints eased,…
Read morePoland to miss 2020 renewable goal
(Montel) Poland will miss its 2020 renewable energy target of 15% by almost three percentage points, the Warsaw-based…
Read moreUniper mulls hydrogen option for Dutch coal plant site
(Montel) Uniper could modify its Maasvlakte power plant site in the Netherlands to handle multiple fuels including…
Read moreGerman spot power eyes 12% drop as wind output rises
(Montel) German day-ahead power looked set to fall over EUR 4 on Thursday as forecasts estimated wind…
Read moreOil prices steady but demand concerns remain
(Montel) Oil prices edged up in early Thursday trading, but the gains were capped by concerns that the…
Read moreNaturgy to cancel 20 TWh of long-term gas contracts
(Montel) Spanish energy company Naturgy plans to cancel long-term, oil-indexed gas contracts totalling 20 TWh per year,…
Read moreCoal rises to six-month high on supply fears
(Montel) European coal for delivery in the third quarter rose to its highest price level since January amid…
Read moreGerman front-year power tracks carbon losses
(Montel) The German power benchmark Cal 21 fell below EUR 40 for the third-consecutive day this week, as…
Read moreTTF gas prices drop as Norway flows rebound
(Montel) Near-term gas prices on the Dutch TTF hub fell on Wednesday as Norwegian pipeline flows to…
Read moreNasdaq’s Nordic power trading volumes rise 28% in H1
(Montel) Traded Nordic power futures on Nasdaq Commodities rose 28% year on year to 245 TWh in the…
Read moreCO2 price driving power trading more than virus – Vattenfall
(Montel) A volatile carbon price is currently impacting power trading more than market concerns about the coronavirus pandemic,…
Read moreIberdrola sees demand recovering to pre-virus levels
(Montel) The head of Iberdrola, one of Europe’s biggest power companies, said on Wednesday he expected power demand…
Read moreUK carbon tax would be based on EU ETS price – government
(Montel) The planned UK carbon tax would be based on the EUA price, according to a government document.…
Read moreNordic power slides amid wet weather and weaker carbon
(Montel) Nordic power futures extended losses on Wednesday amid persistent wetter-than-normal weather and a weaker carbon price.…
Read morePoland’s PGNiG imports of LNG rise 25% in H1
(Montel) Polish gas monopoly PGNiG imported LNG equivalent to 2.2bcm of natural gas in January-July, a 25% increase…
Read moreRenewables overtake fossil power generation – think tank
(Montel) Renewable energy became Europe’s biggest source of electricity in the first half of 2020, overtaking fossil…
Read moreGerman spot power to firm on subdued wind and solar output
(Montel) German day-ahead power looked set to settle slightly higher on Wednesday as forecasts indicated that a small…
Read moreOil prices retreat on report of big build in US inventories
(Montel) Oil prices pulled back from the previous session’s four-month highs on Wednesday after a report showed a…
Read moreChina’s coal imports may plunge 40% in second half
(Montel) China’s coal imports over the next six months could fall by as much as 40% relative…
Read moreEU recovery deal boosts outlook for tougher climate goal
(Montel) The EUR 750bn EU economic recovery package has boosted chances of sharply increasing the bloc’s 2030…
Read moreCorporate PPA growth stalls amid price woes
(Montel) The number of new corporate power purchasing agreements (PPAs) in Europe has stalled as buyers are…
Read moreGerman Cal 21 climbs with carbon, EU recovery hopes
(Montel) The German benchmark power contract gained on Tuesday amid rising carbon prices and hopes of a European…
Read moreGas rises on lower Norway flows, firmer energy complex
(Montel) European prompt gas prices edged higher on Tuesday amid lower flows from Norway and as bullish correlated…
Read moreBHP coal production falls 16% due to Colombia mine
(Montel) BHP thermal coal production fell 16% to 23m tonnes in the 12 months to July due…
Read moreVattenfall mulls closure of Moorburg coal plant (1.6 GW)
(Montel) Vattenfall CEO Magnus Hall on Tuesday said the company could tender its 1.6 GW coal-fired power plant…
Read moreGazprom auction gas sales slide to 14mcm, lowest in July
(Montel) Gazprom sold 14mcm of gas to European customers in a Monday auction via the company’s electronic sales…
Read moreNordic September power drops to fresh low on wet weather
(Montel) Nordic front contracts fell on Tuesday, with September hitting a fresh low, amid persistent wet weather.…
Read moreOil prices hit 4-month highs on EU stimulus deal
(Montel) Oil prices traded at more than four-month highs on Tuesday morning, after EU leaders agreed on a…
Read morePortugal's Gouvaes (880 MW) pump storage to launch H2 2021
(Montel) The 880 MW Gouvaes pump storage unit, the first of three hydroelectric plants in Iberdrola's Alto Tamega…
Read moreGerman spot power set to rise 11% on lower wind output
(Montel) German day-ahead power looked set to rise more than EUR 3 on Tuesday, as lower wind output…
Read moreVattenfall hedges 57% of 2021 Nordic output at EUR 30/MWh
(Montel) Vattenfall sold 57% of its Nordic power production for 2021 at an average price of EUR 30/MWh…
Read moreVattenfall posts EUR 685m loss in Q2 amid write-downs
(Montel) Vattenfall swung to an operating loss of SEK 7bn (EUR 685m) in the second quarter amid write-downs…
Read moreOil prices climb on EU stimulus, vaccine hopes
(Montel) Crude oil prices rose early on Tuesday on optimism about a coronavirus vaccine and a EUR 750bn…
Read moreMagnus Hall to quit as Vattenfall CEO
(Montel) Vattenfall CEO Magnus Hall will leave the Swedish utility, the company said on Tuesday. …
Read moreGerman WPD signs Polish wind PPA with Engie
(Montel) German wind farm developer WPD has signed a power purchase agreement (PPA) with French utility Engie for…
Read moreCarbon drops to 3-week low on profit-taking
(Montel) European carbon prices fell to the lowest level in almost three weeks on profit taking, after rising…
Read moreJapan’s LNG imports fall 6% in H1
(Montel) The world’s largest LNG consumer imported 6% less of the fuel in the first half of…
Read moreGerman Cal 21 power drops to 2-week low on carbon
(Montel) German power for delivery next year dropped to a two-week low on Monday amid lower prices on…
Read moreFrench Q4 power falls as nuclear outlook improves
(Montel) French power for Q4 delivery fell to a 3-month low on Monday amid high nuclear availability…
Read moreSpanish spot power set to rise this week as supply tightens
(Montel) Spanish spot power prices looked set to rise this week amid expectations of lower wind generation…
Read moreFinland to launch pilot balancing-market aggregator
(Montel) Finnish TSO Fingrid on Tuesday will launch a pilot aggregator for the balancing market, aiming to make…
Read morePortugal sees EUR 16bn investment interest in hydrogen
(Montel) Portugal's government has received more than 70 investment proposals in the industrial hydrogen sector from European…
Read moreGerman firm starts to build Poland's largest solar park
(Montel) German renewables firm BayWa r.e. has started construction of Poland's largest photovoltaics farm, the 65 MW Witnica,…
Read moreFront-year coal drops amid muted demand
(Montel) Year-ahead prices in the API 2 coal window continued to fall from recent highs amid lingering low…
Read moreAugust TTF slumps to 1-month low
(Montel) European gas prices eased on Monday, pressured by flagging carbon prices, windier weather across northwest Europe…
Read moreEuropean LNG terminals expect 2.4bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 2.36bcm this week, potentially bringing imports since…
Read moreEnefit signs 0.5 TWh power supply deal with Orange Polska
(Montel) Energy firm Enefit has signed a three-year power purchase agreement to supply 510 GWh of electricity to…
Read moreNordic Sept power hits record low amid strong hydro supply
(Montel) The Nordic power September contract hit a record low on Monday on the back of forecasts showing…
Read moreTauron to launch 6 MW solar farm in Poland in Q4
(Montel) Polish utility Tauron will launch a 6 MW photovoltaic solar farm in northwest Poland in the fourth…
Read moreGerman spot power steadies amid mixed solar, wind outlook
(Montel) German day-ahead power prices were on track to remain relatively flat on Monday as forecasters tipped…
Read moreOil prices drop amid planned Opec output increase, lockdowns
(Montel) Crude oil prices fell early on Monday in the wake of the decision by Opec and its…
Read moreArenh deliveries continue due to regulatory action – EDF
(Montel) Total Direct Energie (TDE), Alpiq and Gazel Energie continue to receive regulated nuclear power despite French utility…
Read moreBullish carbon drives the complex up
(Montel) European energy prices surged on Friday as commodities took a cue from a bullish carbon market…
Read moreHydrogen, biomethane in EU gas grid may cost EUR 64bn – TSOs
(Montel) The introduction of hydrogen and biomethane to European gas grids as alternative green fuels would require…
Read moreFewer Australian LNG cargoes drift in June – report
(Montel) The number of Australian LNG cargoes with no clear destination – a gauge of Asia’s supply…
Read moreGerman front-year power follows carbon upwards
(Montel) The German power benchmark Cal 21 rose on the back of higher carbon prices on Friday,…
Read moreCarbon prices may correct further after 14-year high
(Montel) Europe's benchmark carbon price could see a further correction next week – from a 14-year high reached earlier…
Read moreGas prices rise on higher carbon, less supply
(Montel) Gas prices in the UK and on the continent traded higher in the early session on Friday…
Read moreGermany to see colder weather, fluctuating wind – forecasts
(Montel) German temperatures should be colder than average next week and wind generation should fluctuate in the…
Read moreGermany adds 219 MW of offshore wind capacity in H1
(Montel) Germany’s offshore wind capacity grew by 219 MW in the first half of this year, bringing the…
Read moreGerman spot power eyes 10% drop as wind output to jump
(Montel) German power spot prices were on track to fall around 10% next week, compared with this…
Read moreOil prices soften in range-bound trading
(Montel) Oil prices were a shade down on Friday as market participants continued to digest this week’s decision…
Read moreStatkraft’s trading unit sees 93% drop in Q2 profit
(Montel) Norwegian energy group Statkraft's marketing operations unit posted an operating profit of NOK 23m (EUR 2.2m) in…
Read moreTop oil and gas producers vow to reduce carbon intensity
(Montel) Twelve top oil and gas companies including Saudi Aramco and ExxonMobil have set targets to reduce…
Read moreUkrainian gas imports for storage hit 5-year high
(Montel) Ukrainian gas imports for underground storage (UGS) surged 25% so far this year from the same…
Read moreCoal eases from recent highs
(Montel) Atlantic basin coal prices softened in Thursday trading in line with lower related markets, as the…
Read moreNorway day-ahead traders slam TSO over intraday capacity
(Montel) Norwegian day-ahead traders have criticised Swedish TSO Svenska Kraftnat for releasing up to 350 MW additional…
Read moreGerman coal importers see 40% slump in volumes this year
(Montel) Europe’s biggest economy could see thermal coal imports fall as much as 40% this year as…
Read moreTerega and HDF launch hydrogen storage project in France
(Montel) Gas network operator Terega and hydrogen specialist HDF have launched a 1.5 GWh hydrogen storage pilot project…
Read moreGerman Cal 21 weakens as it remains carbon “hostage”
(Montel) German power benchmark Cal 21 traded lower on Thursday amid flagging carbon prices, while nearer-term contracts dropped…
Read moreSpot gas drops on robust supply
(Montel) European day-ahead gas prices dropped on Thursday as robust piped supply weighed on the market.…
Read moreNewcastle coal premium to Europe fades
(Montel) Asia’s benchmark coal price remained relatively unchanged in the week to Thursday, though its premium to…
Read moreGazprom’s July gas auction sales to Europe reach 1.6bcm
(Montel) Russian gas giant Gazprom has sold 1.6bcm of natural gas to European customers in July auctions on…
Read moreGerman minister backs 55% EU 2030 climate goal
(Montel) Europe should strive for a 55% emissions reduction target for 2030, German energy minister Peter Altmaier…
Read moreNordic Q4 power hits fresh 3-month low on wet outlook
(Montel) Nordic power contracts traded down across the board Thursday morning amid wet weather forecasts and weaker…
Read moreEDP buys 511 MW of Viesgo’s renewable assets
(Montel) Portuguese utility EDP has bought 511 MW of renewable generation assets of Spanish utility Viesgo from…
Read moreRussia’s Suek reduces coal exports 6.5% in H1
(Montel) Russia’s largest coal exporter, Suek, reduced export sales 6.5% in the first half to 26m tonnes,…
Read moreAnglo American revises 2020 coal output down 4.5%
(Montel) Anglo American expects to produce 21m tonnes of thermal coal this year, down 1m tonnes –…
Read moreUS lifts sanctions exemption on Nord Stream 2 pipeline
(Montel) US secretary of state Mike Pompeo said on Wednesday that a sanctions exemption will be removed for…
Read moreGerman spot power drops from 6-month high as solar returns
(Montel) German day-ahead power looked set to fall around 10% on Thursday as forecasts indicated a surge in…
Read moreOil prices ease as Opec+ to boost supply from August
(Montel) Oil prices eased early on Thursday as Opec and its oil-producing allies plan to boost supply by…
Read moreCourt reinstates Total's Arenh supply after EDF cancellation
(Montel) The Paris commercial court has ordered EDF to continue Arenh nuclear power supplies to major rival…
Read moreGalp books EUR 60m loss on unauthorised EUA trades
(Montel) Portuguese refiner Galp booked a loss of EUR 60m after closing “unauthorised transactions” of EUAs, the company…
Read moreGerman energy traders fear job losses amid demand slump
(Montel) German energy traders fear job cuts following lower power demand which is weighing on prices and the…
Read moreGermany expects to add 1.3 GW of onshore wind this year
(Montel) The German government expects to increase onshore wind capacity by 1,300 MW this year, only slightly up…
Read moreSpain could end 2020 with 1.5 GW of new solar power – lobby
(Montel) Spain could finish the year with about 1,500 MW of new solar capacity, less than expected…
Read moreProtected marine space delays Uniper’s German LNG terminal
(Montel) Uniper’s plans for a floating LNG terminal in the northern German port of Wilhelmshaven have encountered…
Read moreEurope coal exit efforts promising, but not enough
(Montel) Europe's overall coal phase-out rate is "promising" for the bloc's climate goals, but those efforts could…
Read moreGerman Cal 21 rises amid firm carbon, coal
(Montel) The German benchmark power contract rose above EUR 43/MWh on Wednesday, tracking gains in the carbon and…
Read moreNorwegian Q2 power use rises 2% despite Covid-19
(Montel) Norwegian power consumption rose to 29.8 TWh in the second quarter, up 2% from 29.1 TWh a…
Read moreFront-year coal jumps to 5-month high
(Montel) European front-year coal prices jumped to a five-month high in Wednesday trading, in part spurred by…
Read moreGlencore seeks to suspend Colombian coal unit for 4 years
(Montel) Anglo-Swiss mining and trading firm Glencore is seeking to suspend operations at its Colombian coal unit for…
Read moreGas prices rise on lower Norwegian inflows, strong carbon
(Montel) European gas prices rose on Wednesday amid flagging inflows from Norway and stronger carbon prices.…
Read moreNordic power futures fall on more rain
(Montel) Nordic power futures fell in early Wednesday trading, with the front month extending the previous day’s loss,…
Read moreRussian coal-port volumes decline 1.7% in H1
(Montel) Russia’s ports handled 1.7% less coal in the first half of 2020 than a year earlier,…
Read moreDutch court ruling clears way for 11.8bcm of Groningen gas
(Montel) A division of the Dutch Council of State on Wednesday ruled in favour of the ministry…
Read moreFocusEconomics revises down 2020 coal price 1.8%
(Montel) Economic analysis firm FocusEconomics has revised down its forecast for benchmark Australian coal prices this year…
Read moreGerman spot power moves sideways amid low wind, solar output
(Montel) German day-ahead power looked set to settle little changed on Tuesday as forecasts indicated modest changes to…
Read moreOil edges up on US inventory drop, eyes on Opec+
(Montel) Oil prices edged up early on Wednesday on a reported drop in weekly US crude inventories, while…
Read moreCO2 firms despite bearish technical indicators
(Montel) Europe’s CO2 benchmark contract on Tuesday firmed in late trading despite technical indicators suggesting a correction…
Read moreMany countries support raised EU climate target – minister
(Montel) A wide range of countries support raising the EU’s 2030 climate target, though some remain sceptical,…
Read morePoland’s Orlen seeks to buy PGNiG for EUR 4.7bn
(Montel) Polish refiner Orlen is planning to buy PGNiG for EUR 4.7bn by purchasing 72% of shares in…
Read moreIndonesia’s May coal exports slide to 3-year low
(Montel) Indonesia’s thermal coal exports fell 29% on the year in May to a near three-year low…
Read moreLower pipeline flows support prompt gas prices
(Montel) Near term gas prices in Europe were on track to snap four days of losses on…
Read moreUK paves way for over 100 large-scale battery projects
(Montel) The UK government has relaxed planning legislation for the construction of large-scale batteries – to store…
Read moreAustralian coal miner Whitehaven raises output despite virus
(Montel) Australia’s largest independent coal producer, Whitehaven Coal, increased full year (July 2019-June 2020) saleable production 3%…
Read moreSpain adds 1.2 GW of green power capacity in H1
(Montel) More than 1.2 GW of new solar and wind capacity was installed in Spain during the…
Read moreEDP to speed up closure of 1.5 GW Iberian coal capacity
(Montel) Portuguese utility EDP will speed up the closure of 1,526 MW of coal-fired capacity in Portugal…
Read moreNordic power futures fall on wetter outlook
(Montel) Nordic power futures eased in early trading on Tuesday as fresh forecasts called for wetter weather in…
Read moreChina’s H1 coal imports rise 12.6%
(Montel) China’s coal imports in the first half of 2020 grew 12.6% on the year to 174m…
Read morePolish power imports rise 39% in January-May
(Montel) Poland imported 5.8 TWh of electricity in the first five months of the year, up 39% from…
Read moreGerman spot power eyes 6-month high as solar output drops
(Montel) German day-ahead power looked set to rise more than EUR 6 to settle at a six-month high…
Read moreOil prices slip as Opec-led group set to taper output cut
(Montel) Oil prices shed around 2% early on Tuesday amid expectations that Opec and its key allies will…
Read moreCarbon rally puts EUR 31/t all-time high in reach
(Montel) Europe’s benchmark carbon price rose to a 14-year high on Monday, with speculative buying putting it within…
Read moreNew gas infrastructure in Europe "is superfluous"
(Montel) Europe has no need for further gas pipelines or LNG import terminals, despite shrinking domestic production,…
Read morePolish power demand falls 7% in June – TSO
(Montel) Poland’s power consumption fell 7% year on year in June to 12.5 TWh as the economy was…
Read moreGerman Cal 21 rises amid carbon rally
(Montel) German power for delivery next year rose on Monday following bullish signals from the carbon market, traders…
Read moreSouth Korea coal imports drop 10% in H1
(Montel) South Korean thermal coal imports declined 10% in the first half of the year to 55.5m…
Read moreSpanish spot to see rangebound trade, CO2 to drive forwards
(Montel) Spanish spot power prices looked poised for rangebound trade this week on a stable supply system,…
Read moreFrench gas demand nearly back to normal – TSOs
(Montel) Natural gas demand in France has almost returned to seasonal levels as economic activity picks up…
Read moreCoal prices track related market gains
(Montel) European coal prices may garner some further support this week from bullish related markets, although physical…
Read moreNordic power futures rise on drier outlook, CO2 price gain
(Montel) Nordic power futures advanced on Monday amid forecasts for drier weather ahead and a buoyant carbon…
Read moreGas prices nudge up as CO2 hits 14-year high
(Montel) European gas curve prices inched up on Monday, partly taking cues from surging carbon prices although…
Read moreCarbon price reaches highest since 2006 as sellers retreat
(Montel) Europe's benchmark carbon price rose above EUR 30/t to a 14-year high on Monday as buyers…
Read moreUK begins construction of world’s longest power link
(Montel) The UK’s National Grid has begun construction of the world’s longest power interconnector, the 1.4 GW…
Read moreEuropean LNG terminals expect 1.9bcm this week
(Montel) LNG vessel arrivals at key European destinations could total 1.9bcm this week, potentially bringing imports since…
Read moreLess solar to support German spot power
(Montel) German day-ahead power prices were on track to climb 5% on Monday and return to a…
Read morePolish solar capacity surges to 2.1 GW
(Montel) Poland's installed capacity of solar power more than doubled to 2.1 GW in June versus the same…
Read moreOil falls as Opec considers rise in production
(Montel) Oil prices fell early on Monday as Opec and its allies prepared to discuss later this week…
Read moreNuclear power to endure in French energy mix – new minister
(Montel) Nuclear power will "long" continue to represent a significant share of energy production in France, new French…
Read moreEU gas grid far from hydrogen ready – Acer
(Montel) European gas networks are far from ready to accommodate a European strategy to develop hydrogen as…
Read moreCO2 extends losses on dimmer recovery hopes
(Montel) Europe’s CO2 benchmark contract on Friday extended losses for a fourth day to hit a one-week…
Read moreGermany tenders 650 MW of “innovative” renewables
(Montel) The German government has launched a tender for 650 MW of renewable technology that would use an…
Read morePolish front-month power falls as fears of heatwave subside
(Montel) Poland’s front-month power contract slid to a one-week low on Friday as fears of a heatwave subsided,…
Read moreGermany’s 1st coal closure tender may see strong demand
(Montel) Germany's first tender to close 4 GW of coal-fired power capacity is likely to attract strong…
Read moreGerman Cal 21 power retreats in line with CO2
(Montel) The German front-year contract fell on the back of a declining EUA price on Friday, as…
Read moreCO2 set to continue trading near EUR 30/t in near term
(Montel) EUAs are set to continue their present consolidation next week, with the market likely to trade between…
Read moreUK gas front month falls to 2-week low amid virus fears
(Montel) UK and European gas prices fell on Friday, following a broader downward movement among related commodity markets,…
Read moreGrowing La Nina risk may threaten coal supply
(Montel) There is a growing chance the La Nina weather pattern – which can have an adverse…
Read moreNordic power hits 3-mth low on weaker CO2, wet outlook
(Montel) Nordic power prices fell across the board on Friday morning, with the Q4 hitting a fresh…
Read moreEDF firm to start producing EPR parts next year – report
(Montel) EDF nuclear power equipment subsidiary Framatome will start producing parts for new generation EPRs as early as…
Read moreGlobal oil demand to fall nearly 8% in 2020 – IEA
(Montel) Global oil demand will fall nearly 8% this year due to the coronavirus pandemic, the International Energy…
Read moreRussian Railways on track to fix Murmansk coal line by Oct
(Montel) State-owned Russian Railways (RZD) is on target to reopen a rail line to the key western…
Read moreGazprom sells record monthly high 4.9bcm in June auctions
(Montel) Russian gas giant Gazprom sold a monthly record 4.9bcm of gas via its electronic sales platform (ESP)…
Read moreIceland could export 5-10 TWh hydrogen – Landsvirkjun CEO
(Montel) Iceland has the potential to produce and export 5-10 TWh of “green” hydrogen if there was demand…
Read moreGermany set for 30 GW solar early next week – Ubimet
(Montel) Germany looked set to see warm, calm and mostly dry weather next week, with solar output levels…
Read moreOil falls amid Covid-19 concerns as US deaths climb
(Montel) Oil prices fell on Friday amid concerns about a resurgence of the coronavirus pandemic, particularly in the…
Read moreIndustries support Europe hydrogen plan
(Montel) Industries that can reduce carbon emissions by using hydrogen welcomed the European Commission’s strategy to develop…
Read moreCO2 falls for third day but EUR 30+ in reach
(Montel) European carbon prices declined for a third consecutive day on Thursday after rising to a near year…
Read moreFund CIP inks 10-year PPA in Spain for 12 TWh of wind power
(Montel) Danish fund CIP has signed a power purchase agreement (PPA) to sell 12 TWh of Spanish…
Read moreTTF volumes rise 30% in Jan-June despite virus – Prospex
(Montel) Trading volumes on Europe’s largest gas market, the Dutch TTF, rose by nearly 30% in the…
Read moreGas prices fall on lower CO2, healthy supply
(Montel) European gas prices fell on Thursday on the back of lower carbon prices – which made coal-fired…
Read moreGerman power prices may rise 10% amid coal exit – analysts
(Montel) Germany may face a power shortage from 2025 should the country fail to replace its coal and…
Read moreGlencore seeks further idling of Colombian coal unit
(Montel) Anglo-Swiss trading and mining firm Glencore intends to further idle operations at its Prodeco coal-mining unit in…
Read moreGerman front-week power sheds 2% on windier outlook
(Montel) The German week-ahead power contract has shed more than 2% on Thursday amid a windier outlook and…
Read moreNordic front-year power hits 7-week low on flagging CO2
(Montel) The Nordic Cal 21 contract hit a seven-week low on Thursday amid flagging carbon prices, while…
Read moreAsia-Pacific coal index up, outlook sours
(Montel) Asia’s benchmark coal index climbed 4% in the week to Thursday, though deepening demand destruction due…
Read moreGerman green energy fund records biggest ever drop
(Montel) Germany’s green energy fund surplus has posted its biggest ever month-on-month drop, plunging by EUR 1.26bn to…
Read morePGE to build 77 MW solar farm in Poland by end of 2022
(Montel) The renewable energy arm of Polish utility PGE will build a 77 MW solar farm in the…
Read moreGerman spot power to retreat from 5-month high on more wind
(Montel) German day-ahead power looked set to fall almost EUR 6 on Thursday as forecasts suggested wind power…
Read moreOil prices soften as demand concerns persist
(Montel) Oil prices eased in early Thursday trading as daily spikes in new Covid-19 cases worldwide this week…
Read moreCO2 retreats nearly EUR 1 from 11-month high
(Montel) Europe’s CO2 benchmark contract corrected down from an 11-month high hit in the prior session on…
Read moreSpain gas demand set to fall 26% in Aug on more renewables
(Montel) Natural gas demand in Spain was set to fall 26% year on year in August, to…
Read moreSpanish ETS power sector emissions plunge 29% in 2019
(Montel) Greenhouse gas emissions from Spain’s power sector covered by the EU ETS plunged nearly 30% year…
Read moreOrange France signs 67 GWh/year PPA with Boralex
(Montel) French telecoms operator Orange France has signed a five-year corporate power purchase agreement for 67 GWh/year from…
Read moreNew EC policy targets 40 GW “green” hydrogen by 2030
(Montel) The European Commission has targeted 40 GW of “green” hydrogen in the region by 2030 with…
Read moreGerman Cal 21 halts bullish movement as carbon falls
(Montel) Germany’s benchmark power contract for next year fell by nearly EUR 1 on Wednesday, reflecting similar losses…
Read moreUkraine power exports plunge seven-fold in Q2
(Montel) Ukrainian power exports in the second quarter plunged nearly seven-fold to 465 GWh, year on year,…
Read moreGas prices soften amid muted demand, ample supply
(Montel) European gas contracts softened along the curve on Wednesday amid muted demand and ample supply, although…
Read moreCerrejon’s coal output may dive 24% this year – report
(Montel) One of Colombia’s biggest coal exporters, Cerrejon, could see its production diving 24% year on year to…
Read moreRussia’s largest coal port boosts H1 exports 6%
(Montel) Russia’s largest coal terminal at Vostochny exported 13.8m tonnes in January-June, more than 6% higher than…
Read moreNordic futures fall on more rain, weaker CO2
(Montel) Nordic power futures fell on Wednesday amid forecasts showing wetter weather and a weaker carbon price. …
Read moreEIA lowers 2020 US coal export outlook by 4.6%
(Montel) The US Energy Information Administration (EIA) has revised down this year’s thermal coal export outlook by…
Read moreNew Covid-19 outbreak at French nuclear plant – report
(Montel) A dozen sub-contract workers at EDF’s Belleville nuclear power plant (2.6 GW) in central France have contracted…
Read moreNewcastle coal exports slip 1.8% in first half
(Montel) Coal exports from the key Australian export port of Newcastle declined 1.8% on the year to…
Read moreOrsted signs world’s largest green PPA with Taiwanese firm
(Montel) Orsted on Wednesday signed a 20-year deal with TSMC which will buy power from one of the…
Read moreFrance’s new energy minister to keep policy on even keel
(Montel) France's new energy minister Barbara Pompili has a reputation of being a coalition builder capable of…
Read moreGerman spot power to extend 6-month high
(Montel) German day-ahead power prices were on track to extend some of their highest levels since late…
Read moreOil slips after API reports US crude inventory build
(Montel) Crude oil prices drifted down early on Wednesday, after the American Petroleum Institute (API) reported late in…
Read morePoland plans to support 6 GW offshore wind by mid-2021
(Montel) Poland's government will incentivise the construction of around 5.9 GW of offshore wind capacity in the Baltic…
Read moreRWE trading unit enters Japanese power market
(Montel) RWE’s supply and trading unit has established a new office in Tokyo, aiming to start trading power…
Read moreCO2 extends 11-month high
(Montel) European carbon prices extended recent 11-month highs on Tuesday amid continued speculation about climate targets.…
Read moreGerman Cal 21 revisits four-month high as CO2 climbs
(Montel) Germany’s benchmark power contract followed a fresh surge in carbon prices on Tuesday and returned to its…
Read moreGermany backs tougher EU 2030 climate target – minister
(Montel) Germany supports a more ambitious EU climate target for 2030, the country’s environment minister Svenja Schulze…
Read moreSpot gas prices rise on higher power generation demand
(Montel) European spot gas contracts rose on Tuesday amid increased power generation demand, while curve contracts traded…
Read moreCleared coal futures on Ice hit 8-month high – broker
(Montel) Coal futures volumes cleared on the UK’s Ice exchange grew to an eight-month high in June…
Read moreNordic Q4 power rises on drier weather outlook
(Montel) The Nordic front-quarter contract rose on Tuesday for the second consecutive day amid drier weather forecasts…
Read moreEDP, EDPR appoint interim CEOs after court suspension
(Montel) Portuguese utility EDP and its green unit EDPR have appointed interim CEOs to replace Antonio Mexia…
Read moreEuropean piped gas imports dive 19% in H1 – Cedigaz
(Montel) European gas imports by pipeline dived 19% year on year in H1 2020 – to 130bcm…
Read morePoland's TSO sells entry capacity on Yamal to Oct 2021
(Montel) Polish TSO Gaz System has sold 79mcm/day entry capacity on the Yamal pipeline to Germany from October…
Read moreGerman spot power eyes 6-month high as wind, solar ease
(Montel) German day-ahead power prices on Tuesday were on track to surpass EUR 40/MWh for the first…
Read moreSurge in coronavirus cases dampens oil prices
(Montel) A surge in coronavirus cases weighed on the oil market on Tuesday as it raised doubts about…
Read moreFrance names Barbara Pompili new energy minister
(Montel) French president Emmanuel Macron has appointed the ecologist Barbara Pompili as energy minister to succeed Elisabeth Borne…
Read moreCO2 surge leads fuel complex gains
(Montel) Surging carbon prices injected some bullish sentiment into related markets on Monday trading, with the benchmark…
Read moreGerman Cal 21 power climbs to fresh 4-month high
(Montel) Germany’s benchmark power contract rose to a fresh four-month high on Monday, in line with other energy…
Read moreTTF Q1, Q4 spread at record high on Nord Stream 2 doubts
(Montel) The spread between the Q1 21 TTF gas contract and its Q4 20 counterpart equalled a record…
Read moreDry freight index soars to 9-month high
(Montel) The Baltic Dry Index has soared to a more than nine-month high as relatively strong iron…
Read moreSpanish spot power to trade sideways, Cal 21 hits fresh high
(Montel) Spanish spot power prices look poised to trade sideways this week with an increase in demand…
Read moreDanish decision paves way for Nord Stream 2 completion
(Montel) Denmark has approved a request from the developer of the Nord Stream 2 gas pipeline to allow…
Read moreWinter TTF gas hits 11-week high as energy complex firms
(Montel) European gas forwards climbed to multi-month highs on Monday, taking a cue from stronger oil and carbon…
Read moreCoal prices surge to fresh 3-month highs
(Montel) <span style="font-family: Arial, sans-serif;">European coal prices rose to more than three-month highs in early Monday trading,…
Read moreNordic Q4, Cal 21 power firm amid buoyant carbon market
(Montel) Nordic power front quarter and year contracts rose on Monday as the benchmark EU carbon price extended…
Read moreCO2 tops EUR 29/t as German power advances
(Montel) EUAs rose above EUR 29/t for the first time since August in early Monday trading, keeping pace…
Read morePoland's PGG restarts 10 coal mines after virus restrictions
(Montel) Poland's largest coal producer PGG is restarting 10 mines after a four-week halt aimed at curbing the…
Read moreGerman spot to more than double on less wind
(Montel) German day-ahead power prices were on track to more than double on Monday as some forecasters expected…
Read moreOil gains on Opec compliance with targets on output cuts
(Montel) Oil prices rose early on Monday amid signs of continued cutbacks by crude producers in the wake…
Read moreGerman Sunday power settles negative on robust wind
(Montel) German power for delivery on Sunday settled at EUR -15.34/MWh, with the lowest level plunging to EUR…
Read moreNordic spot power drops below EUR 1 for first time
(Montel) The Nordic system price hit a fresh record low of EUR 0.72/MWh on Sunday due to sustained…
Read moreCoal retreats amid profit-taking, thin demand
(Montel) European coal prices fell in Friday trading, after touching three-month highs in the previous session, amid…
Read moreGerman Cal 21 power recovers from 4-day low on higher carbon
(Montel) Germany’s benchmark power contract for next year recovered from a four-day low on Friday with support…
Read moreGerman parliament approves coal exit by end of 2038
(Montel) Germany’s parliament on Friday approved the country’s exit from hard coal and lignite-fired power generation by…
Read moreRussia’s H1 coal exports hit 5-year low
(Montel) Russian coal exports in the first half of 2020 fell 6.3% on the year to a…
Read moreCO2 set to extend bullish trend in near term
(Montel) EUAs are likely to test higher levels over the coming week as traders ignore recent bearish fundamental…
Read moreNordic Q4 power hits new 3-mth low on heavy rain
(Montel) Nordic power contracts traded down across the board on Friday morning, with Q4 hitting a fresh…
Read moreFrench winter power sheds 10% on improved nuclear outlook
(Montel) French winter power contracts shed roughly 10% on Friday following the announcement from EDF revising up…
Read moreStrong wind, solar pressure German front-week power lower
(Montel) German power for delivery next week fell nearly 4% on Friday morning, with forecasts for strong wind…
Read moreMFT expands gas trading desk with five hires
(Montel) Danish trading firm MFT Energy has expanded its gas trading desk with five recent hires, of…
Read moreIndia coal imports may recover in fourth quarter
(Montel) India’s coal imports, which have slowed so far this year amid the coronavirus pandemic, may recover…
Read moreMacron set to replace energy minister in reshuffle
(Montel) French energy minister Elisabeth Borne is likely to be replaced in a government reshuffle announced on Friday,…
Read moreEDF increases 2020 nuclear output target to 315-325 TWh
(Montel) EDF revised upward its nuclear output target to 315-325 TWh in France this year, compared with…
Read moreFortum sells Finnish district heating business to consortium
(Montel) Fortum will sell its district heating business in the Finnish town of Jarvanpaa to a consortium led…
Read moreGermany set for 50 GW renewables on Monday – Ubimet
(Montel) Germany looks set to see more than 50 GW of renewable generation on Monday, followed by gradually…
Read moreOil falls as virus threatens to derail economic recovery
(Montel) Oil prices were falling on Friday as the resurgent coronavirus pandemic – with the US seeing a…
Read moreFront-year coal hits 3-month high
(Montel) European front-year coal prices hit their highest level in more than three months on Thursday amid…
Read moreFrance resumes Arenh talks with EC – ministry
(Montel) The French government has resumed talks with the European Commission on reform of Arenh, the regulation governing…
Read moreEUAs set for gains above EUR 29/t – technical analyst
(Montel) European carbon is likely to test highs above EUR 29/t as the current rally shows no signs…
Read moreNord Pool plans relaunch of financial power contracts – CEO
(Montel) Nordic power exchange Nord Pool plans to relaunch financial power contracts, though it is currently too early…
Read moreUkraine urges Slovakia to allow more flows
(Montel) Slovakia’s gas TSO Eustream should allow more flows to Ukraine via the Velke Kapusany link, the Gas…
Read moreASN to give EDF more time for emergency back-up at reactors
(Montel) France's ASN nuclear safety authority is set to extend until February EDF’s deadline to install emergency diesel…
Read morePortuguese H1 power demand slumps to 16-year low
(Montel) Portuguese power demand fell by 5.2% year on year to a 16-year low in the first…
Read moreRussian H1 coal railings fall to lowest level since 2016
(Montel) State-owned Russian Railways (RZD) handled 168m tonnes of coal in the first half of the year,…
Read moreUK spot gas prices fall on increased Norwegian flows
(Montel) UK day-ahead gas prices fell on Thursday amid a long system as the country expected robust…
Read moreNordic front-year power hits 2-week low on wet weather
(Montel) The Nordic front-year power contract hit a two-week low of EUR 23.90/MWh on Thursday amid a wet…
Read moreWeak demand pressures Asia-Pacific coal
(Montel) Asia-Pacific benchmark coal prices continued to ease this week amid still low regional demand and plentiful…
Read more15-min power trade products face “major delays” – exchanges
(Montel) European power exchanges urged stakeholders to focus on completing day-ahead market coupling across Europe before introducing…
Read moreOil prices extend gains as Opec-led production cuts bite
(Montel) Crude oil prices edged higher early on Thursday amid signs that Opec and its oil-producing allies are…
Read morePoland aims for 6 GW offshore wind by 2030
(Montel) Poland could have 5.9 GW of offshore wind by 2030 and up to 10 GW by 2035,…
Read moreGerman spot power eyes 12% drop as supply set to rise
(Montel) German day-ahead power looked set to fall around 12% on Thursday amid expectations of an increase in…
Read moreCoal, gas prices soften, carbon rally continues
(Montel) European coal and gas prices softened on Wednesday, while carbon soared to an 11-month high.…
Read moreEUAs rise briefly above EUR 28/t to near 1-year high
(Montel) EU carbon prices topped EUR 28/t for the first time since last August on Wednesday as buyers…
Read moreFrench nuclear output plunges 25% to record low in June
(Montel) French nuclear output hit a record low in June, plunging 25.5% year on year to 21.3 TWh,…
Read moreExtended US sanctions may scupper Nord Stream 2 – Germany
(Montel) US plans for wider ranging sanctions against all companies involved in the construction of the Nord…
Read moreGerman renewables hit record high 56% of power mix in H1
(Montel) German green energy sources contributed a record high share of 56% to the country’s power output in…
Read moreGerman Cal 21 power touches fresh 4-month high
(Montel) Germany’s benchmark power contract rose to a fresh four-month high on Wednesday, buoyed by rallying carbon prices…
Read moreS Africa coal exports recover from multi-year lows
(Montel) South Africa’s thermal coal exports in May recovered from the previous month’s multi-year lows amid a…
Read moreEUAs likely to test higher levels this month amid volatility
(Montel) EU carbon prices could extend their three-month rally into July as bullish technical factors show few signs…
Read moreNordic Q4 power slumps to 12-week low on wet outlook
(Montel) The Nordic power front-quarter contract fell on Wednesday morning, extending the previous day’s losses amid wet…
Read moreCoal likely to extend 3-month highs in July
(Montel) Atlantic basin coal prices will likely extend a three-month high in July thanks to supportive technical…
Read moreTTF spot may rise 12% in July as supply tightens
(Montel) Spot gas prices at Europe’s TTF hub looked set to rise 12% in July, extending last month’s…
Read moreSpain closes half coal fleet on green concerns, cheap gas
(Montel) Half of Spain's 10 GW of installed coal-fired generation capacity was formally disconnected at midnight on…
Read moreGerman spot power eyes 6-month high in July
(Montel) Germany's spot power price in this month could exceed EUR 35/MWh and average its highest level since…
Read moreGerman spot power set for 14% rise as wind output wanes
(Montel) German day-ahead power looked set to rise 14% on Wednesday amid expectations of a drop in…
Read moreOil rebounds after API sees big drop in US crude stockpiles
(Montel) Crude oil prices rose in early trading on Wednesday after US industry data in the previous session…
Read moreCarbon hits EUR 27.23 on continued rally
(Montel) Europe’s CO2 benchmark hit a nine-month high late in the session on Tuesday after several successful…
Read moreUkraine’s coal usage hits 40-year low
(Montel) Ukrainian coal consumption in January-May hit a 40-year low for the period amid a sharp decline…
Read moreGermany increases coal-to-gas subsidies under draft law
(Montel) Germany plans to increase proposed subsidies to encourage owners of newer combined heat and power plants (CHPs)…
Read moreAsset manager completes 45.8% stake purchase in MVV
(Montel) Global asset manager First State Investments has concluded the acquisition of 45.8% in German utility MVV…
Read moreNordic spot power to rise from record lows – analysts
(Montel) Nordic power spot prices should rise from current record lows next month on less inflow to hydropower…
Read moreUK Drax workers edge closer to strike after rejecting offer
(Montel) Workers at the UK’s largest power plant are edging closer to taking strike action after rejecting…
Read more15-minute power trade products by 2021 “unrealistic” – Epex
(Montel) European exchanges have dismissed as “unrealistic” plans to introduce 15-minute cross-border day-ahead and intraday power trading…
Read moreMonthly gas contracts follow carbon, oil lower
(Montel) Gas for August delivery in Europe traded lower on Tuesday, mirroring movements in the carbon and oil…
Read moreCoal prices to stay under pressure until year end – analysts
(Montel) Global coal prices will remain under pressure until the end of the year amid a persisting…
Read more4 GW of coal closures will take place this year – Germany
(Montel) Up to 4 GW of hard coal-fired plants will be closed in Germany this year, as the…
Read moreShell issues profit warning over gas trading on virus impact
(Montel) Anglo-Dutch energy firm Shell warned on Tuesday that its integrated gas trading and optimisation results were…
Read moreNordic Q4 power continues fall as wet outlook confirmed
(Montel) Nordic power futures continued their fall on Tuesday as wet weather forecasts were confirmed, leading to concerns…
Read moreEndesa plans 700 MW of green power at Spain coal plant site
(Montel) Spanish utility Endesa has announced plans to build a 700 MW solar and wind complex around…
Read moreNew renewables cheaper than 39% of existing coal – report
(Montel) It is cheaper to build new renewable capacity than to continue operating 39% of the world’s…
Read moreGerman spot power set to soar EUR 16 as wind wanes
(Montel) German day-ahead power looked set to jump around EUR 16 on Tuesday as forecasts suggested wind output…
Read moreOil falls on concerns fresh virus cases may dent recovery
(Montel) Oil prices were falling on Tuesday amid concerns fresh Covid-19 cases, particularly in the US, would hinder…
Read moreGerman cabinet agrees on final coal exit details
(Montel) Germany’s government has agreed on the final details for the country’s exit from coal-fired generation, paving the…
Read moreCO2 jumps more than EUR 1 to 6-month high
(Montel) European carbon prices rose almost 6%, or more than EUR 1.5, on Monday to reach a…
Read moreSpanish power demand to recover by year end – Alpiq
(Montel) Power demand in Spain could recover to pre-coronavirus levels by the end of the year, the…
Read moreGerman power rises as CO2 rally continues
(Montel) Germany’s benchmark Cal 21 power contract rose on Monday as carbon prices continued last week’s rally and…
Read moreCoal prices rise to fresh 3-month highs
(Montel) European front-quarter coal prices rose to fresh three-month highs in early Monday trading in line with…
Read moreNordic power front futures fall on wet weather outlook
(Montel) Nordic power futures fell on Monday amid relatively low spot prices and as fresh forecasts showed wet…
Read moreNegative UK spot power also dampens Dutch, Belgian prices
(Montel) UK baseload spot power prices settled in negative territory on Sunday amid low demand and high…
Read moreSpain LNG imports set to fall 8% in July – TSO
(Montel) Spanish LNG imports in July could decrease 8% year on year to nearly 25.9 TWh (2.3bcm),…
Read moreEDF to definitively close Fessenheim 2 reactor tonight
(Montel) EDF will definitively close its Fessenheim 2 (880 MW) reactor at 23:30 CET tonight as planned, after…
Read moreNord Pool to launch Polish intraday market on 25 August
(Montel) Power exchange Nord Pool will offer intraday trading and clearing of Polish power starting on 25 August,…
Read moreSwedish fund buys 30% of renewables developer OX2
(Montel) Swedish investment fund Altor has bought a 30% stake in renewable power developer OX2 for an undisclosed…
Read moreCrude oil prices drop on continuing demand concerns
(Montel) Oil prices fell early on Monday on continuing concerns about a delayed recovery in demand amid a…
Read moreGerman spot power eyes 48% crash on more wind
(Montel) German day-ahead power prices were on track to plummet below EUR 15/MWh on Monday as forecasters expected…
Read moreFront-year coal hits 3-month high
(Montel) European front-year coal prices hit three-month highs in Friday trading, buoyed by supportive technical signals, but…
Read moreGerman Cal 21 falls on lower carbon prices
(Montel) Germany’s benchmark power contract for next year edged down on Friday as carbon prices were lower, but…
Read moreCO2 set to remain around EUR 25/t level in near term
(Montel) EUAs are finely poised at around EUR 25/t and could consolidate in the coming days in the…
Read moreUnforeseen incidents behind low nuclear output – Vattenfall
(Montel) Sweden’s Vattenfall said on Friday several “unforeseen incidents” had led to a sharp drop in its nuclear…
Read moreNordic Q3 power rises on drier weather forecasts
(Montel) The Nordic front-quarter contract was rising on Friday on drier forecasts and a weaker hydrological balance…
Read moreGerman spot power eyes EUR 4 plunge next week on high wind
(Montel) The front-week German power contract plunged on Friday morning on wind forecasts of up to 35 GW,…
Read moreGerman EU presidency to seek clarity on climate goal
(Montel) Germany hopes to secure an agreement to sharpen the EU’s 2030 climate target during its upcoming EU…
Read moreOil rises with demand return as lockdowns eased globally
(Montel) Oil prices were rising on Friday amid returning demand as coronavirus lockdowns were eased, though this was…
Read moreCost of EDF’s new UK nuclear plant put at GBP 20bn – report
(Montel) The cost of EDF’s planned 3.2 GW nuclear plant – Sizewell C – in Suffolk in the…
Read moreCO2 retreats on renewed economic concerns
(Montel) European carbon prices eased on Thursday – after hitting a four-month high in the prior session…
Read moreGerman front-week power slides near EUR 1 on returning wind
(Montel) The German front-week power contract slid nearly EUR 1 on Thursday as forecasts indicated higher wind power…
Read moreSpain gas demand won’t see 2019 levels next year – analysts
(Montel) Gas demand in Spain is unlikely to recover to 2019 levels next year, as the nation’s…
Read moreGas prices retreat on ample supply, weak demand
(Montel) European gas prices fell amid oversupply and muted demand, with an expected reduction in LNG inflows…
Read moreUS “good choice” of partner for Polish nuclear – minister
(Montel) The US is a “very good choice” of partner to enable the planned development of Polish nuclear…
Read moreBelgian prosecutors step up Doel 4 sabotage probe
(Montel) Belgian federal prosecutors have stepped up an investigation into sabotage at the country’s Doel 4 reactor…
Read moreNordic power futures fall on rain, weaker carbon
(Montel) Nordic power futures fell on Thursday on the back of wetter weather forecasts and a weakening carbon…
Read moreS African coal miner Exxaro’s output falls 2% in H1
(Montel) One of South Africa’s largest coal producers, Exxaro, has estimated its thermal coal production and sales…
Read moreEU green limits won’t see early German coal exit – ministry
(Montel) Stricter EU limits on emissions from industrial units and power plants will not lead to an early…
Read moreEU energy demand to fall 10% in 2020 – IEA
(Montel) The Covid-19 pandemic and associated lockdowns will reduce 2020 EU energy demand by 10% from last…
Read moreGerman spot power eyes modest gain on less wind
(Montel) German day-ahead power looked set to edge higher on Thursday as forecasts suggested robust solar power generation…
Read moreOil prices slide below USD 40/bbl on renewed demand concerns
(Montel) Crude oil prices fell below USD 40/bbl early on Thursday, following a 5% drop in the previous…
Read moreCO2 prices extend four-month high
(Montel) Carbon prices extended the previous session’s rally on Wednesday as EUAs climbed to their highest level…
Read moreDisrupted S African coal line to fully reopen this evening
(Montel) South African rail operator Transnet Freight Rail (TFR) will reopen the second of two lines serving…
Read moreFrance’s power imports from UK jump amid supply shortfall
(Montel) France has become a net power importer from the UK this week amid low nuclear plant…
Read moreSpanish nuclear watchdog backs Vandellos (1 GW) extension
(Montel) The Spanish Nuclear Safety Council (CSN) supports extending the lifetime of the Vandellos II (1 GW)…
Read moreGerman onshore wind tender nearly 50% undersubscribed
(Montel) Germany’s energy regulator on Wednesday said the nation’s latest tender for onshore wind power was nearly…
Read moreGerman coal exit auction schedule may extend to 2027
(Montel) German tenders to phase out hard coal-fired capacity may extend by one year to 2027, with…
Read moreGerman front-year power pares gains as CO2 retreats
(Montel) The German benchmark front-year power contract was falling on Wednesday after six days of consecutive gains as…
Read moreFront-month gas prices retreat from 7-week highs
(Montel) European front-month gas prices reversed early gains on Wednesday as lingering concerns about oversupply countered hopes…
Read moreGerman cabinet approves details of coal plant closures
(Montel) Germany’s cabinet on Wednesday approved details of plans to close lignite-fired power plants as part of…
Read morePoland’s LNG terminal capacity to rise two-thirds to 8.3bcm
(Montel) Poland’s Swinoujscie LNG terminal will see its annual regasification capacity increase from 5bcm to 8.3bcm by the…
Read moreFortum needs to be more focused in wake of coronavirus – CEO
(Montel) Finnish utility Fortum – along with new German subsidiary Uniper – needed a more focused business portfolio…
Read moreS African coal rail line return delayed, industry in crisis
(Montel) The resumption of full operations for South Africa’s key rail route to the main coal export…
Read moreAcer urges binding powers on energy infrastructure projects
(Montel) EU regulatory agency Acer, backed by the Council of European Energy Regulators, has called for binding…
Read moreGlobal gas production to fall 2.6% in 2020 – consultancy
(Montel) Global gas output could fall 2.6% this year to 3,962bcm as the coronavirus significantly dents world…
Read moreFortum names Rauramo new CEO
(Montel) Finnish energy group Fortum has named current chief financial officer Markus Rauramo as new chief executive, effective…
Read moreOil prices fall on US stock build, negative sentiment
(Montel) Oil prices were falling on Wednesday, after hitting fresh three-month highs in the prior session, amid negative…
Read morePrice of new nuclear could more than halve in UK – report
(Montel) The price of new nuclear power stations in the UK could tumble from GBP 92.50/MWh for the…
Read moreNGOs launch legal challenge against French energy plan
(Montel) Greenpeace France and anti-nuclear group Sortir du Nucleaire have launched legal action against the government's multi-year energy…
Read moreCO2 eyes year high on economic boost
(Montel) Carbon prices surged to within sight of their highest level this year on Tuesday as a…
Read moreDeliveries to US LNG export hubs slump 60% – EIA
(Montel) Gas deliveries to US LNG export facilities have plunged around 60% from highs recorded in March…
Read moreEUAs to average EUR 31.71/t from 2021-30 – Ieta
(Montel) EUA prices will average EUR 31.71/t over phase 4 (2021-30) of the EU ETS, a survey of…
Read moreGerman gas plants still struggle despite improved margins
(Montel) Gas-fired power plants in Germany are still struggling to cover their costs even though rising CO2…
Read moreGerman auction model may deter offshore wind plans – experts
(Montel) Investors may build offshore wind facilities outside Germany if the country sticks to plans for a two-tiered…
Read moreSpain to launch new green tender later this year after delay
(Montel) The Spanish government has approved draft legislation to speed up the installation of new green capacity, with…
Read moreUK gas prices jump 6% on easing lockdown, outages
(Montel) UK front-month gas prices rose more than 6% in early trading as easing coronavirus-linked restrictions to…
Read moreNordic power edges up on lower hydropower supply
(Montel) Nordic power futures edged higher on Tuesday amid forecasts of warm, dry weather which continues to reduce…
Read moreEuropean power demand recovery plateaus – EQ
(Montel) European power consumption last week remained almost unchanged upon where it stood in mid-May, despite easing…
Read moreFinnish wind power developer WPD signs PPA with retail group
(Montel) Finnish wind power developer WPD has signed a power purchase agreement (PPA) with K group, which operates…
Read moreAxpo to manage Finnish 30 MW battery for energy storage
(Montel) Swiss energy group Axpo will oversee the market operations of a planned 30 MW battery for energy…
Read moreCO2 hits 4-month high above EUR 25/t on bullish sentiment
(Montel) EUAs rose above EUR 25/t for the first time in four months on Tuesday as speculative buying…
Read moreFortum criticises Swedish TSO over capacity issues
(Montel) Finnish utility Fortum has criticised Swedish TSO Svenska Kraftnat for failing to inform the market about capacity…
Read moreOil rises to 3-month highs on demand recovery hopes
(Montel) Oil prices rose to fresh three-month highs early on Tuesday amid hopes of a bounce in…
Read moreOnly 2 Belgian reactors fit for extensions – report
(Montel) Belgium’s Doel 4 and Tihange 3 reactors (1 GW each) are the only units fit to…
Read moreGerman spot power eyes EUR 1 rise on low wind, demand boost
(Montel) German day-ahead baseload power looked set to rise more than EUR 1 on Tuesday morning amid expectations…
Read moreAcer slams TSO proposal for long-term transmission rights
(Montel) EU regulatory agency Acer has slammed a TSO proposal for how to share costs and compensate…
Read morePoland expects LNG shipment on 3 July
(Montel) Poland is expecting an LNG tanker to arrive at the Swinoujscie terminal on 3 July, according to…
Read moreCO2 continues rise on EU recovery hopes
(Montel) Carbon prices rose on Monday as the market was driven by optimism about a European economic recovery…
Read moreSpot power prices in Sweden, Finland soar to year highs
(Montel) Spot power prices in two southern Swedish price zones and Finland soared by 25% day on day…
Read moreUK energy demand rises as lockdown eases – consultancy
(Montel) UK energy demand has increased in recent weeks amid the gradual lifting of lockdown restrictions, an…
Read moreStatkraft starts production from 184 MW Albania plant
(Montel) Statkraft has started commercial production at its 184 MW Moglice hydropower plant in Albania, the Norwegian utility…
Read moreFreight, limited supply to underpin coal prices
(Montel) European coal prices will likely remain firm this week as supportive signals from the freight market…
Read moreNordic power front year edges up on higher carbon price
(Montel) The Nordic power front-year contract edged up on Monday in line with higher carbon prices. …
Read moreGas curve falls as demand concerns persist
(Montel) Curve gas prices fell on Monday amid persisting concerns over demand amid an acceleration in coronavirus…
Read moreEuropean terminals expect 2.7bcm of LNG this week
(Montel) LNG vessel arrivals at key European destinations looked set to rise for the first time in…
Read moreSpain's industrial power demand on road to recovery – lobby
(Montel) Industrial power demand in Spain remains 15% below the level seen a year ago, although Spanish electricity…
Read more4 large industrials may miss Groningen gas switch deadline
(Montel) Four large industrial consumers in the Netherlands receiving gas from Groningen gas field could fail to…
Read moreDanish MPs agree 6.8 GW offshore wind hike by 2030
(Montel) Danish offshore wind capacity would increase by 6.8 GW in the next decade under a plan…
Read moreGerman spot power climbs with drop in wind
(Montel) German day-ahead power prices were on track to rise back above EUR 30/MWh on Monday as…
Read moreRussian Railways opens alternative route to coal export hub
(Montel) State-owned Russian Railways (RZD) has opened an alternative 5.7 kilometre route for railed coal shipments to…
Read moreCrude oil edges lower on lingering demand concerns
(Montel) Oil prices fell slightly early on Monday amid concerns about a rising rate of coronavirus infections which…
Read moreCarbon rallies, supports fuel gains
(Montel) Carbon looked set to close Friday around 11% higher on the week as it supported gains…
Read moreIberdrola plans 400 MW of solar near idled coal-fired unit
(Montel) Spanish utility Iberdrola will build a 400 MW photovoltaic plant near the recently closed Velilla coal-fired…
Read moreSpain to see 40C heat as power prices rise
(Montel) Spain will see temperatures soaring to 40C next week in some regions, national forecaster Aemet said…
Read moreGerman front-yr power hits EUR 40 for first time since March
(Montel) A surge in carbon prices sent Germany’s benchmark power contract above EUR 40/MWh on Friday for…
Read moreGermany to see normal wind, solar output next 4 weeks
(Montel) Germany will see normal wind levels and sunny, mostly warm weather for the next month, though wind…
Read moreIndian generators raise coal imports but demand muted
(Montel) Coal imports by Indian utilities in May jumped 34% from the previous month’s multi-year lows but…
Read moreEUAs set to move higher on reform speculation
(Montel) EUAs may reach for further highs in the coming week as speculative buying combined with bullish technical…
Read moreNorway tightens onshore wind power rules amid protests
(Montel) The Norwegian energy ministry proposed several measures on Friday aimed at tightening licencing rules for onshore wind…
Read moreGermany cuts remaining solar, wind tender volumes for 2020
(Montel) Germany’s BNA network regulator said on Friday it has cut volumes for this year’s remaining solar and…
Read moreNordic spot power set to plumb fresh lows on snowmelt
(Montel) Nordic spot power prices could hit fresh record lows this weekend on sustained snowmelt, while futures contracts…
Read moreGerman spot power may extend 3-month high next week
(Montel) Spot power prices in Germany looked set to extend a three-month high next week amid low nuclear…
Read moreGermany set for 30 GW of solar, low wind next week – Ubimet
(Montel) Temperatures in Germany could soar up to 8C above normal next week with solar peaks climbing above…
Read moreGerman parliament votes to scrap 52 GW solar cap
(Montel) Germany’s parliament supported a motion by the government late on Thursday to scrap a cap on solar…
Read moreOil rallies as Opec pledges to stick to production cuts
(Montel) Oil prices rallied on Friday as producers’ cartel Opec has pledged to stick to production cuts to…
Read moreMSR reform essential to avoid CO2 price at EUR 5/t – analyst
(Montel) Reform of the market stability reserve (MSR) is essential if the EU ETS is to avoid prices…
Read moreCoal tracks gains on wider energy complex
(Montel) The European coal market edged up in line with related markets in Thursday trading but otherwise…
Read moreCO2 tops EUR 24/t on economic recovery hopes
(Montel) EUAs broke through key technical resistance levels and topped EUR 24/t – a three-month high – in…
Read moreDerailment halts deliveries to S Africa coal export hub
(Montel) A train derailment close to South Africa’s main coal export hub of Richards Bay has halted…
Read moreUse GOs to stimulate demand for hydrogen – energy majors
(Montel) The European Commission should extend the guarantees of origin (GOs) system to include low carbon gases…
Read moreUK ETS prices may start off lower than EU – economist
(Montel) Emission allowance prices in a UK trading system are likely to be lower than their EU…
Read morePoland confirms plan to acquire coal-fired assets
(Montel) Poland is working on a plan to create a company that will acquire the country’s coal-fired power…
Read moreGerman power rises on stronger carbon, low wind outlook
(Montel) German power prices booked gains along the curve on Thursday, as strong carbon prices and a bleak…
Read moreBelgian power demand nears pre-coronavirus levels – TSO
(Montel) Belgian electricity consumption was “gradually reaching normal levels” with demand currently 5% below the five-year average,…
Read moreGas prices rise on improving generation prospects
(Montel) European front-month gas prices rose on Thursday on the back of higher carbon prices, which would further…
Read moreBerlin shuns minimum trading capacity calls for Nordlink
(Montel) Germany will not guarantee any trading capacity on the new 1.4 GW Nordlink cable to Norway…
Read moreNewcastle coal index surrenders May’s gains
(Montel) Asia’s benchmark coal price has yielded almost all of last month’s recovery from a four-year low…
Read moreRussian coal exports to Europe via Riga plunge 64%
(Montel) Russian coal exports to Europe via Riga in Latvia plunged 64% on the year in May…
Read moreNordic power falls EUR 1 on “very bearish” weather outlook
(Montel) Nordic power contracts near delivery were trading EUR 1.05 lower on Thursday amid significantly wetter and windier…
Read moreFocusEconomics revises down 2020 coal price 0.8%
(Montel) Economic analysis firm FocusEconomics has revised down its forecast for benchmark Australian coal prices this year…
Read morePGE mulls 200 MW green capacity at EU’s biggest coal plant
(Montel) Poland's PGE is looking to build 200 MW of wind and solar power capacity near its Belchatow…
Read moreOil prices soften after US crude inventories hit fresh high
(Montel) Oil prices drifted lower in early Thursday trading after official US data the previous session showed the…
Read moreFrench rail firm SNCF signs PPA for 40 MW solar park
(Montel) French rail firm SNCF’s energy subsidiary has signed a power purchase agreement (PPA) with developer Res…
Read moreGerman spot power eyes 6% drop on more wind, solar output
(Montel) German day-ahead power looked set to fall nearly EUR 2 on Thursday as wind generation and…
Read moreCO2 corrects down on bearish outlook
(Montel) Carbon prices eased on Wednesday, pressurised by weakness in the oil and equity markets, after trading…
Read moreGerman firms may add 134 GW of capacity by 2030 – BDEW
(Montel) Germany’s energy sector could add 117 GW of renewables and 17 GW of combined heat and power…
Read moreDry freight index surges to 6-month high
(Montel) The Baltic Dry Index (BDI) has more than doubled since the start of the month to…
Read moreIberdrola agrees 540 GWh/year supply deal with Vodafone
(Montel) Spanish utility Iberdrola will supply telecoms giant Vodafone with 540 GWh/year of power from renewable sources…
Read moreEU nations to cut length of reserve windows – German TSOs
(Montel) Central and western European countries will cut the length of bidding periods in a power reserve market…
Read moreGerman power flat as bearish CO2 offsets recovery hopes
(Montel) The front-year power contract remained range-bound on Wednesday, caught between some positive signs from financial markets…
Read moreCoal returns to UK mix after 2-month hiatus
(Montel) Coal-fired generation has made a tentative return to the UK power mix, after a hiatus of…
Read morePrompt gas falls as Norway supply ramps up
(Montel) European prompt gas prices fell on Wednesday as piped supply from Norway jumped to its highest level…
Read moreGrowth in global energy use slows in 2019 – BP
(Montel) Global primary energy use climbed by just 1.3% last year, less than half the previous year’s…
Read moreNordic power futures fall on wetter weather outlook
(Montel) Nordic power contracts close to delivery traded down on Wednesday morning, in response to wetter weather…
Read moreAgder Energi attacks "scandalous" German import restrictions
(Montel) Norway’s Agder Energi dubbed potential German import limitations set to last five years on the new 1.4…
Read moreRussian coal output slumps to 4-year low
(Montel) Russian coal production declined 14% year on year in May to a four-year low of 1m…
Read moreGerman spot power set to ease from 2-month high
(Montel) German day-ahead power prices were on track on Wednesday to fall from some of their highest…
Read moreOil prices retreat on US inventories, new virus cases
(Montel) Oil prices drifted lower early on Wednesday amid concerns about a further rise in US crude…
Read moreCoal gains on bullish energy complex
(Montel) European coal prices gained on Tuesday as the market gathered support from the momentum seen in prompt…
Read moreRinghals awaits watchdog green light for reactor 3 restart
(Montel) Swedish nuclear power plant operator Ringhals is awaiting the go-ahead from the nation’s nuclear safety authority SSM…
Read moreGerman Cal 21 power climbs 3% to one-week high
(Montel) Germany’s benchmark power contract stood around 3% higher in midday trading on Tuesday, taking a cue from…
Read moreHard-coal plants less competitive amid lower use – experts
(Montel) A decline in operating hours for German hard coal-fired power plants is making them even less competitive…
Read moreOTC gas trading volumes drop 6% in May – Leba
(Montel) Traded gas volumes in European brokered markets declined 6.2% on the year in May to 2,527…
Read morePoland to almost double solar capacity in 2020 – institute
(Montel) Poland's solar capacity will almost double this year to 2.5 GW, the Warsaw-based Institute for Renewable Energy…
Read moreIndonesia’s April coal exports drop to 2-year low
(Montel) Indonesia’s thermal coal exports fell 18% on the year in April to a near two-year low…
Read moreOffshore wind hubs may curb Nordic power exports – analysts
(Montel) Plans to build a series of offshore wind power hubs in the Baltic and North seas may…
Read moreSpot gas prices rise amid less LNG, low wind
(Montel) Spot gas prices in the UK and the Netherlands rose on Tuesday amid lower LNG supply and…
Read more1 GW Datteln 4 bucks the trend in German coal-burn slump
(Montel) Germany’s new 1 GW hard coal-fired plant Datteln 4 accounted for up to 44% of the nation’s…
Read moreFrench power to hold hefty premiums to neighbours – traders
(Montel) French power winter contracts are likely to sustain hefty price premiums to bordering countries for the…
Read moreIEA expects oil demand recovery in 2021 after record drop
(Montel) Global demand for oil will recover by 5.7m bbl/day in 2021, following a record drop of 8.1m…
Read moreAlternative Murmansk coal rail route to open next week
(Montel) State-owned Russian Railways (RZD) is on schedule to bring online an alternative route for railed coal…
Read moreGerman spot power climbs amid outage, low wind
(Montel) German day-ahead power prices climbed on Tuesday morning after RWE announced an outage at a 1.1…
Read moreWorld “deluding” itself as green share just 11% – report
(Montel) The world was “deluding” itself in terms of preventing climate change, with renewables only making up…
Read moreOil rises on glimmer of hope over returning demand
(Montel) Oil prices were rising on Tuesday as the focus returned to supply-demand fundamentals, with suggestions demand was…
Read morePoulsen resigns as Orsted CEO but to remain until Feb
(Montel) Henrik Poulsen has resigned as CEO of Danish utility Orsted but will stay in post until the…
Read moreFears of 2nd wave weigh on energy curve
(Montel) Curve contracts for energy commodities looked set to extend last week’s losses on Monday after global equities…
Read moreAlpiq urges hydro subsidies to boost Swiss supply security
(Montel) The Swiss government should implement a subsidy scheme to ensure hydropower production remained the “backbone” of supply…
Read moreCheaper German gas outpaces lignite as CO2 price bites
(Montel) German gas plants have produced more power than lignite units in the past four weeks, as cheaper…
Read moreRepsol to invest EUR 80m in hydrogen and biogas plants
(Montel) Spanish oil company Repsol will invest around EUR 80m to reduce its carbon footprint by building…
Read moreGerman Cal 21 hits 11-day low as mood sours
(Montel) Germany’s benchmark power contract fell to an 11-day low on Monday, driven by similar losses in the…
Read moreChinese coal output slows in May
(Montel) An expansion in Chinese coal output slowed last month, though the world’s largest coal consumer still…
Read more7 countries urge 2030 EU-wide target for “green” hydrogen
(Montel) Energy ministers from Austria, Belgium, France, Germany, Luxembourg, the Netherlands and Switzerland on Monday urged the…
Read morePolish power demand falls 9% in May – TSO
(Montel) Poland’s power consumption fell 9% year on year in May to 12.5 TWh amid lockdown measures aimed…
Read moreGazprom agrees USD 1.5bn arbitration payment – PGNiG
(Montel) Russia’s Gazprom has agreed to pay Polish firm PGNiG USD 1.5bn to settle a gas pricing dispute,…
Read moreTTF gas extends gains amid flagging LNG, wind supply
(Montel) Front-month TTF gas prices extended gains for a third consecutive session on Monday amid flagging supply…
Read moreCoal prices track related markets higher
(Montel) European coal prices tracked related markets higher in early Monday trading, with further modest gains expected…
Read moreNordic power softens on wetter outlook, virus concerns
(Montel) Nordic power contracts close to delivery fell on Monday amid wetter forecasts and due to concerns of…
Read moreCovid-19 begins to curb Australian LNG exports – report
(Montel) Australian LNG producers have begun to feel the impact of slumping demand among key Asian buyers…
Read moreOil prices fall on fresh coronavirus fears
(Montel) Oil prices fell early on Monday amid concerns about new outbreaks of the coronavirus in China and…
Read moreGerman spot power eyes 15-week high on wind lull
(Montel) German day-ahead power prices looked set to jump more than 20% to a 15-week high as forecasts…
Read moreNew Nord Stream 2 sanctions "serious interference" – Berlin
(Montel) Germany’s foreign ministry has called US plans for wider-ranging sanctions on Russia’s Nord Stream 2 gas pipeline…
Read moreCoal rises amid higher gas and oil
(Montel) European coal prices rose on Friday, driven by higher gas and oil prices and a technical recovery.…
Read moreGerman Cal 21 edges up on higher carbon
(Montel) Germany’s benchmark power contract for next year edged up on Friday with carbon being the main…
Read moreNewcastle coal exports fall 12% in May
(Montel) Coal exports from the key Australian export port of Newcastle fell 12.2% on the year to…
Read moreEUAs set to slip on macroeconomic concerns
(Montel) European carbon prices were set to slip to the lower end of the recent EUR 21-25/t range…
Read moreNordic spot power hits new low amid sustained snowmelt
(Montel) The Nordic system price hit a fresh record low of EUR 1.48/MWh for Saturday due to sustained…
Read moreGas prices gain amid demand hopes, low wind
(Montel) Gas prices across Europe rose on Friday amid hopes around a recovery in demand as coronavirus lockdowns…
Read morePorts offer alternative routes for disrupted Russian coal
(Montel) Russia’s largest coal exporter Suek should be able to secure alternative port capacity for more than…
Read moreBerlin aims to pass coal exit law before 4 July – sources
(Montel) Germany’s coalition parties are likely to bring the country’s coal exit law through parliament before 4 July,…
Read moreFrench energy union urges workers to join Tuesday strike
(Montel) France’s CGT power workers’ union on Friday urged its members to take part in a national strike…
Read moreGermany to see low wind, solar next 4 weeks
(Montel) Temperatures in Germany are set to remain normal to slightly warmer than average over the next…
Read moreGerman front-week power eyes 3-month high
(Montel) German spot power prices look set to average some of their highest levels since late March…
Read moreGerman solar may reach peaks of 25 GW next week – Ubimet
(Montel) German temperatures should end their recent cool spell over the coming days as solar peaks climb…
Read moreOil continues fall on growing fears of coronavirus 2nd wave
(Montel) Oil prices fell on Friday for the second consecutive day amid fears of a second wave of…
Read moreFrench power demand needs should be met this winter – TSO
(Montel) French power demand will be met “without any difficulty” this winter provided temperatures are close to seasonal…
Read moreCoal slides with oil, bearish fundamentals
(Montel) European coal prices continued to slide in Thursday trading as a sharp drop in oil prices…
Read moreNordic power price spreads may widen to EUR 20 – Afry
(Montel) Power price spreads between different bidding zones in the Nordic market could widen to EUR 20/MWh on…
Read moreGerman front-year power falls on negative sentiment
(Montel) The German front-year power contract fell on Thursday in line with weaker carbon prices and negative…
Read moreBritain becomes Europe’s 2nd highest wind power producer
(Montel) Britain has overtaken Spain to become Europe’s second highest producer of wind power, taking a 12.2%…
Read moreGas prices trade flat though oversupply persists
(Montel) European prompt and curve gas prices traded sideways on Thursday, though they continued to face bearish…
Read moreEneco signs 15-year onshore wind PPA with Dutch developer
(Montel) Dutch utility Eneco signed a 15-year power purchase agreement (PPA) with developer Swifterwint for up to…
Read moreNordic July, Q3 power drop on wetter weather outlook
(Montel) Nordic power contracts close to delivery traded down Thursday morning on wetter weather forecasts, while a…
Read moreSpain summer power to be “significantly depressed” – analyst
(Montel) Spanish power prices will be “significantly depressed” this summer, with Q3 spot set to average below EUR…
Read moreAsia-Pacific coal prices slide to 3-week low
(Montel) Asia-Pacific benchmark coal prices have fallen to a three-week low amid sluggish demand, low gas prices…
Read moreGerman spot power eyes near EUR 2 drop on wind, solar surge
(Montel) German day-ahead baseload power looks set to fall nearly EUR 2 amid forecasts of a surge in…
Read moreOil prices slump as US inventories climb to record high
(Montel) Oil prices traded more than 3% lower early on Thursday amid renewed concerns about flagging global demand…
Read moreEnergy complex falls amid excess supply
(Montel) Energy commodities fell across the board on Wednesday amid pressure from weaker oil prices, concerns a…
Read moreFrench nuclear watchdog demands EDF fix faults at 5 reactors
(Montel) France's nuclear safety authority has served EDF with a formal notice to repair deviations and reinforce five…
Read moreGas prices continue fall on oversupply, low demand
(Montel) Gas prices in the UK and on the continent fell across the curve on Wednesday as oversupply…
Read moreGerman cabinet agrees hydrogen plan, targets 5 GW by 2030
(Montel) German cabinet ministers on Wednesday agreed to a plan to develop 5 GW of electrolysis capacity…
Read moreGazprom sells record 0.55bcm via electronic platform
(Montel) Russian gas giant Gazprom sold 551mcm of natural gas via its electronic sales platform (ESP) on Tuesday,…
Read moreVirus to cut coal demand 9% this year – mining association
(Montel) The Covid-19 pandemic will result in a reduction of at least 9% in global seaborne thermal…
Read moreNordic power slides amid weaker fuels, carbon prices
(Montel) Nordic power prices slipped in early trading on Wednesday, taking a cue from flagging fuels, carbon and…
Read moreEIA revises up 2020 US coal production outlook 1.4%
(Montel) The US Energy Information Administration (EIA) has revised up this year’s coal production outlook 1.4% from…
Read moreGerman spot power set for 20% drop on more wind, low demand
(Montel) German day-ahead baseload power looked set to fall around 20% on Wednesday amid forecasts for more wind…
Read moreOil prices dip after API reports US crude stockpile surge
(Montel) Oil prices traded lower early on Wednesday after the American Petroleum Institute – an industry group –…
Read moreGas eyes largest ever demand shock this year – IEA
(Montel) Global gas demand is set to fall by 150bcm, or 4%, this year in its biggest…
Read moreUK likely to remain coal free until winter – analysts
(Montel) As the UK approaches two months without coal-fired generation, analysts told Montel on Tuesday the fuel…
Read moreGerman CO2 pricing scheme "unconstitutional" – opposition
(Montel) A German carbon pricing scheme for the heat and transport sectors that is to start next…
Read morePoland should expand wind by 80 GW by 2050 – McKinsey
(Montel) Poland should massively expand its wind and solar power capacity to replace its coal-fired fleet in order…
Read moreGerman Cal 21 power falters amid economy concerns
(Montel) Germany’s benchmark power price eased on Tuesday amid bearish sentiment after the EU’s biggest economy reported that…
Read moreFonnes buys 51 MW onshore wind capacity in Poland
(Montel) Cyprus-based developer Solaque Holding has sold two onshore wind farms in Poland totalling 51 MW to Finland's…
Read moreTSE to replace coal at 145 MW Finnish unit
(Montel) Finnish power plant operator TSE will replace coal as fuel at its 145 MW Naantali unit by…
Read moreNeoen to build largest battery storage unit in Nordics
(Montel) French renewable energy developer Neoen will build a 30 MW battery storage facility in Lappeenranta, southeastern Finland,…
Read moreUK Drax workers will vote this month on strike in summer
(Montel) Workers at the UK’s largest power plant will vote this month on potentially taking strike action…
Read moreNBP prompt prices slide despite cut to Norway gas flows
(Montel) The UK’s NBP spot and front month contracts traded lower on Tuesday amid ample energy supply…
Read moreEU, Med coal imports may plunge 40% in 2020 – analyst
(Montel) Combined European and Mediterranean thermal coal imports could plunge 40% to a record low of 42.8m…
Read moreNordic front power continues rise as dry outlook confirmed
(Montel) Nordic power contracts close to delivery rose in early trading on Tuesday amid the latest weather forecasts…
Read moreFrance allocates 152 MW of solar at EUR 83-94/MWh
(Montel) France's energy ministry has allocated 152 MW of solar capacity to 306 projects at an average price…
Read moreGerman spot power to soften with more wind
(Montel) German day-ahead power prices fell on Tuesday morning as forecasters tipped wind output to potentially climb…
Read moreOil rises on growing confidence in recovery in wake of virus
(Montel) Oil prices rose on Tuesday as stock markets rallied amid growing confidence in a global recovery in…
Read moreCO2 retreats from 3-mth high on negative sentiment
(Montel) European carbon prices hit a fresh three-month high earlier on Monday, though they faded throughout the…
Read moreToo early to know if probe will delay Flamanville – IRSN
(Montel) It is "too early" to know whether France’s new generation European pressurised reactor (EPR) at Flamanville faces…
Read moreCoal stocks at EU terminals ease to 3-week low
(Montel) Combined coal inventories at four key northwest European dry bulk terminals eased 1.5% on the week…
Read moreMore wind, hydro supply to pressure Spanish spot power
(Montel) Spanish spot power prices could ease this week as forecasts on Monday suggested more supply from wind…
Read moreAmple supply, full stocks continue to curb gas prices
(Montel) European gas prices showed no clear direction on Monday, remaining range-bound amid ample supply and full…
Read moreSlack demand to cap coal gains
(Montel) European coal prices will remain supported this week amid lingering concerns about Russian near-term supply, although…
Read moreSpain’s Acciona signs 100 GWh/year green PPA with Telefonica
(Montel) Spanish energy and infrastructure group Acciona has signed a 10-year power purchase agreement (PPA) with telecom…
Read moreCleared European coal futures hit 6.5-year low – broker
(Montel) European coal futures volumes cleared on the UK’s Ice exchange fell to near 6.5-year lows in…
Read morePolish coal producers to halt 12 mines due to virus
(Montel) Poland's largest coal producer PGG will halt 10 mines and its competitor JSW another two mines for…
Read moreNordic Q3 power jumps EUR 2.45 to 3.5-month high
(Montel) The Nordic Q3 contract jumped more than 21% on Monday to a 3.5-month high of EUR 13.95/MWh,…
Read moreEuropean LNG terminals expect 1.63bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 1.63bcm this week, potentially bringing imports since…
Read moreAxpo hedges 99% of 2021-22 production at EUR 44.30/MWh
(Montel) Swiss utility Axpo hedged 99% of its baseload power for its fiscal year 2021-22 at an average…
Read moreAxpo posts record trading result amid net loss
(Montel) Swiss utility Axpo posted record trading earnings of CHF 228m (EUR 209.5m) for its fiscal first…
Read moreGerman spot power eyes 3-month high on low renewables
(Montel) German day-ahead power prices looked set to jump nearly 14% to a three-month high on Monday as…
Read moreOil prices gain on production cut agreement
(Montel) Oil prices traded at fresh three-month highs early on Monday after the Opec+ group of crude…
Read moreOpec, allies agree to extend record output cut to July
(Montel) Opec and its oil-producing allies agreed on Saturday to extend their record production curbs – equivalent to…
Read morePPAs may recover by end of year from virus slump
(Montel) The European market for renewables power purchase agreements (PPAs) could regain by the end of the year…
Read moreOil hits 3-month high as Opec set to extend output cuts
(Montel) Oil prices jumped around 5% to fresh three-month highs on Friday amid reports that Opec and its…
Read moreGerman Cal 21 hits 7-week high on fuel, carbon
(Montel) The German benchmark power contract climbed to its highest level in seven weeks on Friday amid rising…
Read moreCarbon to track energy prices higher next week
(Montel) EUAs are likely to continue testing the upside next week amid a strong rally in the energy…
Read moreRussia’s largest coal exporter declares force majeure
(Montel) Russia’s largest coal exporter Suek has declared force majeure on exports from the port of Murmansk,…
Read moreGermany to see low wind, strong solar output next 4 weeks
(Montel) Germany will see relatively low wind power generation over the next four weeks, while periods of warm…
Read moreNordic power curve rises on dry outlook, stronger fuels
(Montel) Nordic power contracts were trading at multi-week highs on Friday amid a drier weather outlook and a…
Read moreIberdrola launches 111 MW onshore wind farm in Spain
(Montel) Iberdrola completed the construction of a 111 MW onshore wind energy complex in the northern region…
Read moreEU bidding zone split would ease bottlenecks – consultant
(Montel) Splitting Europe's power price areas would ease grid bottlenecks, increase volumes available to spot markets and…
Read moreCovid-19 to hasten coal-fired power’s decline – analyst
(Montel) Lower demand and the push for green stimulus amid the Covid-19 crisis are likely to accelerate…
Read moreGerman spot power eyes EUR 7 rise on less wind, heat
(Montel) Spot power prices for next week in Germany rose on Friday morning to a premium of more…
Read moreOil prices range-bound amid Opec extension cut doubts
(Montel) Oil prices were range-bound on Friday as Opec was still failing to reach a consensus around extending…
Read moreUS senators propose more sanctions on Nord Stream 2
(Montel) A cross-party group of US senators introduced a bill late on Thursday intended to increase the scope…
Read moreBearish fundamentals dampen CO2 prices
(Montel) European carbon prices traded broadly sideways in Thursday’s session, with bearish fundamentals such as soft demand…
Read moreVattenfall to build world’s largest wind farm (1.5 GW)
(Montel) Swedish utility Vattenfall on Thursday said it has reached a final investment decision to build the 1,500…
Read moreAnalysts fear virus 2nd wave would crush French supply
(Montel) A second wave of the Covid-19 pandemic in autumn would be “devastating” for France's already stretched power…
Read moreEUAs to fall as far as EUR 15/t on oversupply – bank
(Montel) One of the most bullish observers of carbon prices in recent years, Berenberg Bank’s Lawson Steele,…
Read moreGerman power jumps 7% on low renewables, more demand
(Montel) Germany’s front-week power contract rose 7% on Thursday on the back of forecasts showing low wind power…
Read moreSafety valve checks won’t delay Flamanville start-up – EDF
(Montel) French utility EDF will inspect safety valves at its under construction new generation European pressurised reactor (EPR)…
Read moreEC to decide by August on Belgian capacity scheme – official
(Montel) The European Commission (EC) will likely decide by August whether to approve the Belgian capacity mechanism,…
Read moreGazprom’s May gas sales rise 6% to 2.6bcm
(Montel) Russian energy company Gazprom sold about 2.6bcm of gas via its electronic sales platform (ESP) in May,…
Read moreGreenalia eyes 50 MW floating wind in Spain’s Canary Islands
(Montel) Spanish energy company Greenalia aims to build 50 MW in floating offshore wind capacity near the…
Read moreRain, snowmelt to further curb Nordic spot prices
(Montel) Nordic spot power prices were set to come under more bearish pressure over the next few days…
Read morePhysical coal prices jump 15% on Russia supply concerns
(Montel) European physical coal prices have surged 15% over the past week as traders sought to replace…
Read moreEnea, Iberdrola plan 3.3 GW Baltic offshore wind capacity
(Montel) Poland's Enea and Spain's Iberdrola signed a letter of intent to build 3.3 GW of offshore wind…
Read moreStatkraft signs 50 MW solar PPA in Spain
(Montel) Norway's Stakraft and solar firm Sonnedix have signed a 10-year power purchase agreement (PPA) for the…
Read moreOil slips on demand concerns, Opec cut extension doubts
(Montel) Oil prices slipped in early Thursday trading, retreating from three-month highs reached the previous session, amid renewed…
Read moreTotal takes 51% stake in UK offshore wind farm
(Montel) Total has acquired a 51% stake in the 1,140 MW Seagreen 1 offshore wind farm project in…
Read moreGerman spot power eyes 13% drop on more wind, lower exports
(Montel) German day-ahead power looked set to fall 13% on Thursday as forecasts pointed to more power…
Read moreGermany to cap green levy at EUR 65/MWh in 2021
(Montel) Germany’s levy to finance its green transition will be capped at EUR 65/MWh in order to alleviate…
Read morePeaking fossil fuel demand a risk to world economy – report
(Montel) Falling fossil fuel demand and rising investment risks from climate commitments were likely to slash the…
Read moreGermany looks to build 5 GW green hydrogen capacity by 2030
(Montel) The German government has called on industry to build 5 GW of hydrogen production capacity by…
Read moreCO2 retreats from 6-week high on weak auction
(Montel) The benchmark European carbon contract fell from a six-week high in early trade on Wednesday following a…
Read moreRussian coal shipments to Murmansk to resume 23 June
(Montel) State-owned Russian Railways (RZD) will resume coal shipments to the country’s key western export port of…
Read moreGerman weekend prices jump 42% on lower wind power output
(Montel) German power for delivery this weekend rose 42% on Wednesday amid lower wind power expectations, while the…
Read moreNordic spot power beats expectations, area prices diverge
(Montel) The Nordic system price for Thursday turned out more than EUR 1 above expectations but area price…
Read moreGerman cabinet approves new offshore wind targets
(Montel) The German government on Wednesday agreed to raise the offshore wind output target for 2030, set up…
Read moreFrench reservoir levels to hit historical high in July – EQ
(Montel) France’s reservoir levels look set to hit historical highs of 90-95% in July, which should “moderately” offset…
Read moreTTF gas set for fresh June lows but easing lockdown may help
(Montel) Gas prices on the Dutch TTF hub are set to hit fresh lows this month on oversupply,…
Read moreCO2 prices may return to pre-coronavirus levels this month
(Montel) The European carbon market stood poised to challenge a key resistance threshold in the coming weeks…
Read moreRussian bridge collapse may erode EU coal stocks – analysts
(Montel) Reduced coal exports from Russia’s key western port of Murmansk, after a bridge collapse severed rail…
Read moreNo further changes to 2020-21 reactor outage schedules – EDF
(Montel) There will be no major changes to EDF’s nuclear reactor outage schedules for the remainder of this…
Read moreHalf US LNG exports to EU to be cancelled – Energy Aspects
(Montel) Around half of US LNG cargoes expected in European ports this summer could be cancelled due…
Read moreSurplus supply, weak demand to limit coal price gains
(Montel) Surplus supply and weak demand will continue to plague the Atlantic basin coal market this month,…
Read morePoland launches proceedings against Gazprom over Nord Stream
(Montel) Poland’s competition watchdog UOKiK has initiated proceedings against Russian gas monopoly Gazprom for a lack of cooperation…
Read moreEDF cancels supply contracts with Total, Gazel and Alpiq
(Montel) French utility EDF has cancelled its nuclear supply contracts with Total Direct Energie, Alpiq and Gazel following…
Read moreGazprom appeals arbitration ruling on gas deal – PGNiG
(Montel) Russia’s Gazprom has challenged an international arbitration court ruling in favour of Poland's gas monopoly PGNiG to…
Read moreGerman spot power eyes 17% drop as wind output climbs
(Montel) German day-ahead baseload power looked set to fall nearly EUR 5, or 17%, on Wednesday as forecasts…
Read moreBrent crude rises to near 3-month high above USD 40
(Montel) Brent crude prices traded near a three-month high early on Wednesday, buoyed by expectations that Opec and…
Read moreGerman spot power set to remain below EUR 20 this month
(Montel) Germany's spot power price in June could deliver below EUR 20 for a third consecutive month,…
Read moreCoal prices hit multi-week high on supply disruption
(Montel) European coal prices rallied on Tuesday on the back of supply disruptions reported in Russia, with contracts…
Read moreCoal stocks at EU terminals drop 4% on week
(Montel) Combined coal inventories at four key northwest European dry bulk terminals declined nearly 4% on the…
Read moreNordic spot power may test fresh record low in June
(Montel) Nordic power spot prices looked set to test a fresh record low in June, with market…
Read moreGerman Cal 21 power gains on stronger coal, CO2
(Montel) Germany’s benchmark power contract rose to its highest point in almost a week as it followed a…
Read moreEDF finally begins building 500 MW offshore wind farm
(Montel) EDF Renewables and partners Enbridge and WPD have started construction of a 497 MW wind farm off…
Read moreRussian coal production plunges to near 4-year low
(Montel) Russian coal production fell 13.5% on the year to a near four-year low in May, provisional…
Read moreGlobal LNG demand to fall in summer on pandemic – WoodMac
(Montel) Global LNG demand will contract this summer mostly due to a slump in Asia amid the…
Read morePower consumption recovery falters – EQ
(Montel) A recovery in European power consumption that has been underway since early April thanks to easing…
Read moreNordic Q3 power drops slightly on wet outlook
(Montel) Most Nordic power contracts eased in early trading on Tuesday, in response to forecasts for wetter weather…
Read moreGerman solar, wind capacity expands 484 MW in April
(Montel) Germany added 78.6 MW of onshore wind power capacity and 379.6 MW of solar in April, data…
Read moreRussian bridge collapse halts coal railings to key port
(Montel) A bridge collapse has halted Russian coal railings to the key western export hub of Murmansk,…
Read moreGerman day-ahead power set to ease, imports rise
(Montel) German day-ahead power prices were set to ease on Tuesday despite forecasts of declining solar output,…
Read moreGerman power hits trough of EUR -48 over long weekend
(Montel) German hourly power prices hit a trough of EUR-48.17/MWh on Monday as sunny weather combined with…
Read moreEDF’s new UK nuclear plan under intense scrutiny – report
(Montel) French utility EDF’s plan to build a 3.2 GW nuclear plant along with China’s CGN at Sizewell…
Read moreOil prices rise as hopes of Opec cut extension grow
(Montel) Oil prices rose on Tuesday as hopes grew of Opec+ extending its existing production cut deal to…
Read moreUK plans for domestic ETS underway – government
(Montel) The UK government has confirmed its intention to establish an emissions trading system from 2021 that could…
Read moreCarbon slips 2% on profit-taking
(Montel) Carbon prices dropped 2% on Monday as thin trading activity amid a public holiday across Europe…
Read moreIberian power could average EUR 30 in 2021 – analysts
(Montel) Iberian power prices could average between EUR 30-40/MWh next year as more renewable generation offsets a…
Read moreUK biomass, solar output hit record highs in May
(Montel) Biomass-fuelled power generation and solar in the UK accounted for record 8.7% and 9.4% shares of…
Read moreSpanish spot power to trade sideways as forwards slide
(Montel) Spanish spot power prices were set to trade sideways this week as rainfall and increased imports…
Read moreFrench nuclear output slumps to multi-year low in May
(Montel) French nuclear output hit its lowest point since 2012 in May, falling 22.4% year on year to…
Read moreGas prices drop on abundant supply as Yamal flows resume
(Montel) European prompt gas prices dropped on Monday amid robust supply after Russian flows via the Yamal-Europe…
Read moreS African coal rail operator postpones annual maintenance
(Montel) South African rail operator Transnet Freight Rail (TFR) has postponed its 2020 annual maintenance – which…
Read moreFront-year coal to remain around 4-year lows
(Montel) European front-year coal prices will likely remain around four-year lows this week as still weak gas…
Read moreEuropean LNG terminals expect 2.1bcm this week
(Montel) LNG vessel arrivals to key European destinations could total 2.1bcm this week, while initial data suggested…
Read moreEDF completes base of Hinkley Point unit 2 on time
(Montel) EDF workers have completed the base of the second reactor at Hinkley Point C nuclear plant in…
Read moreOil prices fall amid US unrest despite Opec output talk
(Montel) Oil prices fell early on Monday as riots in the US led to bearish sentiment, despite Opec…
Read moreGazprom restores gas flows to Europe over Yamal
(Montel) Gas flows on the Yamal-Europe pipeline resumed on Monday morning after a four-day stoppage, according to…
Read moreCoal little changed amid mixed signals
(Montel) Atlantic basin coal prices were little changed in Friday trading as some expectation of improved demand…
Read moreFrench PPAs set to double by mid-2021 – wind lobby
(Montel) Power purchase agreements (PPA) will double in France, to 1 GW by mid-2021, as businesses turn to…
Read moreLack of energy demand continues to curb CO2 prices
(Montel) EUAs will continue trading in their current EUR 19-22/t range over the coming week as market participants…
Read morePrice slump puts 4 GW of German wind at risk – analysts
(Montel) A coronavirus induced slump in power prices has rendered margins on German renewables production so bad…
Read moreGerman Cal 21 power edges up on stronger carbon
(Montel) The German benchmark Cal 21 power contract booked small gains on Friday morning as firm carbon prices…
Read moreCovid-19 transforms German power use pattern – traders
(Montel) Only three days a week can now be classed as peak power use in Germany amid the…
Read moreNordic power edges down as warm weather to speed thaw
(Montel) Nordic power contracts close to delivery were edging down on Friday as forecasts of warm weather…
Read moreGerman front-week power dives on bank holiday
(Montel) Spot power prices in Germany looked set to fall nearly EUR 3 below this week’s average…
Read moreTihange 1 outage extension due to tank failure – regulator
(Montel) An outage extension by almost six months to year end at Electrabel’s Belgian Tihange 1 reactor…
Read moreGerman temperatures to hit 28C with high solar – Ubimet
(Montel) Temperatures in Germany are set to soar next week, topping 28C in some parts of the country,…
Read moreOil falls as demand woes persist, trade tensions rise
(Montel) Oil fell on Friday with global demand still crimped as the coronavirus was yet to have peaked,…
Read moreCO2 extends losses on bearish technical signals
(Montel) European carbon prices extended recent losses on Thursday as the market remained pressured by bearish technical…
Read moreEU recovery fund to have little impact on ETS – analysts
(Montel) The EU’s recovery fund to help member states emerge from the current coronavirus crisis is unlikely to…
Read moreSpain to support power, gas retailers – experts
(Montel) The Spanish government looks set to keep power and gas retail firms afloat with state-backed financial packages,…
Read moreGerman Cal 21 falls on lower carbon, fuels
(Montel) Germany’s benchmark power contract for next year fell to its lowest level this week on Thursday on…
Read moreEDF must repair 100 welds before EPR start-up – ASN
(Montel) EDF must repair 100 welds at its under construction new generation European pressurised Reactor (EPR) at Flamanville…
Read moreFront-month gas firms on Russian curbs, weather
(Montel) The front-month gas contract on the Dutch TTF and the UK’s NBP hubs firmed on Thursday…
Read moreNordic power falls on “perfect storm” of rain, snowmelt
(Montel) Nordic power futures fell on Thursday amid wetter weather forecasts set to swell reservoirs, while the…
Read moreGerman energy demand falls 6.8% in Q1, lignite hardest hit
(Montel) First-quarter energy consumption in Germany fell 6.8% on lower demand from energy-intensive industries, milder weather and the…
Read morePoland to see 10% drop in peak power demand in June – TSO
(Montel) Poland’s power system will see healthy supply next month, as peak power demand is set to fall…
Read moreFocusEconomics revises down 2020 coal price 9%
(Montel) Benchmark Australian Newcastle coal prices could average USD 60.10/t this year, down 9.4% – or USD…
Read moreOil prices fall on possible rise in Russia output
(Montel) Oil prices dropped early on Thursday amid reports that Russia may reduce its adherence to production cuts…
Read moreGerman spot power seen 8% higher on less wind
(Montel) German day-ahead power looked set to open 7.8% higher on less wind power generation and higher…
Read moreGas flows to Europe over Yamal fall to zero
(Montel) Gas flows on the Yamal-Europe pipeline have fallen to zero after Russia's Gazprom briefly restored gas…
Read moreCO2 retreats as bearish sentiment persists
(Montel) European carbon prices fell on Wednesday after hitting a six-week high in the prior session, as…
Read moreGermany eyes 40 GW target for offshore wind by 2040
(Montel) Germany is considering targeting 40 GW of offshore wind capacity by 2040, according to a draft…
Read moreNordic hydropower producers brace for snowmelt influx
(Montel) Nordic hydropower producers are gearing up for an influx of snowmelt in the coming weeks that could…
Read moreGerman front-year power falls in line with weaker CO2
(Montel) Germany’s front-year power contract fell on Wednesday as it again followed the CO2 market, while contracts further…
Read moreBiomass takes record 14% share of UK power mix – Drax
(Montel) Biomass this week took a record 13.8% share of the UK power mix as the country…
Read moreEncavis, Greengo to develop 500 MW Danish solar capacity
(Montel) German investment group Encavis has entered into an agreement with Danish renewables developer Greengo to build a…
Read moreGazprom halts Yamal flows to support gas prices – traders
(Montel) The complete halt of gas supplies on the Yamal-Europe gas pipeline from Russia to Germany, which traverses…
Read moreGerman regulator backs auction plan for TSO capacities
(Montel) German network regulator BNA on Wednesday supported a plan for German, Dutch and Danish TSOs to…
Read moreGas prices drop amid lingering oversupply
(Montel) European gas prices dropped on Wednesday as they continued to factor in an oversupply situation, despite a…
Read morePGE urges separate Polish company for coal-fired plants
(Montel) Poland's government should place all coal-fired plants in a separate company to ease the financial burden of…
Read moreNordic front power falls as warm outlook to hasten thaw
(Montel) Nordic power futures close to delivery continued to fall on Wednesday amid fresh forecasts showing a milder…
Read moreCoal stocks at EU terminals rise to 4-month high
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have risen 6% on the…
Read moreOil prices slip as market awaits demand recovery
(Montel) Oil prices traded a shade down early on Wednesday, with analysts saying the market would need to…
Read moreGerman court postpones hearing in Vattenfall, Eon dispute
(Montel) A court hearing to resolve a dispute between Sweden’s Vattenfall and Eon’s nuclear subsidiary Preussen Elektra regarding…
Read moreGerman spot power to drop EUR 3 as wind output doubles
(Montel) German day-ahead baseload power looked set to fall more than EUR 3, or 14%, on Wednesday as…
Read morePGE’s wholesale power sales rise 27% in Q1
(Montel) Polish utility PGE sold 18.9 TWh of output on power exchange TGE and the balancing market in…
Read moreEDF applies to build new nuclear power plant in the UK
(Montel) EDF has applied to the British authorities for permission to build two EPR nuclear reactors at Sizewell…
Read moreGlobal energy investment to plunge 20% amid pandemic – IEA
(Montel) Global energy investment in 2020 will plunge by a record 20%, or almost USD 400bn, compared…
Read moreTotal suspends Arenh purchases from EDF
(Montel) Total Direct Energie (TDE) has suspended deliveries of contracted “Arenh” regulated nuclear power from EDF following last…
Read morePoland imports gas from Germany as Yamal flows stop
(Montel) Poland is importing natural gas from Germany due to the cessation of flows from Russia via the…
Read moreFrance “way behind” renewable goals – lobby
(Montel) France must double its wind power installations and quadruple newbuild for solar to meet its “energy roadmap”…
Read moreCO2 climbs above EUR 22/t to 5-week high
(Montel) Carbon climbed back above EUR 22/t for the first time in more than a month as speculative…
Read moreGerman power front week gains 2% on weak wind outlook
(Montel) German front-week power gained EUR 0.35 on Tuesday amid low wind forecasts but higher conventional availability should…
Read moreGerman green levy to hit high on power price slide – study
(Montel) Germany’s levy to finance its green transition could hit a record high next year of EUR 86/MWh…
Read moreGas prices rebound over 20% on wind dip, lower supply
(Montel) European gas prices rose on Tuesday amid a drop in wind power generation, lower gas flows from…
Read moreBaltic, Polish TSOs seek EUR 1.2bn funding for grid coupling
(Montel) The TSOs of Estonia, Latvia, Lithuania and Poland said on Monday that they are seeking EUR 1.2bn…
Read moreOTC coal trading volumes slump 24% in April – Leba
(Montel) Traded coal volumes in European brokered markets slumped 24% on the year in April to 57.9m…
Read moreUniper signs contract for planned German LNG terminal
(Montel) German power producer Uniper has signed a contract to build and charter an LNG terminal vessel for…
Read moreNordic June power hits new low on wetter outlook, weak spot
(Montel) Nordic power for June hit a fresh record low for the second consecutive session on Tuesday…
Read moreGerman spot power set to drop as wind output to double
(Montel) German baseload power prices for Wednesday looked set to fall 13% as average wind power generation…
Read moreOrsted plans 1.3 GW “green gas” plant near Copenhagen
(Montel) Danish energy firm Orsted and four other local companies have joined forces to build 1.3 GW “green…
Read moreOil continues rise amid recovering demand
(Montel) Oil prices rose for a second consecutive day on Tuesday on a deepening of supply cuts and…
Read moreBerlin should stop coal exit plan – lobby
(Montel) Germany’s government should scrap its draft law to exit hard-coal and lignite-fired power generation by 2038, as…
Read moreCarbon market rangebound on lack of motivation
(Montel) European carbon prices were rangebound on Monday amid UK and US holidays, which limited trading volumes on…
Read moreUK power demand recovery may take 3 years – SSE
(Montel) Power demand in the UK will take two to three years to recover from the coronavirus…
Read moreNordic June power retreats to new low as Norway spot dives
(Montel) Nordic power futures reversed early gains to hit fresh lows on Monday, dragged down by flagging spot…
Read moreStatkraft writes down value of Swedish wind farms by half
(Montel) Statkraft has written down almost half the value of its Swedish wind farms over the last…
Read moreEuropean coal prices to trade sideways on mixed drivers
(Montel) European coal prices will likely trade rangebound this week amid mixed signals from other energy markets and…
Read morePrompt gas prices recover amid thin trading
(Montel) Near-term gas prices in Europe extended a rebound from last week’s historical lows on Monday as…
Read moreFinland developer still plans 1.3 GW of new wind power
(Montel) Finnish land developer Metsahallitus continues to plan 1.3 GW of new onshore wind power on state lands…
Read moreSpanish spot power firms as demand recovers
(Montel) Spanish spot power prices looked poised to increase this week amid higher demand, while forwards may…
Read moreNordic power front futures rise on drier outlook
(Montel) Nordic power for delivery this summer rose on Monday amid drier weather forecasts and news of a…
Read moreEuropean LNG deliveries to fall 24% this week
(Montel) LNG deliveries this week to seven key European destinations are projected to total 2.46bcm, down 24%…
Read moreGerman spot power eyes 52% rise as wind output drops
(Montel) German baseload power prices for Tuesday looked set to jump nearly EUR 10 amid an expected drop…
Read morePGNiG books 8.3bcm/year of capacity at Polish LNG terminal
(Montel) Polish gas monopoly PGNiG has booked 8.3bcm regasification capacity at the Swinoujscie LNG terminal from 2024 to…
Read moreEuropean spot prices plunge into negative territory
(Montel) Day-ahead power baseload power prices settled at double-digit negative prices in several European countries on Saturday and…
Read moreQatar to expand gas output despite low prices, demand
(Montel) Qatar will proceed with plans to expand LNG production despite falling demand and a slump in gas…
Read moreLack of drivers to curb carbon prices
(Montel) EU carbon is expected to continue to trade within its recent range between the low EUR 18s…
Read moreCO2 supports German front-year power as fuels collapse
(Montel) Germany’s benchmark power contract pared losses on Friday as a recovery in carbon prices offset part…
Read moreFrench spot power set to hit 6-week low this weekend – EQ
(Montel) French baseload power for Sunday looked set to fall to a six-week low due to subdued…
Read moreGas prices plumb new lows as spot slides under EUR 3
(Montel) Gas prices hit record lows for a second consecutive day on Friday, with Dutch spot diving under…
Read moreNordic power falls on wetter, milder weather outlook
(Montel) Nordic power futures edged down on Friday amid fresh forecasts showing a wetter, milder weather outlook. …
Read moreWeaker wind to support German power next week
(Montel) Spot power prices in Germany looked set to exceed this week’s average by EUR 3 next…
Read moreGerman utilities seek coal exit exemption – report
(Montel) A group of major German utilities is seeking an exemption to the country’s planned coal exit…
Read moreGerman wind to fall next week after early spike – Ubimet
(Montel) German wind generation should fall sharply following an early spike next week, while intermittent cloud cover…
Read moreCrude oil dives USD 2 on simmering US-China tensions
(Montel) Crude oil prices dived USD 2 on Friday amid simmering tensions between the US and China, which…
Read moreCoal drifts lower amid slack demand
(Montel) Atlantic basin coal prices drifted lower in Thursday trading amid sluggish demand and thin liquidity, exacerbated…
Read morePoland’s Orlen faces hurdles to building 1 GW gas plant
(Montel) Polish refiner Orlen will probably have to cut the capacity of its planned 1 GW Ostroleka gas…
Read moreChinese coal production rises 6% in April
(Montel) China’s coal production last month rose 6% on the year to 322m tonnes as miners returned…
Read moreAsia-Pacific coal prices edge up as demand returns
(Montel) Asia-Pacific benchmark coal prices made marginal gains over the past week amid some upturn in regional…
Read morePower demand hits 40-year low as UK takes to sofa – study
(Montel) UK power demand on weekdays has fallen to its lowest since the 1980s as people swap…
Read moreCourt grants Total force majeure on Arenh contract with EDF
(Montel) A French court has granted force majeure to Total Direct Energie on its Arenh contract for…
Read moreEDF needs to stop more reactors to meet 2020 goal – analyst
(Montel) EDF will have to stop more reactors than scheduled before the end of the year if it…
Read moreCO2 jumps 6% on auction dearth, stronger fuels
(Montel) Carbon prices jumped nearly 6% in Wednesday trading as an absence of auctions over the coming…
Read moreNorway battery factory may use several TWh per year
(Montel) The company behind a planned battery factory in southern Norway said the facility may eventually use several…
Read moreDanes to double offshore wind with 4 GW “energy islands”
(Montel) Denmark’s government plans to facilitate the construction of two offshore wind “energy islands” with a combined generation…
Read moreBerlin agrees on transport, heat CO2 price of EUR 25 in 2021
(Montel) The German cabinet agreed on Wednesday to launch the country’s national carbon trading scheme for the transport…
Read moreSolar sweeps up in latest German green power tender
(Montel) A latest German mixed green power tender again received no bids for new onshore wind capacity, with…
Read moreNord Pool urges compensation to extend free Xbid transit
(Montel) Power exchange Nord Pool will continue transiting Xbid intraday power trades free of charge across Europe…
Read moreNordic power front futures firm on drier forecasts
(Montel) Nordic power futures close to delivery edged up on Wednesday morning amid a drier weather outlook,…
Read moreEC approves Danish biomass support scheme
(Montel) The European Commission has approved a DKK 4.15bn (EUR 556m) state aid scheme to support electricity production…
Read moreEU power sector against moves to split price zones
(Montel) Major European utilities such as EDF and Fortum have opposed moves towards splitting power price zones…
Read moreOil trades flat as economic slump clouds demand recovery
(Montel) Oil prices traded little changed early on Wednesday as signs of a recovery in demand were overshadowed…
Read moreGerman spot power eyes EUR 13 drop on low demand, more wind
(Montel) German day-ahead baseload power looked set to fall around EUR 13 on Wednesday due to the Ascension…
Read moreGreen energy faces first annual decline in 2 decades – IEA
(Montel) New installations of renewable electricity sources such as wind and solar will see the first annual decline…
Read moreGermany may take stake in Dutch TSO Tennet
(Montel) Germany is in talks with the Netherlands about possibly taking a stake in Tennet Holding, which…
Read moreGerman Cal 21 power hits 8-day high before retreating
(Montel) Germany’s benchmark power contract for next year hit the highest level since 11 May on Tuesday but…
Read moreRussian coal exports to Europe via Riga slump 65%
(Montel) Russian coal exports to Europe via Riga in Latvia plunged 65% on the year in April…
Read moreAsia has already begun coal to gas switch – Kpler
(Montel) An escalating decline in thermal coal imports among major Asian buyers can largely be attributed to…
Read moreTTF gas hits record lows on strong supply
(Montel) The Dutch TTF front-month and day-ahead contracts both hit fresh record lows on Tuesday amid low…
Read morePoland eyes 2.4 GW renewable energy auctions in Q4
(Montel) Poland is planning to launch auctions for 2.4 GW of renewable energy capacity in the fourth quarter…
Read moreNordic power prices slide on wetter weather forecasts
(Montel) Nordic power futures were trading lower on Tuesday amid wetter and milder weather forecasts which could spur…
Read moreSwiss Axpo to manage PPAs for 127 MW wind power in Norway
(Montel) Swiss energy group Axpo will manage long-term power purchase agreements and the balancing of output linked to…
Read moreNorlys, Eurowind form Danish energy trading company
(Montel) Danish power supplier Norlys has established a joint energy trading company with Danish wind power producer Eurowind,…
Read moreFinland’s UPM sells stake in Kainuun Voima for EUR 19m
(Montel) Finnish paper manufacturer and power producer UPM will sell its 50% stake in northern Finnish utility Kainuun…
Read moreOil continues recent rise as demand returns
(Montel) Oil prices continued their recent rise on Tuesday with demand returning amid hopes of a viable vaccine…
Read moreGermany’s 200 MW Borkum 2 wind farm due for summer start-up
(Montel) The 200 MW Borkum 2 offshore wind farm in Germany is complete and due for full…
Read moreDutch TSO declares “system emergency” amid oversupply
(Montel) Dutch TSO Tennet declared a system emergency this weekend for the first time in three years…
Read moreFuels, CO2 rise on recovery hopes
(Montel) Longer-dated energy commodities climbed on Monday amid mounting confidence a recovery from the coronavirus pandemic was…
Read moreGas prices unlikely to recover before next summer – analyst
(Montel) European gas prices were unlikely to recover significantly before summer next year and may potentially stay…
Read moreUkraine’s coal production plunges 70% amid swelling stocks
(Montel) Ukrainian coal mines cut production in the first half of May by 70% on the year…
Read moreCoal prices rise though weak demand to limit gains
(Montel) European coal prices edged higher in early Monday trading amid increases in related markets and thin…
Read moreFrance's ASN nuclear watchdog resumes on-site inspections
(Montel) France's ASN nuclear safety authority will resume on-site inspections at nuclear power plants after they were cut…
Read moreGas prices edge up but outlook remains poor
(Montel) Front-month gas contracts edged up on Monday amid stronger oil and carbon markets – with the latter…
Read moreNordic power front futures drop on milder outlook
(Montel) Nordic power futures close to delivery dropped on Monday amid forecasts for milder and wetter weather, although…
Read moreLNG deliveries to Europe set to fall 11% this week
(Montel) LNG deliveries this week to seven key European destinations are projected to total 3.2bcm, down 11%…
Read moreOil prices rise on demand hopes amid easing lockdowns
(Montel) Crude oil prices rose in early Monday trading on optimism about higher demand amid an easing of…
Read moreGerman spot power eyes 24% gain as wind output falls
(Montel) German baseload power prices for Tuesday looked set to rise nearly EUR 5, with wind output forecast…
Read moreEU spot hours hit double-digit negative prices for Sunday
(Montel) Day-ahead power in several European markets hit negative prices for afternoon hours on Sunday, with Germany setting…
Read moreCO2 extends gains as lockdowns ease
(Montel) European carbon prices extended gains on Friday amid more positive sentiment – with oil and equities…
Read moreFortum will pursue wind, nuclear investments despite crisis
(Montel) Finnish utility Fortum plans to continue investing in renewables assets and nuclear plants in the Nordic region…
Read moreGerman June power nears 2-month high
(Montel) German power prices along the curve posted gains on Friday, buoyed by a rally in the European…
Read moreLarge shortfall emerging in German green energy fund
(Montel) The fund used to finance Germany’s investments in renewable energy could fall back into deficit this…
Read moreEUAs set to find support below EUR 19/t
(Montel) EUAs are likely to be sustained at around the EUR 19/t mark in the coming days after…
Read moreNord Stream 2 fails in bid to be exempt from EU rules – BNA
(Montel) Russian gas giant Gazprom has failed in attempt to exempt the Nord Stream 2 gas pipeline…
Read moreGas prices continue to inch up after hitting “floor”
(Montel) European gas prices continued to inch up on Friday after hitting record lows earlier this week,…
Read moreNot “crazy” to open new Uniper coal plant – Fortum CEO
(Montel) Finnish utility Fortum is not “crazy” to open a new coal-fired plant in Germany and plans to…
Read moreNordic power futures rise on colder weather, carbon
(Montel) Nordic power futures continued to edge higher on Friday amid fresh forecasts confirming a colder, drier weather…
Read moreENBW trading arm’s Q1 earnings rise 26%
(Montel) German utility ENBW’s generation and trading arm posted a 26% rise in first quarter earnings, mostly…
Read moreENBW locks in 90% of 2021 power as it increases hedging
(Montel) Germany’s ENBW has already sold at least 90% of its potential power generation for 2021, as…
Read moreOil prices extend gains as global supply drops
(Montel) Oil prices extended the previous day’s gains early on Friday, with analysts pointing to expectations of a…
Read moreFortum hedges 50% of 2021 Nordic output at EUR 34/MWh
(Montel) Finnish utility Fortum had hedged half of its expected power production for 2021 by the end of…
Read moreGerman solar output may peak above 25 GW next week – Ubimet
(Montel) Germany should see a return of warmer weather and greater solar generation next week with some…
Read moreCoal recovers on strengthening demand
(Montel) Front-year coal prices in the API 2 window rose on Thursday amid an uptick in demand in…
Read moreEquinor attributes drop in gas flows to low prices, outages
(Montel) Norwegian energy firm Equinor said it has curbed gas flows as a result of record-low prices…
Read moreRWE “disappointed” in sell-off by Norway oil fund
(Montel) RWE's CFO on Thursday expressed his “disappointment” on being shelved by Norway’s sovereign wealth fund whose guidelines…
Read moreUK gas demand, prices to fall further over summer – analyst
(Montel) There will be no swift recovery for UK gas demand and prices, even as lockdown restrictions…
Read moreSpain green transition can boost economy post Covid-19 – TSO
(Montel) Spain’s economic recovery from the coronavirus crisis should be based on the energy transition to renewable…
Read morePower consumption to slide 5-6% this year on virus – RWE CFO
(Montel) Power consumption in German utility RWE’s key European markets will slide up to 6% year on year…
Read moreAtomic safety fear surge amid “devastating pressure” on EDF
(Montel) EDF’s overhaul of its reactor outage schedules during the Covid-19 pandemic will “dramatically” reduce safety margins at…
Read moreGas spot rebounds from record low, finds support at EUR 5
(Montel) European day-ahead gas prices edged away from fresh record lows struck during the previous session on…
Read moreEDF boss warns of changes to French reactor outage schedules
(Montel) EDF has not ruled out further changes to its reactor maintenance schedule this year, amid the continuing…
Read moreRussia hikes coal exports to Asia, Africa as EU demand drops
(Montel) Russia’s coal exports to Asia and Africa from the Baltic Sea surged in the first four…
Read moreNordic power front futures rebound on drier outlook
(Montel) Nordic power futures traded up across the board Thursday morning amid a drier weather outlook and…
Read moreIEA revises up 2020 oil demand outlook as lockdowns ease
(Montel) The International Energy Agency (IEA) has slightly revised up its 2020 oil demand outlook from a month…
Read moreGerman TSO plans to gradually increase imports from Denmark
(Montel) Tennet, a TSO in Germany, will gradually start offering more import capacity from Western Denmark when a…
Read moreNewcastle coal gains 2% but outlook remains muted
(Montel) Asia’s benchmark coal index continued a minor recovery in the week through to Thursday, though analysts…
Read moreRWE hedges “over 90%” of 2023 lignite output at EUR 26/MWh
(Montel) German utility RWE had sold more than 90% of its expected 2023 lignite output of 40-45 TWh…
Read moreOil prices firm after surprise drop in US crude stockpiles
(Montel) Oil prices edged up early on Thursday after a surprise decline in US crude stockpiles reported in…
Read moreEDF's nuclear output in France falls 9.5% in Q1
(Montel) French nuclear power generation fell 9.5% – or 10.6 TWh – year on year to 101.2…
Read moreGerman spot power eyes 6% drop as wind output set to rise
(Montel) German day-ahead power looked set to fall around 6% on Thursday as wind generation should recover to…
Read moreRWE trading unit’s Q1 earnings plunge 39%
(Montel) RWE’s supply and trading unit posted EUR 160m in adjusted earnings before interest and tax (Ebit) in…
Read moreCoal drifts sideways amid slack demand
(Montel) European coal prices were little changed on Wednesday as demand for the fuel remained poor and…
Read moreGermany must treble green capacity to meet 2050 goal – study
(Montel) Germany must more than treble existing green capacity to reach its 2050 goal of a 95% cut…
Read moreUkraine’s power consumption slides 7% in April
(Montel) Ukraine’s power consumption in April fell 7% on the year to 11.1 TWh as measures to…
Read moreOpec slashes world oil demand growth outlook by 2.2m bbl/day
(Montel) Opec has cut its global oil demand growth outlook for this year by 2.23m bbl/day from its…
Read moreGerman Cal 21 power slips on weaker gas, more French nuclear
(Montel) German benchmark power prices touched their lowest levels in six weeks on Wednesday, as gas prices…
Read moreDanes criticise transparency in German power compensation
(Montel) The system through which German TSO Tennet pays Danish power producers to cut output due to grid…
Read moreNordic power futures fall on weaker CO2, virus fears
(Montel) Nordic power futures fell on Wednesday amid falling carbon prices and renewed coronavirus concerns.…
Read moreTTF front month eyes EUR 5/MWh on healthy supply
(Montel) The Dutch TTF front-month contract could fall below EUR 5/MWh amid pressure from weak spot prices…
Read moreEU power demand gains with looser restrictions – EQ
(Montel) European power demand has recovered to around 91% of where it would be absent efforts to…
Read moreEIA cuts 2020 US coal production outlook a further 2.6%
(Montel) The US Energy Information Administration (EIA) has revised down this year’s coal production outlook 2.6% from…
Read moreVerbund hedges 34% of 2021 power generation at EUR 46.20
(Montel) Austria’s biggest power producer Verbund had hedged 34% or 8.5 TWh of its planned hydropower generation in…
Read moreMVV warns Covid-19 lockdown may delay wind, solar projects
(Montel) Germany utility MVV warned on Wednesday that Covid-19 lockdown measures may “delay implementation of wind, solar and…
Read moreBrent crude falls back below USD 30 as US stockpiles swell
(Montel) Crude oil prices slumped in early Wednesday trading amid a further rise in US stockpiles and concerns…
Read moreGermany’s Christian Union opposes carbon border tax
(Montel) German chancellor Angela Merkel’s Christian Union (CDU/CSU) has come out against EU proposals of a carbon…
Read moreCO2 prices hit 5-week low on weak demand
(Montel) European carbon prices dropped to five-week lows on Tuesday on a weak demand outlook and a…
Read moreDry freight index drops to 12-week low
(Montel) The Baltic Dry Index (BDI) has dropped sharply over the past month to its lowest level…
Read moreGerman power curve falls with French availability, CO2
(Montel) German curve contracts fell on the back of a revised French maintenance outage schedule for nuclear…
Read moreGerman green energy fund drops 42% in April
(Montel) Germany’s green energy fund fell 42% to EUR 1.1bn in April, TSO data showed on Tuesday.…
Read moreExchanges to launch Nordic spot competition from 3 June
(Montel) Power exchanges and Nordic TSOs will launch market coupling for Nordic spot power – in a bid…
Read moreTTF front month hits fresh multi-year low
(Montel) European front-month gas prices in the Dutch TTF hub extended recent multi-year lows as robust LNG…
Read moreNordic spot power nears 3-month high on cold, low wind
(Montel) The Nordic system price could hit an 11-week high on Wednesday amid cold weather and low wind…
Read moreFrench power prices dive EUR 5 on more nuclear availability
(Montel) Prices for France’s Q4 power contract dropped by up to EUR 4.96 to EUR 56.30/MWh on…
Read moreOutage delays to secure power supply for next winter – EDF
(Montel) Outage delays to planned shutdowns announced by EDF this morning are to enable sufficient supply this coming…
Read moreNord Pool urges mandatory liquidity sharing in Europe
(Montel) Oslo-based power exchange Nord Pool urged on Tuesday that all nominated electricity market operators (Nemos) in…
Read moreEngie increases 2021 hedging volume to 60% at EUR 47/MWh
(Montel) Engie had hedged 60% of its expected 2021 European nuclear and hydropower production by the end…
Read moreCez hedges 65% of 2021 power output at EUR 46.30/MWh
(Montel) Czech utility Cez increased its forward power sales for 2021 by 8 percentage points in this year’s…
Read moreGerman spot power eyes 8-week high as wind plunges
(Montel) German day-ahead power looked set to reach an eight-week high on Tuesday morning as forecasts showed wind…
Read moreOil rallies after Saudis pledge to increase production cuts
(Montel) Oil prices rallied on Tuesday after de facto Opec leader Saudi Arabia pledged to increase existing…
Read moreEon hedges 65% of 2021 nuclear generation at EUR 46/MWh
(Montel) German utility Eon’s subsidiary Preussen Elektra had hedged 65% of its 2021 nuclear generation at EUR 46/MWh…
Read moreEDF postpones 2020-2021 outage dates at 30 reactors
(Montel) EDF has postponed planned outage dates at 30 out of its 58 French reactors scheduled in 2020-2021…
Read morePolish power demand dives 10% in April on virus – TSO
(Montel) Poland’s power consumption fell 10% year on year last month amid the Covid-19 lockdown, data from TSO…
Read moreCO2 falls on muted demand amid crisis
(Montel) European carbon prices were falling on Monday amid reduced EUA demand due to the coronavirus crisis,…
Read moreOld German lignite units have entered "death zone"
(Montel) Margins for Germany’s oldest lignite-fired power plants have plunged to new lows this year, putting them…
Read moreExtreme heatwave could boost French power by EUR 10 – Icis
(Montel) An extreme heatwave in France this summer could lift day-ahead power prices in the third quarter…
Read moreGermany’s BNA approves balancing price calculation change
(Montel) Germany’s BNA network regulator has approved a new calculation method for balancing power prices from later this…
Read moreGerman power futures soften amid weaker EUAs
(Montel) German power futures eased in Monday afternoon trading, pressured by softer carbon prices, although the contract for…
Read moreTTF spot claws back from last week’s record low
(Montel) Dutch TTF spot gas prices rose on Monday as lower than normal temperatures and some maintenance in…
Read moreWeak fundamentals to cap coal price gains
(Montel) Prevailing strong supply and sluggish demand may this week cap recent price gains for the European…
Read moreSpanish spot power falls on renewables, virus curbs forwards
(Montel) Spanish spot power prices this week could ease amid heavy rain – forecast at double normal…
Read more800 MW Sweden-Finland cable will curb price premium – TSO
(Montel) A planned 800 MW electricity interconnector between Sweden and Finland will reduce the latter’s spot price premium…
Read moreNordic spot power to rise on colder weather
(Montel) Tuesday’s system price was set to rise on colder weather, less wind power output and increased exports.…
Read moreGerman spot power to jump 50% on wind power plunge
(Montel) German baseload spot power prices for Tuesday looked set to rise more than EUR 7, with wind…
Read moreOil prices ease as economic growth worries persist
(Montel) Crude oil prices were slightly lower in early Monday trading as ongoing worries about economic recession outweighed…
Read moreEU day-ahead hours dip to negative prices for Monday
(Montel) Day-ahead power in several European markets dropped to negative prices for the early hours of Monday, with…
Read moreEUA outlook seen flat amid few indicators
(Montel) Carbon prices are set to continue trading in their current range over the coming week amid a…
Read moreAnalysts see smaller MSR auction curbs from September
(Montel) A mechanism to tighten Europe’s carbon market was likely to absorb fewer permits from September given…
Read moreGerman front year edges down with CO2
(Montel) The German front-year contract fell slightly amid a lower CO2 price on Friday, in what traders…
Read moreRecord week boosts Q1 carbon trading volumes – agency
(Montel) Europe’s carbon market saw trading volumes surge in the first quarter, Germany’s emissions trading authority (DEHSt)…
Read moreTTF front-month contract edges down on oversupply
(Montel) The front-month contract on the Dutch TTF hub edged down in quiet trading on Friday, due to…
Read moreIndonesia sets May coal price 7% lower on pandemic
(Montel) Indonesia's energy ministry has set its May coal reference price at USD 61.11/t, or 7.1% lower…
Read moreNordic power rises on drier weather, fuels
(Montel) Nordic power futures traded up across the board Friday morning amid a drier weather outlook and…
Read moreEDP hedges 60% of its 2021 generation at EUR 50/MWh
(Montel) Portuguese utility EDP hedged all of its 2020 power output at EUR 55/MWh and around 60%…
Read moreSpain watchdog approves Almaraz (2 GW) operation until 2028
(Montel) Spain’s nuclear safety watchdog, the CSN, greenlighted a licence extension for the 2 GW Almaraz nuclear…
Read moreGerman temperatures to plunge next week – Ubimet
(Montel) German temperatures will plunge sharply following a warm weekend, while wind output could soar to 25…
Read moreOil prices rise on demand boost expectations
(Montel) Crude oil prices rose in early trading on Friday amid hopes that an easing of lockdown measures…
Read moreGerman Cal 21 power edges up with coal, carbon
(Montel) Germany’s benchmark power contract stood firmer in midday trading on Thursday, taking a cue from similar gains…
Read moreSpain gas demand to fall 19% in June on virus, renewables
(Montel) Spain’s natural gas demand will fall 19% year-on-year in June to 25 TWh amid lower industrial…
Read moreLow prices to affect Vattenfall finances for two years – CEO
(Montel) The low electricity prices in the Nordic region will affect Vattenfall's finances this year and next, the…
Read moreFrance faces “explosion” in zero or negative power prices
(Montel) European power producers must increase production flexibility to limit a forecast “explosion” in zero or negative power…
Read moreShell eyes 760 MW Dutch wind farm to fuel hydrogen plant
(Montel) Energy firms Royal Dutch Shell and Eneco have bid together in the tender for the 760…
Read moreEU gas markets to recover more quickly than oil – Equinor
(Montel) Europe's gas markets are likely to recover from demand destruction caused by the Covid-19 pandemic more…
Read moreAnglo American may sell S Africa coal assets by 2023
(Montel) Anglo American will likely sell its 28m tonne/year South African mining assets by 2023, amid efforts…
Read moreIberdrola acquires 754 MW of onshore wind power in France
(Montel) Spain’s Iberdrola has bought French firm Aalto Power for EUR 100m, acquiring 118 MW of onshore wind…
Read moreNewcastle coal halts four-week drop
(Montel) Asia’s benchmark thermal coal price has found support at USD 50/t after posting a week-on-week gain…
Read moreFrance to be EU's 4th biggest offshore wind producer – study
(Montel) France is set to become Europe’s fourth biggest offshore wind generator by 2030, with capacity due to…
Read moreNordic power hedge jump reflects virus risk – Uniper
(Montel) A jump in Uniper’s hedging ratio for 2021 Nordic power reflected the German energy firm’s decision to…
Read moreNordic power trades flat to lower on wet outlook
(Montel) Nordic power futures stood flat to a shade down early on Thursday as forecasts showed above-normal precipitation…
Read moreChina’s April coal imports surge 22%
(Montel) China’s coal imports in April jumped 22% on the year to 1.03m tonnes/day (30.9m tonnes), customs…
Read morePortugal to tender 700 MW solar capacity in August
(Montel) Portugal will tender 700 MW in solar capacity in August, after the auction was delayed in…
Read moreStatkraft signs 9-year PPA with Glencore Nikkelverk
(Montel) Norwegian utility Statkraft has signed a long term PPA with a total volume of 0.8 TWh with…
Read moreEquinor gas sales price drops 41% on year to EUR 13/MWh
(Montel) Norwegian energy firm Equinor's gas sales price in Europe plummeted 41% to an average of EUR…
Read moreBrent crude slips back below USD 30 as growth woes persist
(Montel) Brent crude oil prices slipped back below USD 30/bbl early on Thursday, with analysts citing renewed concerns…
Read moreUniper Q1 trading earnings rise seven-fold to EUR 441m
(Montel) Uniper’s global commodities unit on Thursday reported adjusted earnings before interest and tax (Ebit) at EUR 441m…
Read moreGerman spot power set for 3% rise as wind output drops
(Montel) German day-ahead power looked set to rise 3% on Thursday as forecasts indicated a further drop in…
Read moreStatkraft’s trading unit profit rises to EUR 119m in Q1
(Montel) Norwegian energy group Statkraft’s market and trading unit on Thursday posted an operating profit of NOK 1.3bn…
Read moreUniper accelerates front-year power hedging in Q1
(Montel) German utility Uniper has increased forward sales of its German power generation in the first quarter,…
Read moreBelgian minister slams regulator for capacity market delays
(Montel) Belgian energy minister Marie-Christine Marghem on Wednesday criticised the country’s regulator Creg for delaying the roll…
Read moreSpain’s Sunco starts building 2 solar plants (83 MW)
(Montel) Spanish investment firm Sunco Capital has started construction of two solar plants with a combined capacity of…
Read moreCleared European coal futures hit 16-month low – broker
(Montel) European coal futures volumes cleared on the London-based Ice exchange fell 22% on the year in…
Read moreRussian coal exports slide 12% on EU “demand disaster”
(Montel) Russian coal exports in April declined 12% on the year to 489,000t/day (14.7m tonnes) as producers…
Read moreGerman Cal 21 power bounces back amid stronger CO2, fuels
(Montel) German power front-year power rose on Wednesday for the first time in five trading days, mirroring a…
Read moreTTF front-month gas rebounds from record lows
(Montel) The front-month gas price on Europe’s main hub, TTF, rebounded from a record low hit in…
Read moreTennet pays Danish power producers EUR 16.5m to cut 1.3 TWh
(Montel) German TSO Tennet paid Danish power producers a record DKK 123m (EUR 16.5m) last year to cut…
Read moreGermany may delay hard coal closures to 2021 – analyst
(Montel) Germany will likely delay the first closures of hard coal-fired units to 2021, as lawmakers are preoccupied…
Read moreGerman spot power eyes 14% rise as wind output wanes
(Montel) German day-ahead baseload power looked set to gain 14% on Wednesday as forecasts showed wind power generation…
Read moreBrent hovers near 3-week high on demand recovery hopes
(Montel) Brent crude prices hovered near a three-week high early on Wednesday amid hopes of a revival in…
Read moreCarbon drops on recovery uncertainty
(Montel) European carbon prices traded down on Tuesday amid continued uncertainty over the shape of the recovery…
Read moreNordic financial power volumes rise 15% on volatility
(Montel) Nordic power trading volumes rose 15% from January-April, with market participants on Tuesday citing increased volatility…
Read moreGerman power demand recovering in industrial centres
(Montel) German power demand in industrial centres has returned to near normal levels this week after the…
Read moreSpain gas prices to drop on surplus – experts
(Montel) Spanish gas prices look set to remain weak due to swelling storage levels, which in turn…
Read moreRussia gas transit via Ukraine slumps to near 30-year low
(Montel) Russian gas transit shipments to Europe via Ukraine declined 47% in January-April, its lowest in nearly…
Read moreEngie signs 15-year PPA for 42 MW German solar park
(Montel) French utility Engie and Germany’s Energiekontor have signed a 15-year power purchase agreement (PPA) for the production…
Read morePolish power system will be well supplied to 2023 – TSO
(Montel) Poland’s power system will be well supplied until the end of 2022, with no supply tightness, said…
Read moreRussia’s Suek reduces coal exports 5% in Q1
(Montel) Russia’s largest coal exporter, Suek, reduced export sales 5% in the first quarter to 12.9m tonnes,…
Read moreNBP, TTF gas trades mixed on robust supply, demand pick-up
(Montel) European gas contracts traded sideways on Tuesday as the prospect of increasing demand on loosening Covid-19…
Read moreNordic Q3 power rises on weakening hydro supply
(Montel) Nordic power futures traded up Tuesday morning on drier and colder weather forecasts which weaken the…
Read moreTurkey’s Q1 coal imports surge 22% on “strong” margins
(Montel) Turkish thermal coal imports jumped 22% on the year in the first quarter amid ongoing restrictions…
Read moreEesti Energia makes EUR 2m loss in Q1 amid price plunge
(Montel) Estonian power generator Eesti Energia posted a net loss of EUR 2m in the first quarter, compared…
Read moreCerrejon resumes coal operations after 6-week stoppage
(Montel) One of Colombia’s biggest coal exporters, Cerrejon, has begun a gradual resumption of its mining activities after…
Read moreTotal’s Q1 LNG sales volumes jump 27% to 9.8m tonnes
(Montel) French oil and gas major Total posted a 27% year-on-year rise in first-quarter LNG sales volumes to…
Read moreSpanish power price to bounce back in wake of virus – Endesa
(Montel) Spanish power prices have been heavily impacted by the coronavirus pandemic but should climb back to EUR…
Read moreOil extends gains on hopes worst of Covid-19 over
(Montel) Oil prices were extending gains from last week on Tuesday amid hopes that the worst of the…
Read moreCarbon rebounds from 1-month low
(Montel) Carbon prices on Monday afternoon rebounded from one-month lows touched in early trading amid some supportive…
Read moreApril power use slumps to decade low in Germany
(Montel) German power use fell to 34.8 TWh in April, the lowest level in at least 10 years…
Read moreGermany heads for summer drought – forecasters
(Montel) The risk of a drought this summer in Germany persists, meteorologists told Montel on Monday, with dry…
Read moreGerman front-year power hits 1-month low as CO2 stalls
(Montel) The German benchmark power contract hit a 1-month low on Monday, as carbon prices languished below EUR…
Read moreSpanish spot power to climb on weak wind, June hits low
(Montel) Spanish spot power prices this week could climb amid a drop in wind power supply and…
Read moreJune, Q3 gas prices firm as demand gradually returns
(Montel) European gas prices for June and Q3 edged higher on Monday, although traders said the gains were…
Read moreCoal prices weaken as demand remains muted
(Montel) European coal prices edged down amid thinly traded volumes early on Monday, with participants citing poor…
Read moreLNG faces underlying troubles beyond Covid-19 – analyst
(Montel) While the Covid-19 pandemic has played a role in driving down LNG prices, the market also…
Read moreGerman spot power set for 16% fall on more solar, wind
(Montel) German baseload spot power prices for Tuesday looked set to drop more than EUR 4 from the…
Read moreCoal softens amid thin trading, weak demand
(Montel) European prompt coal prices eased marginally amid a persisting lack of demand and thin trading activity,…
Read moreFrance’s April nuclear output plunges to record low
(Montel) French nuclear output fell 16% year on year to 26.7 TWh in April, a record low for…
Read moreUK spot gas hits 2-week high on short system
(Montel) UK spot gas prices rose to two-week highs early on Friday as a short system offset…
Read moreBiomass takes record share of UK power mix in April
(Montel) Biomass-fuelled power generation in the UK accounted for a record 8.4% share of the nation’s power…
Read moreOil prices extend gains as supply cuts set to kick in
(Montel) Brent crude prices extended gains for the fourth consecutive session on Friday, as major producers and…
Read moreCarbon recovery seen as overdone, prices likely to retreat
(Montel) The European carbon market probably recovered too strongly this month and faces downward pressure from weak…
Read moreCO2 hits 2-week low on weak generation
(Montel) European carbon prices slid back to below EUR 20/t on Thursday to reach a two-week low…
Read moreRotterdam coal handling plunges 40% in Q1
(Montel) Europe’s largest port, Rotterdam, handled 4.2m tonnes of coal in January-March, down 3m tonnes – or…
Read moreGerman Cal 21 power slips in line with weaker EUAs
(Montel) Germany’s benchmark power contract edged down amid flagging carbon prices on Thursday, although traders said the Cal…
Read moreGerman solar produces record April high of 6.9 TWh
(Montel) German solar plants produced 6.9 TWh in April, a record for the month and only slightly…
Read moreTTF gas prices seen steady near record lows in May
(Montel) TTF spot gas in May should average around the same level as in April, as potential upside…
Read moreSpain’s gas consumption falls 23% in April
(Montel) Spain’s natural gas consumption fell 23% year on year in April to 23.5 TWh, led by…
Read moreNordic spot power to stay at 20-year low in May
(Montel) Nordic spot power prices will continue to languish at their lowest levels in more than 20 years…
Read moreMay will be key month for EU power consumption – EQ
(Montel) May will be a critical month for increasing power consumption in Europe amid easing lockdown measures,…
Read moreUK coal imports slump to record low in February
(Montel) UK coal imports slumped to a record low of just 257,000t in February, down more than…
Read moreSpain’s power demand plunges 17% in April amid lockdown
(Montel) Spanish mainland power demand dived 17% year on year in April to nearly 16.2 TWh amid…
Read moreGlencore’s Q1 coal output drops 4% amid “challenges”
(Montel) Glencore produced 31.9m tonnes of mainly thermal coal in the first quarter, down 4% on the…
Read moreShell’s Q1 LNG sales volume rises 9% but group revenue drops
(Montel) Royal Dutch Shell’s LNG sales rose 9% year on year rise to 19m tonnes in the…
Read moreSlack demand to keep pressure on coal
(Montel) Slack European demand will keep pressure on prompt coal prices in May, yet possible limitations to…
Read moreLockdown to exacerbate bearish UK gas in May
(Montel) UK gas prices face ongoing pressure from muted demand amid the ongoing coronavirus lockdown, ample supply…
Read moreGerman spot power to edge up next week as wind output wanes
(Montel) German spot power prices looked set to rise modestly next week as wind generation should ease to…
Read moreOil climbs on more output curb pledges, US demand hopes
(Montel) Oil prices climbed as much as 10% early on Thursday amid signs of improving US demand and…
Read moreDemand drop to “dwarf” impact of 2008 financial crisis – IEA
(Montel) A drop in global energy demand this year will likely “dwarf” the impact of the 2008…
Read moreLow power prices no major concern – Orsted CEO
(Montel) The current low power prices in Europe has not deterred Orsted from taking part in tenders for…
Read moreEnergy world at green “crossroads” amid virus recovery plan
(Montel) The world faces a stark choice in how to recover from the coronavirus pandemic, financial and…
Read moreCO2 bounces back amid virus volatility
(Montel) European carbon prices rose late on Wednesday, recouping earlier losses in a volatile market amid the ongoing…
Read moreNaturgy to renegotiate gas deals as sales slump on virus
(Montel) Spanish utility Naturgy will renegotiate its gas supply contracts to adjust to a “new reality”, with…
Read moreFrench reactor outages “cause for concern” – ASN chief
(Montel) The supply risk posed by extended French reactor outages is “a subject of concern”, said Bernard Doroszczuk,…
Read moreSpanish day-ahead power settles at 2020 low
(Montel) Spanish day-ahead power settled at EUR 7.50/MWh in Omie’s daily auction on Wednesday – the lowest level…
Read moreGerman Cal 21 power pares gains from easing lockdowns
(Montel) Benchmark German power prices pared gains on Wednesday, after edging away from a four-week low struck…
Read moreGreen sector key to post-crisis recovery – Iberdrola CEO
(Montel) The renewables sector is “key” to the Europe’s economic recovery amid the devastation wrought by the coronavirus…
Read moreVattenfall CEO sees 10-15% drop in power demand
(Montel) Vattenfall expects European power demand to fall 10-15% this year due to mild weather and the…
Read moreNordic power front month slides on wetter outlook
(Montel) Nordic power futures near delivery traded down on Wednesday morning amid wetter forecasts, while the front…
Read moreFrench nuclear watchdog fears safety compromise – report
(Montel) French utility EDF must maintain supply margins to avoid a clash between nuclear safety and security of…
Read moreOil prices firm ahead of Opec-led production curbs
(Montel) Oil prices edged higher early on Wednesday after US industry data late in the previous session showed…
Read moreGerman spot power set for 23% plunge as wind surges
(Montel) German day-ahead baseload power looked set to fall 23% on Wednesday as forecasts showed wind power generation…
Read moreVattenfall hedges 47% of 2021 Nordic output at EUR 32/MWh
(Montel) Vattenfall had sold 47% of its Nordic power production for 2021 at an average price of…
Read moreOrsted’s Q1 earnings rise 33% on offshore wind sector
(Montel) Danish energy group Orsted on Wednesday posted a 33% year-on-year increase in earnings for the first quarter,…
Read moreTraders demand clarity from EDF over reactor outages
(Montel) Traders are demanding clarity from French utility EDF over changes to its nuclear reactor outage schedules…
Read moreGreen Deal important for economic recovery – EU minister
(Montel) The European Commission’s proposal for a Green Deal should play a vital role in revitalizing European economies…
Read moreGas prompt edges higher on cool weather
(Montel) Near-term contracts for gas in Europe and the UK edged higher on Tuesday amid support from…
Read moreGerman weekend power falls 32% on more wind
(Montel) The contract for next weekend fell by more than 30% on Tuesday as forecasts for wind…
Read moreNordic TSOs fear delays to flow-based coupling
(Montel) The introduction of flow-based market coupling in the Nordic power market could be further delayed, sources…
Read moreClientEarth begins legal challenge against UK gas plant
(Montel) Environmental lawyers ClientEarth will this week begin a high court challenge against the UK government’s decision…
Read moreSpot coal price plunge harries supplier margins
(Montel) European delivered spot coal prices have plunged to around USD 40/t, further eroding already tight margins…
Read moreBP’s gas business slumps on virus impact in Q1
(Montel) Oil and gas major BP on Tuesday recorded a 6% drop in gas production over the…
Read moreRWE CFO Krebber to take helm from July 2021
(Montel) RWE CFO Markus Krebber will become chief executive of Germany’s biggest power producer from 1 July 2021,…
Read moreNordic power prices fall on bearish fuels, Germany
(Montel) Nordic power contracts were falling on Tuesday amid a bearish fuels market and in line with the…
Read moreVattenfall must adapt quickly amid pandemic – chairman
(Montel) Swedish utility Vattenfall needs to quickly adopt measures and adapt its operations to the current situation, its…
Read moreIce Endex flags “undesirable” balancing on gas market – TSO
(Montel) Dutch exchange Ice Endex has proposed changes on the country’s gas balancing market following concerns in…
Read moreUK enters 19th day without coal, setting new record
(Montel) The UK has entered its nineteenth day without generating power from coal, breaking a previous record…
Read moreSwiss ETS to resume auctions in June with reduced volumes
(Montel) The Swiss ETS will resume auctions in June at reduced volumes, after the last auction in March…
Read moreGerman spot power set to fall on more wind
(Montel) German day-ahead power prices fell on Tuesday morning as forecasters projected wind generation could return above…
Read moreEDF reports faults on 4 reactors (3.6 GW) to ASN
(Montel) EDF reported new faults on back-up generators at four of its 900 MW nuclear reactors earlier this…
Read moreOil prices fall amid US storage concerns
(Montel) Oil prices were falling on Tuesday amid concerns about the ability of storage facilities in the US…
Read moreRWE expects progress on coal exit in May – report
(Montel) RWE CEO Rolf Martin Schmitz expects a new draft law on Germany’s planned coal exit in May,…
Read moreCO2 slides on bearish demand, weak energy complex
(Montel) European carbon prices slid below EUR 20/t on Monday, pressurised by flagging power demand and with…
Read moreRussian coal exports to S Korea plunge 10% in Q1
(Montel) Russia’s thermal coal exports to South Korea plunged 10% in the first quarter to just 4m…
Read moreBrunt of LNG collapse yet to be felt – Rystad
(Montel) The full impact of a collapse in LNG prices would only be felt later this year…
Read moreEuropean power demand to slide 5% this year on virus – EQ
(Montel) European power demand may slide by 5% in 2020 due to demand destruction amid the coronavirus crisis,…
Read moreGerman Cal 21 power follows CO2 market lower
(Montel) The benchmark Cal 21 power contract fell on Monday, continuing to mirror movements in the carbon market. …
Read moreSpanish power to trade sideways on stable demand, supply
(Montel) Spanish spot power prices this week are set to trade flat week on week amid stable…
Read moreUK spot gas prices jump on cooler temperatures
(Montel) UK day-ahead gas prices jumped early on Monday amid forecasts for cooler weather this week.…
Read moreEU gas forwards to hit fresh record lows – analysts
(Montel) European gas forwards, which slumped to record lows on Friday, are set to fall further as robust…
Read moreCoal prices set to hit fresh multi-year lows this week
(Montel) Atlantic basin coal prices will continue to plumb multi-year lows this week as a weak generator…
Read moreDutch aim to cut coal plant output by 75% this year
(Montel) The Dutch government has proposed to slash CO2 emissions at coal power plants by 5-7.5m tonnes…
Read moreNordic power futures rise on drier weather
(Montel) Nordic power futures edged higher on Monday amid forecasts of drier weather and an earlier rise in…
Read moreGerman spot power eyes 6% rise on low green output
(Montel) German baseload spot power prices for Tuesday looked set to rise around EUR 1.50, or 6%, amid…
Read moreOil prices decrease amid demand reduction
(Montel) Crude oil prices fell on Monday, as the world economy continued to suffer the effects of the…
Read moreEDF announces outages at 5 French reactors by up to 8 months
(Montel) EDF announced on Friday lengthy outages at five French reactors (5.7 GW) as it grapples with low…
Read moreGerman front-month power falls 4% on strong wind forecasts
(Montel) Germany’s front-month power contract fell 4.1% on Friday due to forecasts showing above average wind power generation…
Read moreTraders see mixed EUA outlook as compliance season ends
(Montel) Carbon prices were likely to trade around EUR 18-22/t next week amid ongoing uncertainty about economic activity…
Read moreEuropean demand on track to rise this week – EQ
(Montel) Power demand across most of Europe was on track to climb this week amid loosening coronavirus…
Read moreGermany to turn cooler in May – forecasters
(Montel) Germany should see temperatures turn cooler next month while wind and solar will decline in the…
Read moreGerman solar output hit record peak of 33 GW on Wed
(Montel) German solar power output peaked at a record of 32.98 GW on Wednesday, a researcher with think…
Read moreNordic power prices continue fall on wet outlook, CO2
(Montel) Nordic power futures fell for the fifth day running on Friday on weaker carbon prices and…
Read moreSpanish PPA talks continue despite pandemic – experts
(Montel) Spain has seen a slowdown in long-term renewable deals and lower price bids amid the coronavirus…
Read moreGerman spot power to rebound from 7-year low next week
(Montel) German spot power prices looked set to rise around EUR 7.50, or 68%, from this week’s seven-year…
Read moreOil gains continue amid signs of productions cuts
(Montel) Oil prices continued their recent gains on Friday amid signs Opec production cuts were already kicking in,…
Read moreRWE’s Q1 lignite output plunges 36% on poor market condition
(Montel) Lignite-based power generation at German utility RWE has dwindled 4.9 TWh, or 36%, year on year in…
Read moreUniper expects Q1 earnings to treble year on year
(Montel) Germany utility Uniper expected its first-quarter earnings before interest and tax (Ebit) to more than treble to…
Read moreEDF to stop Cruas, Dampierre, "may" halt Civaux, Chooz
(Montel) EDF will stop its 915 MW Cruas 1 and 890 MW Dampierre 1 nuclear reactors in…
Read moreCO2 trades flat but outlook remains bleak
(Montel) The benchmark European carbon contract traded flat on Thursday but market observers warned of further downside amid…
Read moreEuropean power trading volumes slump to 7-year low in 2019
(Montel) Power trading volumes across key European power markets fell 5% to a 7-year low last year, though…
Read moreGerman power front week rises as lockdown measures ease
(Montel) The German front week rose more than EUR 1 on Thursday on expectations that power demand…
Read moreTTF front month plumbs fresh lows
(Montel) Near-term gas contracts eked out fresh lows on the Dutch TTF hub on Thursday as the…
Read moreNewcastle coal extends slump as Chinese appetite wanes
(Montel) Asia’s benchmark thermal coal price tumbled a further 8% in the week to Thursday as limited…
Read moreNordic May, Q3 power prices slip on wetter weather outlook
(Montel) Nordic power futures for next month and quarter slumped on Thursday as fresh weather forecasts suggested more…
Read moreTSOs launch blockchain-based balancing platform
(Montel) TSOs Tennet, Swissgrid and Terna have launched a joint cross-border blockchain-based platform to connect flexible capacities from…
Read moreCovid-19 crisis will not delay Denmark-Poland gas link – TSO
(Montel) Poland's TSO Gaz System will start scheduled construction of the 10bcm Baltic Pipe gas link with Denmark…
Read moreNo risk of Vattenfall going bankrupt – ratings agencies
(Montel) There is no risk of Swedish utility Vattenfall going bankrupt despite the pressure it is under from…
Read moreDutch coal exit plan won’t lead to CO2 leakage – minister
(Montel) The Dutch government’s plans to exit coal-fired power generation will not lead to significant carbon leakage,…
Read moreCarbon price to average EUR 20/t in 2020 – analyst
(Montel) EUA prices will average EUR 20/t in 2020, as emissions covered by the ETS are expected to…
Read moreRussian coal production drops 9% in first quarter
(Montel) Russian run-of-mine coal production declined 9.4% year on year in the first quarter, to 97.9m tonnes,…
Read moreAnglo American revises down 2020 coal forecast 15%
(Montel) Anglo American has revised down its production forecast for thermal coal for export for the year…
Read moreOil extends gains but storage, oversupply concerns remain
(Montel) Oil prices extended the previous day’s gains early on Thursday, although analysts said the rebound may be…
Read moreGerman spot power eyes 29% drop as wind output set to jump
(Montel) German day-ahead power looked set to fall EUR 8 on Thursday as an expected surge in wind…
Read moreEUAs jump EUR 1 on EDF outages, oil rebound
(Montel) Europe’s benchmark carbon contract gained more than EUR 1 on Wednesday as French utility EDF extended…
Read moreLobby groups urge 10% green gas target for 2030
(Montel) Twelve European gas TSOs, firms and associations have urged the European Commission to introduce a 10%…
Read morePandemic “catastrophe” for small French suppliers – experts
(Montel) The fall in French energy demand since mid-March will hit small energy suppliers, serving professional or industrial…
Read moreFrench power prices jump after EDF extends outages
(Montel) French power prices jumped across the board on Wednesday, with the day-ahead contract doubling to EUR 17.75/MWh,…
Read moreGerman front quarter power rises on French nuclear outages
(Montel) German power front-quarter prices rose around 6% on Wednesday amid concerns about tightening supply after French utility…
Read moreCovid-19 to curb EU power prices to 2022 – study
(Montel) A recession owing to the coronavirus pandemic is likely to supress European power prices for at…
Read moreGerman power demand to soar 50% by 2050 – TSO
(Montel) Germany’s net power demand should soar more than 50% on current levels to roughly 800 TWh in…
Read moreEDF extends outages at 42 reactors (45 GW) on virus crisis
(Montel) EDF has extended outages at 42 of its 58 French reactors, representing 45 GW of capacity, by…
Read moreFocusEconomics revises down 2020 coal price 3.5%
(Montel) Benchmark Newcastle coal prices could average USD 66.30/t this year, down 3.5% – or USD 2.40…
Read moreFront-month gas contracts edge up on carbon
(Montel) Front-month gas contracts in the UK and on the continent edged up on Wednesday on the back…
Read moreVirus to have GBP 60m impact on Drax full-year earnings
(Montel) UK independent power generator Drax anticipates the coronavirus pandemic to hit earnings this year by GBP…
Read moreGlobal demand for coal imports may decline 7% – Noble
(Montel) Global demand for seaborne thermal coal imports could decline 7% this year to 927m tonnes amid…
Read moreBNA “investigating responses” in market manipulation probe
(Montel) All 11 firms suspected of potential market manipulation under the EU’s Remit guidelines in Germany last June…
Read moreNordic power slides on Germany, wetter weather forecasts
(Montel) Nordic power contracts were down on Wednesday, tracking lower German prices and encountering weather forecasts of a…
Read moreColombia coal exports to Europe plunge 50% in March
(Montel) Colombian thermal coal exports to northwest Europe and Mediterranean countries dropped nearly 50% in March to…
Read moreGerman spot power eyes three-fold jump as wind output drops
(Montel) German day-ahead power prices were on track to rise more than three-fold to a six-day high as…
Read moreOil rout continues as Brent falls to lowest since 1999
(Montel) International oil prices plunged to the lowest level in more than two decades early on Wednesday amid…
Read moreVattenfall halves planned dividend payment amid pandemic
(Montel) Vattenfall’s board of directors will halve the company’s proposed dividend to the Swedish government to SEK 3.6bn…
Read morePrompt coal slumps to fresh 4-year lows
(Montel) European prompt coal prices fell to fresh four-year lows on Tuesday in line with a collapsing…
Read moreSpanish TSO sees stable gas demand after big drop in April
(Montel) Spain’s demand for natural gas should stabilise this year following big drops in March and April…
Read moreGerman power falls with CO2, gloomy economic outlook
(Montel) The German front-year contract fell on the back of a lower CO2 price on Tuesday, as…
Read moreGermany’s BNA warns trading firms over irregularities
(Montel) Germany's network regulator issued a formal warning to two power trading firms, holding them responsible for…
Read moreBrent crude dives 20% to 19-year low
(Montel) Benchmark Brent crude prices plunged around 20% to a 19-year low on Tuesday, extending recent losses as…
Read moreTTF spot gas hits fresh low of EUR 5.80 amid oversupply
(Montel) The Dutch TTF day-ahead contract dropped for the first time below EUR 6/MWh amid plentiful of…
Read moreEDF agrees with court ruling on fixed prices
(Montel) EDF on Tuesday welcomed a court ruling that denied a request by power suppliers to stop…
Read moreNordic power futures fall on lower CO2 prices
(Montel) Nordic power futures slumped on Tuesday morning, taking a cue from weaker carbon prices in the…
Read moreCovid-19 measures reduce BHP thermal coal output
(Montel) Mining firm BHP’s thermal coal output declined 14% to 5.8m tonnes in the January-March, as measures…
Read moreEDP nets 59 MW green PPA in Spain
(Montel) Portuguese utility EDP has secured a 59 MW power purchase agreement (PPA) to sell the output from…
Read moreEneco appoints As Tempelman as CEO from 1 July
(Montel) Dutch utility Eneco has appointed As Tempelman as its new CEO from 1 July, it said on…
Read moreCarbon retreats amid slack demand
(Montel) European carbon prices dropped back down to EUR 21/t on Monday, amid slack demand, while a…
Read moreEndesa starts work on 100 MW solar units in southern Spain
(Montel) Spanish utility Endesa has started construction work on two solar plants located in southern Spain – near…
Read moreGlobal clean power growth hits milestone in 2019
(Montel) Renewable energy generation increased last year for the first time by more than a rise in…
Read moreWeaker fuels, bearish outlook pressure German power curve
(Montel) Weaker fuel prices across the board and a bearish renewables picture pressured curve prices on Monday and…
Read moreSpot plunges to EUR -90 in Belgium, EUR -80 in Germany
(Montel) Hourly day-ahead prices in Germany plunged to EUR -84/MWh while those in Belgium crashed as low…
Read moreSpanish power to trade sideways as rain offsets low wind
(Montel) Spanish spot power prices this week are set to remain largely unchanged amid heavy rain across…
Read moreGas prices slump to fresh multi-year lows
(Montel) European gas contracts slumped to fresh multi-year lows on Monday as the market continued to be…
Read moreCoal faces further losses on slack demand
(Montel) Atlantic basin coal prices will likely lose more ground this week, as slack demand and a…
Read moreNordic front power drops on wetter weather outlook
(Montel) The front end of the Nordic power curve softened on Monday amid signals of wetter weather from…
Read moreItalian, Spanish power demand extends recovery – EQ
(Montel) Power demand in Italy and Spain continued to recover last week from a sharp plunge brought…
Read moreVattenfall faces challenges but plays down bankruptcy risk
(Montel) Swedish energy major Vattenfall on Monday played down the risk of bankruptcy after it was revealed last…
Read morePolish solar lobby urges more clarity on tenders
(Montel) The Polish government should publish a five-year plan for auctions to bring more stability to the renewables…
Read moreGerman spot power set for negative settlement
(Montel) German baseload spot power prices looked set to settle in negative territory for Tuesday, the first time…
Read moreEU day-ahead markets see 6th week of negative hourly prices
(Montel) Hourly day-ahead power in several European markets dropped to negative prices for a sixth consecutive week, with…
Read moreOil prices fall as US crude hits lowest point since 1999
(Montel) Oil prices continued their downturn on Monday, with US crude hitting its lowest level in more than…
Read moreAustria ends coal-fired generation with Verbund decision
(Montel) Austrian utility Verbund has stopped coal-fired power generation at its Mellach combined heat and power plant (225…
Read moreCO2 fundamentals signal price drop but outlook uncertain
(Montel) Fundamentals indicate a price drop for the carbon market but the outlook remains uncertain after speculative trading…
Read moreIbox Energy to build 200 MW of solar capacity in Spain
(Montel) Photovoltaic developer Ibox Energy, a joint venture of Spain's Ibexia and Cox Energy, started building 200…
Read moreGerman power extends gains on France nuclear cut, CO2
(Montel) German front-year power hit a five-week high on Friday, fueled by a cut to French nuclear output…
Read moreUK spot gas nears 11-yr low on slack demand, strong supply
(Montel) The UK’s NBP day-ahead gas contract hit a fresh 10.5-year low on ample supply and slack…
Read moreFrance to see new reactor maintenance calendar in days
(Montel) French utility EDF will soon present an updated calendar of reactor maintenance outages, after the previous…
Read moreNordic front dips despite dry outlook on healthy hydrology
(Montel) The front end of the Nordic power curve was falling on Friday despite a dry weather outlook…
Read moreGerman spot power set for EUR 3 rise next week
(Montel) German spot power prices looked set to rise around EUR 3, roughly 20%, next week despite a…
Read moreUkrainian power exports surge to near 6-year high
(Montel) Ukrainian power exports in March surged 32% on the year to a near six-year high of…
Read moreGreen Power Hub enters clearing agreement with Nasdaq
(Montel) Green Power Hub (GPH) has entered an agreement with the Nasdaq Commodities exchange to clear Elcert trades…
Read moreEndesa cancels 2 US LNG cargoes on demand slump
(Montel) Spanish utility Endesa has cancelled two LNG cargoes for June and July amid plunging demand for gas,…
Read moreVattenfall cuts costs to survive coronavirus crisis – report
(Montel) Swedish utility Vattenfall has asked contractors to take a 20% pay cut as it struggles for survival…
Read moreOil trades flat as Opec warns demand will crash to 30-yr low
(Montel) Oil was trading flat on Friday – with WTI below USD 20/bbl – as Opec forecast demand…
Read moreCO2, fuels jump on French nuclear concerns
(Montel) European carbon and fuel prices rebounded on Thursday after the announcement of lower nuclear production expected in…
Read moreEU coal plant outlook remains bleak over summer – Storm Geo
(Montel) There will be little need for coal-fired generation until the end of the summer amid lower demand…
Read moreNordic power use falls 4% on virus impact – analyst
(Montel) Power consumption in the Nordic region has fallen around 4% amid the coronavirus pandemic, analysts Storm Geo…
Read moreGerman power jumps EUR 2.50 on CO2, French nuclear woes
(Montel) German curve power contracts rose nearly EUR 3 on the back of a higher carbon price…
Read moreAnalysts cut German front-year power forecast 15% on crisis
(Montel) Analysts have slashed their forecasts for average German front-year power 15% this year to reflect demand destruction…
Read moreEDF cuts 2020 nuclear output goal by 20% to 300 TWh
(Montel) EDF has reduced its 2020 nuclear output target by up to 20% to 300 TWh due to…
Read moreCovid-19 measures to reduce UK summer gas demand – TSO
(Montel) Nationwide efforts to combat the spread of the coronavirus will see UK gas consumption this summer…
Read moreGerman spot power firms amid less wind
(Montel) German day-ahead power traded a shade up early on Thursday morning as below-average demand should mostly offset…
Read moreCrude gains after US oil hits 18-year low
(Montel) Crude oil prices were slightly higher in early trading on Thursday, but in the prior session…
Read moreVirus to hit gas plants’ revenues most in Germany – Icis
(Montel) Germany’s gas-fired turbines are likely to see their revenues fall more sharply than those of other…
Read moreGerman front month falls on low demand, strong renewables
(Montel) German power for delivery next month fell for the second day in succession on Wednesday as strong…
Read moreUK spot gas slumps to 10.5-year low on Great Lockdown
(Montel) The UK’s day-ahead gas price slumped to its lowest in 10.5 years on Wednesday on low demand…
Read moreNordic power falls on strong hydrology, weaker CO2
(Montel) Nordic power futures fell despite drier weather forecasts on Wednesday, as traders still found the hydrological…
Read moreOil demand to fall by record 9.3m bbl/day in 2020 – IEA
(Montel) Global oil demand may fall by a record 9.3m bbl/day in 2020, as efforts to stem…
Read moreGerman spot power eyes 4-week high as wind output plunges
(Montel) German day-ahead power prices were on track to deliver at a one-week high amid a 50% drop…
Read moreFrench front-month power dives 9% on lockdown extension
(Montel) French front-month power prices fell 9% on Tuesday following the extension of a lockdown until 11 May…
Read moreS Africa coal export supply sufficient despite lockdown
(Montel) South Africa has extended its 21-day lockdown by two weeks – until 30 April – raising…
Read moreNORDIC – Front edges up on dry outlook
(Montel) Nordic near-dated power futures firmed on Wednesday after weather forecasts turned drier and colder over the long…
Read moreEDF to “significantly” cut 2020-21 nuclear output targets
(Montel) French utility EDF will “significantly” cut its 2020 and 2021 nuclear output targets due to the impact…
Read moreGerman academics urge power market reforms in wake of virus
(Montel) Germany should focus on sustainability and power market reforms as it seeks to revitalise its economy after…
Read moreFrench spot power hits record low on demand dearth
(Montel) French day-ahead baseload power plunged to a record low of EUR -6.51/MWh for Monday delivery amid weak…
Read moreOil firms as Opec secures global cuts but doubts remain
(Montel) Oil prices firmed on Tuesday amid the securing by Opec of a global cut deal to shore…
Read moreNordic spot power hits record low over Easter weekend
(Montel) The Easter weekend saw the two lowest spot prices for Nordic power since the euro was introduced…
Read moreGerman baseload prices sink to EUR -15.97/MWh for Monday
(Montel) German day-ahead baseload power plunged to a four-month low of EUR -15.97/MWh for Monday delivery as strong…
Read moreSpanish power demand hits 20-year low
(Montel) Spain’s power demand totalled 474 GWh (19.8 GW) on Sunday, its lowest for 20 years, according…
Read moreFrench gas demand dives 25% due to lockdown – TSOs
(Montel) French gas demand has dived by a quarter since mid-March amid the economic slowdown caused by the…
Read morePolish power demand could fall 20% amid lockdown – analysts
(Montel) Polish baseload power demand could shrink by 20% year-on-year as more factories shut down or reduce output…
Read moreGas prices fall amid weak demand, oversupply
(Montel) European gas prices for delivery next month fell on Thursday amid ample supply, healthy expected renewables generation,…
Read moreGlobal coal production to grow just 0.5% in 2020 – study
(Montel) Global coal production is set to grow by just 0.5% in this year, as efforts to…
Read morePacific benchmark coal prices slump to 7-month low
(Montel) Asia-Pacific benchmark coal prices have fallen to their lowest in seven months on Thursday on diminishing…
Read moreGerman spot power to slide EUR 4 next week on more wind
(Montel) German spot power prices looked set to drop EUR 4 next week, amid strong wind generation…
Read moreOil prices rise as hopes of production cut agreement grow
(Montel) Oil prices rose on Thursday amid growing hopes of a production cut being agreed later at a…
Read moreCO2 extends gains on hedging, virus hope
(Montel) European carbon prices extended gains for the third consecutive day on Wednesday, with some market participants…
Read moreEDF to close Fessenheim reactor on 30 June despite virus
(Montel) EDF will definitively shut down its Fessenheim 2 (880 MW) reactor on 30 June ,as planned, despite…
Read moreEU power to plunge EUR 14 on virus-led downturn – analysts
(Montel) Average European day-ahead baseload power prices could plunge EUR 13.80 next year if the continent experiences a…
Read moreDutch to meet emissions target due to Covid-19 impact – ING
(Montel) The Netherlands is likely to meet its target of cutting carbon emissions by 25% on 1990…
Read moreGerman power curve tracks weaker CO2, fuels lower
(Montel) Forward German power prices tracked activity in carbon, coal and gas on Wednesday to fall from…
Read moreNordic power slides as fuels, CO2 retreat
(Montel) Nordic power futures slid on Wednesday, in line with weaker fuels and carbon, paring gains seen in…
Read moreVirus stimulus risks locking in unprofitable coal – study
(Montel) Efforts to counter an economic downturn from the coronavirus risk locking in investments in coal plants…
Read moreGerman spot power eyes 9% fall from 3-week high on more wind
(Montel) German day-ahead power prices were on track to fall 9% from their three-week high amid higher wind…
Read moreGermany may see repeat of record hot, dry summer
(Montel) Germany may see another hot summer with potentially low river levels, which in 2018 and 2019 led…
Read moreOil prices rise more than USD 1 on meeting optimism
(Montel) Oil prices gained more than USD 1 in early trading on Wednesday amid optimism by market…
Read morePlunge in European power demand stabilises – EQ
(Montel) The large fall in European power demand seen during lockdowns aimed at battling the coronavirus is…
Read moreCoal miner declares force majeure in South Africa
(Montel) Australian mining firm South32 has declared force majeure on exports from its South African operations amid…
Read morePandemic to cut 2020 EU emissions – analysts
(Montel) The coronavirus pandemic is likely to reduce EU ETS emissions by 100m-400m tonnes of CO2 in 2020,…
Read moreCO2 tops EUR 21 as energy rally enters fourth day
(Montel) EUAs rose above the EUR 21/t mark for the first time in three weeks as energy prices…
Read moreNordic front-year power hits 3-week high on CO2 rally
(Montel) The Nordic front-year contract hit a three-week high of EUR 21.80/MWh on Tuesday, amid further gains on…
Read moreGerman spot power to jump 5% on below average wind
(Montel) German day-ahead power prices looked set to rise around EUR 1 on Tuesday as wind generation drops…
Read moreRepower earnings soar 84% on “smart hedging strategies”
(Montel) Swiss utility Repower saw an 84.4% year-on-year increase in earnings before interest and tax (Ebit) to CHF…
Read moreOil rises on hopes of Saudi, Russian production cut deal
(Montel) Oil prices were rising on Tuesday as hopes grew of a production cut deal brokered by Saudi…
Read moreFrance’s Arenh reform likely to be delayed – experts
(Montel) The reform of France's Arenh nuclear scheme will likely be put on hold while the government battles…
Read moreVolatile markets increase demand for hedging – Statkraft
(Montel) Insecurity on the energy markets and volatile power prices due the impact of the coronavirus crisis have…
Read moreGAS – UK spot rebounds from 10-year low on less supply
(Montel) The UK’s NBP day-ahead gas contract rebounded on Monday from a 10-year low, supported by waning…
Read moreEUAs rally above EUR 19/t in line with wider market
(Montel) EU carbon rose above EUR 19/t for the first time in nearly three weeks amid a general…
Read moreNordic power curve rises on drier weather, stronger fuels
(Montel) Nordic futures were rising on Monday amid a drier weather outlook, stronger fuels and a rebound in…
Read moreGerman spot power eyes 37% rise as wind plunges
(Montel) German spot power prices looked set to increase 37% on Monday morning as forecasts showed a nearly…
Read moreGerman hourly power drops to EUR -50.26/MWh for Sunday
(Montel) German day-ahead power prices plunged as low as EUR -50.26/MWh on an hourly basis for a fourth…
Read moreOil prices drop 10% amid doubts on output cut meeting
(Montel) Oil prices dropped more than 10% in early trading on Monday as market players expressed scepticism that…
Read moreCoal hits 3-week low on ailing demand
(Montel) European nearby coal prices fell to three-week lows in Friday trading as ailing demand and sufficient…
Read moreCarbon set to retreat after surge
(Montel) EUA prices were expected to drift back from recent high levels in the coming days unless there…
Read moreEuropean LNG imports to drop 2% this year – analysts
(Montel) European LNG imports are expected to decline 2% in 2020 – with major falls anticipated for Italy…
Read moreSpot gas contracts slump to fresh multi-year lows
(Montel) Spot gas contracts on the Dutch TTF and the UK’s NBP hit fresh multi-year lows on…
Read moreGerman warm spell to last throughout April
(Montel) Germany should see a sharp shift to warmer weather from Sunday, with forecasters expecting temperatures to…
Read moreOil tops USD 32 after record 1-day climb
(Montel) Oil prices turned higher and rose above USD 32/bbl on Friday, a day after they posted record…
Read moreGerman spot power eyes 8-year low next week
(Montel) German spot power prices looked set to plunge to an 8-year low next week, amid near-record solar…
Read moreGermany set for mild weather, 30 GW solar next week – Ubimet
(Montel) Temperatures in Germany will rise to as much as 7C above normal next week, while solar power…
Read moreCO2 rises as oil buoys energy complex
(Montel) European carbon prices rose on Thursday as higher oil prices lifted the whole energy complex, though it…
Read moreGerman Cal 21 power firms as energy complex rebounds
(Montel) Germany’s benchmark power price advanced on Thursday, taking a cue from a rebound in energy and…
Read moreRystad slashes forecast for average TTF gas price 16%
(Montel) Consultancy Rystad Energy slashed its forecast for average TTF gas prices this year by 16% amid…
Read moreEU ETS 2019 emissions drop beats expectations – analysts
(Montel) EU ETS installations pumped out 2.5% less carbon emissions in 2019 than previously expected, according to an…
Read moreGas prices rebound from multi-year lows
(Montel) European gas prices rebounded from multi-year lows in early Thursday trading, amid a slight shortfall in…
Read moreLow prices force Vattenfall to cut Swedish nuclear output
(Montel) Power prices around EUR 5/MWh are forcing Vattenfall to reduce output at its Swedish nuclear fleet, the…
Read moreTighter supply lifts Newcastle coal, though outlook softens
(Montel) Mining disruptions in South Africa and recovering Chinese demand supported the seaborne coal market in Asia…
Read moreNordic power front year rises with fuels, CO2
(Montel) Nordic power for delivery next year edged higher on Thursday, clawing back from a recent record low…
Read morePoland’s Tauron posts 14% drop in 2019 power output
(Montel) Polish utility Tauron produced 14 TWh in 2019, 14% less than in 2018 amid more imports, higher…
Read moreUN climate summit in Glasgow gets postponed to next year
(Montel) The UN climate talks due to take place in Glasgow in November have been postponed due to…
Read moreOil prices jump 10% after Trump expects end to price war
(Montel) Oil prices climbed around 10% early on Thursday after the US president said late in the previous…
Read moreGerman spot power eyes EUR 20 as solar drops, wind rises
(Montel) German day-ahead power traded a shade up early on Friday morning as forecasts indicated that a drop…
Read moreFrance’s March nuclear output falls to 29-year low
(Montel) French nuclear output fell 18% to 30.6 TWh in March, its lowest level for the month since…
Read moreGerman ETS emissions post 14% fall in 2019 – agency
(Montel) Emissions from German installations covered by the EU ETS dropped by 14% year on year in 2019,…
Read moreCO2 price may plumb fresh lows this month on virus impact
(Montel) The coronavirus pandemic is likely to maintain pressure on carbon prices in April, potentially sending them…
Read moreCoal hits 2-week low as supply concerns ease
(Montel) European front-month coal prices fell to a two-week low on Wednesday as concerns about reduced supply…
Read moreNordic power-intensive industry cuts output on lockdown
(Montel) Norwegian paper manufacturer Norske Skog and Swedish steel manufacturer SSAB are slashing output as the coronavirus…
Read moreLargest EU ETS emitters cut 2019 CO2 by 19.5% – analyst
(Montel) The 50 largest emitting installations in the EU ETS reduced their CO2 emissions by 86m tonnes, or…
Read moreCovid-19 increases fears of French supply crunch
(Montel) The coronavirus crisis has heightened fears of a power supply crunch in France this winter, analysts and…
Read moreGas prices hit fresh lows as demand concerns bite
(Montel) Gas prices in the UK and the Netherlands fell to fresh multi-year lows on Wednesday as concerns…
Read morePandemic to slash profits at gas, green units – study
(Montel) Lockdown measures to halt the spread of the coronavirus will slash the profitability of utilities’ gas…
Read moreNordic power hits fresh low on strong hydrological surplus
(Montel) Nordic power futures fell across the board on Wednesday, with contracts close to delivery hitting fresh lows…
Read moreRenewables cover record 52% share of German demand in Q1
(Montel) Renewable energy covered a record 52% of gross domestic power demand in the first quarter, as robust…
Read moreUK gas to hit “uncharted territory” in April as virus grips
(Montel) UK gas prices were set to hit “uncharted territory” this month, slumping to fresh lows amid…
Read moreRussian coal ports maintain exports despite pandemic
(Montel) Two of Russia’s largest coal export hubs will continue to operate, albeit under stricter health and…
Read moreFinerge buys 30 MW of solar capacity in Portugal
(Montel) Portugal’s second largest wind company, Finerge, has bought four operating solar farms – totalling 29.8 MW…
Read moreGerman spot power eyes 20-year low on virus, renewables
(Montel) German spot power in April could deliver as low as EUR 15/MWh – a 20-year low…
Read morePGE posts 80% rise in 2019 wholesale power sales
(Montel) Polish utility PGE sold 61.4 TWh of output on power exchange TGE and the balancing market in…
Read moreOil prices edge down on oversupply concerns
(Montel) Oil prices eased in early Wednesday trading amid concerns about oversupply as the spread of coronavirus continued…
Read moreEDF prioritises 5 reactor restarts for “post-crisis” demand
(Montel) EDF is focusing its efforts on restarting five reactors (4.5 GW) on schedule as it juggles…
Read moreSpain’s solar sector sees quick rebound after virus slowdown
(Montel) Spain’s solar industry is expecting a rebound in the wake of the coronavirus pandemic that has…
Read moreGerman power futures rebound but outlook remains bleak
(Montel) German power futures rose around 3% on Tuesday amid stronger CO2 prices, although market participants questioned whether…
Read moreEU gas set to fall EUR 1 to fresh lows in April
(Montel) Continental European gas prices are set to decline by EUR 1 to record lows as the…
Read moreGerman wind PPA market pauses amid Covid-19 – consultant
(Montel) The drop in power prices amid the ongoing Covid-19 crisis has idled Germany’s market for onshore wind…
Read moreTTF gas bounces back from record lows
(Montel) European gas prices rebounded off record lows on Tuesday while oil and carbon also climbed, though…
Read moreSouth Africa coal exports drop 19% to 6-month low
(Montel) South Africa’s thermal coal exports in February fell 19% on the year to a six-month low,…
Read moreNordic spot to hit record April low on surplus, virus
(Montel) A huge surplus in hydropower stocks, coupled with lower demand amid the coronavirus pandemic, should see Nordic…
Read moreEUAs climb above EUR 18 amid energy rally
(Montel) EUA prices climbed back above EUR 18/t for the first time in 10 days as buyers returned…
Read moreDemand dearth to offset coal output curbs in April
(Montel) European coal demand will continue to suffer from a severe coronavirus-linked reduction in industrial activity in…
Read morePGNiG wins USD 1.5bn in arbitration case with Gazprom
(Montel) Poland's gas monopoly PGNiG has said a ruling by an international arbitration court in its favour means…
Read moreCovid-19 crash to speed green shift for oil firms – analysts
(Montel) The coronavirus outbreak and accompanying oil price crash – which have seen levels slump to near two-decade…
Read moreOil firms but near multi-year lows as "pain far from over"
(Montel) Oil prices firmed on Tuesday but remained near multi-year lows amid tanking demand due to the impact…
Read moreHydrogen economy needs USD 150bn kickstart – BNEF
(Montel) Hydrogen could cleanly meet a quarter of the world’s energy by mid-century but it will need…
Read moreAnalysis predicts ETS emissions fell 7.2% in 2019
(Montel) Verified emissions at installations covered by the EU ETS declined by around 7.2% year on year…
Read moreEC must adjust MSR or cut free CO2 allocation – key MEP
(Montel) The European Commission’s next review of the EU ETS should take into account the coronavirus pandemic’s impact…
Read moreWeak demand sees EU port coal stocks drop 4% in Q1
(Montel) Coal inventories at key northwest European dry bulk terminals averaged 6.19m tonnes in the first three…
Read moreGerman front-week power rises as pace of demand drop slows
(Montel) German power for delivery next week climbed 9% on Monday amid expectations that demand would fall at…
Read moreFront-month gas hits record low under EUR 7
(Montel) Dutch TTF front-month gas dived to a record low below EUR 7/MWh on Monday due to…
Read moreWeak demand keeps pressure on coal prices
(Montel) European coal prices will likely fall further this week amid sluggish demand, though the looming threat…
Read moreNordic power futures plumb new lows on robust hydro supply
(Montel) Nordic power front month and quarter contracts dipped to fresh lows on Monday as weather forecasts showed…
Read morePortugal delays 700 MW solar tender due to outbreak
(Montel) Portugal has delayed a 700 MW solar tender in the south of the country due to…
Read moreGerman spot power eyes 14% rise as wind output halves
(Montel) German spot power prices looked set to increase 14% on Monday morning as forecasts showed wind output…
Read moreUS oil falls below USD 20/bbl amid ongoing pandemic concerns
(Montel) The price of WTI crude oil dipped below USD 20/bbl in early trading on Monday as the…
Read moreGerman hourly power drops to EUR -15.80/MWh for Sunday
(Montel) German day-ahead power prices plunged to EUR -15.80/MWh on an hourly basis on Sunday amid strong wind…
Read moreBelgian, Dutch power demand fall amid virus curbs – TSOs
(Montel) Belgian power demand has dropped up to 25% at times this week compared to early March,…
Read moreUkraine coal consumption drops 16% in Jan-Feb
(Montel) Ukrainian thermal coal consumption in January-February fell nearly 16% year on year to 6.74m tonnes, as…
Read moreEnergy complex falls across board as economic fears grow
(Montel) Prices across the European energy complex fell across the board on Friday, while Brent crude hit a…
Read moreBrent crude tumbles to fresh 17-year low
(Montel) Benchmark Brent crude oil prices plunged to a new 17-year low on Friday amid ongoing fears of…
Read moreOutbreak to stall pipeline of clean power projects – Rystad
(Montel) The coronavirus pandemic looks set to slash global investment in renewable energy for the next two…
Read moreCO2 set to fall further as uncertainty continues
(Montel) European carbon prices are likely to test the lower end of their current wide range next week…
Read moreCO2 to end 2020 at EUR 16.30/t on pandemic impact – Icis
(Montel) EUA prices will end 2020 at EUR 16.30/t, a drop of EUR 4.90 from a previous forecast…
Read moreGas prices extend record lows in oversaturated market
(Montel) European gas contracts fell to fresh record lows on Friday as lockdown measures to curb the…
Read morePace of virus power demand loss is slowing – EQ
(Montel) European countries are continuing to see power demand fall due to efforts to contain the coronavirus,…
Read moreFrench regulator rejects force majeure over nuclear supply
(Montel) France's CRE energy regulator has rejected demands by EDF's rivals to declare force majeure on their nuclear…
Read moreAnglo American coal output to drop 10% on S Africa lockdown
(Montel) Anglo American will see between 1.5-2m tonnes of export thermal coal this year impacted by a…
Read moreGermany to see warm weather from mid-April after cold snap
(Montel) Germany should continue to see temperatures significantly below normal next week before levels rise to above average…
Read moreNordic front power extends lows on wet outlook
(Montel) The Nordic power July and Q3 contracts slumped to fresh lows on Friday as persistent wet weather…
Read moreGerman spot power eyes 5% gain next week on less wind
(Montel) German power spot prices looked set to rise 4.8% next week amid an expected drop in…
Read moreEU power prices could drop 40% on recession – Thema
(Montel) Continental European power prices could fall by up to 40% to EUR 20-25/MWh on average next year…
Read moreOil prices edge higher despite plunge in demand
(Montel) Oil prices gained slightly on Friday as the US Congress worked toward passage of a USD 2…
Read moreGerman 300 MW onshore wind tender 50% undersubscribed
(Montel) Germany’s latest tender for onshore wind power (300 MW) was 50% undersubscribed, raising concerns in the German…
Read moreFortum backs Uniper carbon strategy as it acquires majority
(Montel) Finnish utility Fortum said it supported Uniper’s new strategy for carbon neutrality in Europe by 2035, as…
Read moreEC sticks to 31 March ETS deadline for 2019 compliance
(Montel) The European Commission insisted on Thursday that reporting of verified emissions for 2019 must occur by 31…
Read moreCO2 to average EUR 18-22/t in 2020 on demand dip – analysts
(Montel) EUA prices will average between EUR 18-22/t over the course of 2020 – down as much…
Read moreCO2 recovers but no end in sight to bearishness
(Montel) Carbon prices bounced back from a 6.5% intraday loss to trade largely unchanged on Thursday afternoon as…
Read moreFrench nuclear watchdog to inspect reactors “remotely”
(Montel) France's nuclear safety authority ASN has suspended onsite inspections at EDF's nuclear reactors in favour of “remote…
Read moreGerman Q2 power slumps to record low as lockdown continues
(Montel) German Q2 power fell to a fresh contract low – and the lowest for a front…
Read moreTTF gas may bottom out at EUR 6/MWh this summer – Refinitiv
(Montel) European summer gas prices are likely to bottom out at EUR 6/MWh this year as producers…
Read moreGerman grid expansion faces delays due to health crisis
(Montel) The expansion of the German power grid faces setbacks because of the coronavirus and could fall…
Read moreTTF front-month gas slumps to 17-year low on falling demand
(Montel) Front-month gas on the Dutch TTF hub slumped to a 17-year low on Thursday as demand…
Read morePolish power system to see plentiful supply in April – TSO
(Montel) Poland’s power system will see no days of tight supply next month, compared to 11 in March,…
Read moreNordic April power hits new low on wet outlook, demand woes
(Montel) Nordic power futures fell on Thursday as fresh forecasts showed wet weather on the horizon and amid…
Read moreStable demand, mine closures support Newcastle coal prices
(Montel) Asia's benchmark thermal coal price drifted marginally higher in the week to Thursday as Australia's core…
Read moreENBW increases hedging by 10 percentage points in Q4
(Montel) German utility ENBW increased its forward sales for 2020-22 power by 10 percentage points quarter on quarter…
Read moreOil prices retreat on recession, oversupply concerns
(Montel) Oil prices edged lower in early Thursday trading as investors’ concerns about oversupply and global recession outweighed…
Read moreGerman spot power set to firm as wind, solar output eases
(Montel) German day-ahead power prices looked set to edge up amid lower wind and peak solar generation…
Read moreLockdown likely to delay French renewable projects
(Montel) New wind and solar projects in France could be delayed by three to six months due to…
Read moreGas prices mark fresh lows on warmer forecast, less demand
(Montel) Gas prices declined to new lows on Wednesday on a warmer outlook and lower demand.…
Read moreGerman power resumes slide amid ongoing concerns
(Montel) Forward German power prices resumed a slide on Wednesday as observers doubted a recovery could be…
Read moreNorway puts 1.4 GW North Connect project on hold
(Montel) The Norwegian government has put on hold the proposed 1.4 GW North Connect interconnector to Scotland "for…
Read moreEDF curbs work, slashes staff at UK's Hinkley Point on virus
(Montel) EDF has halted all but “critical” work at its Hinkley Point nuclear plant build in England to…
Read moreGerman nuclear maintenance unchanged despite health concerns
(Montel) German power plant operators will stick to scheduled nuclear maintenance plans despite health concerns among workers amid…
Read moreLimited demand fall so far on coronavirus – Nordic TSOs
(Montel) Efforts to curb the coronavirus have yet to make a strong impact on power consumption in Norway,…
Read moreNordic front power slides to fresh lows amid wet weather
(Montel) Nordic power futures near delivery slumped to fresh lows on Wednesday amid a wetter weather outlook, increasing…
Read moreEQ sees room for more lost power demand on virus
(Montel) Many European countries adopting strict measures to keep people from spreading the coronavirus may still see…
Read moreSpain’s lockdown may cause 20% drop in power, gas demand
(Montel) Spanish power and gas demand could contract as much as 20% amid a nationwide lockdown aimed…
Read moreJapanese consortium completes EUR 4bn acquisition of Eneco
(Montel The Japanese consortium of Mitsubishi Corp and Chubu Electric Power has completed its EUR 4bn acquisition…
Read moreBrent climbs towards USD 28 on coronavirus stimulus
(Montel) Oil prices pushed higher for the third consecutive session on Wednesday amid investor optimism about major stimulus…
Read moreGerman spot power set to fall 6% on more wind
(Montel) German spot power prices are set to fall almost 6% on Wednesday largely due to a rise…
Read moreEon unit steps up hedging for 2021 nuclear generation
(Montel) German utility Eon’s subsidiary Preussen Elektra had hedged 53% of its 2021 nuclear generation at EUR 47/MWh…
Read moreAustrian power demand falls 10% in week amid pandemic – TSO
(Montel) Austrian power demand dropped 10% last week amid government efforts to limit the spread of the coronavirus,…
Read moreFrench unions urge EDF to cancel some reactor maintenance
(Montel) French energy unions are urging EDF to postpone “non-essential” maintenance works on its reactor fleet to…
Read moreCarbon prices firm on Covid-19 stimulus measures
(Montel) European carbon and energy prices rose on Tuesday amid hopes that measures introduced by governments and actions…
Read moreWind farms (1.5 GW) off Dutch coast affirm launch this year
(Montel) Four offshore wind parks (1.5 GW) off the coast of Zeeland in the Netherlands were on…
Read moreEuropean wind projects face delays amid coronavirus
(Montel) New wind power projects across Europe could face delays this year due to disruptions in supply chains…
Read moreFrench industrial power demand set fall 20% – analyst
(Montel) Industrial power demand could fall 20% in France thanks to factory closures and slowing economic activity linked…
Read moreGerman power demand slid 5% on Monday – BDEW
(Montel) Germany’s energy industry group, the BDEW, said German power demand sank 5% on Monday compared to the…
Read moreGerman Cal 21 power climbs in line with coal, carbon
(Montel) German power futures edged higher on Tuesday, with a rebound in coal and carbon prices helping the…
Read moreChina’s virus experience suggests bleak outlook for EU gas
(Montel) China provides a case study of the potential hit to European gas demand from efforts to…
Read morePandemic to delay Swedish wind farm start-ups – developers
(Montel) The coronavirus pandemic could delay the start-up of wind farms under construction in Sweden although it was…
Read moreFront gas futures move higher on energy complex
(Montel) Front-month gas prices on Europe’s main hubs bounced back from multi-year lows on Tuesday, supported by…
Read morePolish front-week power slumps to 3-year low on demand dip
(Montel) Polish front-week baseload power slid to a three-year low on Tuesday amid a fall in demand due…
Read moreBelgian ministry warns of power undersupply by 2025
(Montel) Belgian regulator Creg’s approach to calculating power capacity after the country’s nuclear exit in 2025 cannot…
Read moreNordic power rebounds but strong hydro balance curbs rise
(Montel) Nordic power futures edged up on Tuesday morning, from record lows hit in the prior session,…
Read moreVirus lockdowns slash power demand in Italy, Spain, France
(Montel) European countries’ efforts to contain the coronavirus have caused widespread falls in electricity demand, with Italy,…
Read moreOil rises on emerging talks between US, Opec to curb crisis
(Montel) Oil prices rose on Tuesday amid an emerging alliance between the US and Opec to tackle…
Read moreSpanish TSO cuts gas forecast for March – update
(Montel) Spanish gas demand this month could total 30 TWh, 3.5 TWh less than initially forecast, while…
Read moreGerman EU ETS compliance leniency sparks call for EU clarity
(Montel) Germany has indicated that it will look leniently on any companies that fail to meet EU ETS…
Read morePoland’s capacity auctions for 2021 clear at EUR 62.18/kW
(Montel) Polish capacity auctions for installations providing back-up power for next year have cleared at EUR 62.18/kW, TSO…
Read moreGerman front-month power plumbs new low
(Montel) The front end of the German power curve fell as much as 16% to fresh lows on…
Read moreUkraine power use to fall 8% in March – TSO
(Montel) Electricity consumption in Ukrainian grid is set to fall by 8.2% in March compared to the same…
Read moreFrench power lobby opposes nuclear price corridor
(Montel) France's power industry lobby on Monday lashed out against the government’s plan to replace the rate at…
Read moreSpanish spot power to trade flat, forwards hit new lows
(Montel) Spanish spot power prices could trade sideways week on week as cooler weather offset the effects…
Read moreTTF front-month gas slumps to 15-year low
(Montel) The Dutch TTF front-month contract traded at levels not seen for at least 15 years amid…
Read moreEesti Energia eyes wind expansion in Baltic Sea region
(Montel) Estonian state-owned energy group Eesti Energia plans to expand wind power capacity in the Baltic Sea region…
Read moreNordic Q2 power hits fresh low amid demand concerns
(Montel) The Nordic power front-quarter contract hit a fresh low of EUR 8.30/MWh on Monday amid concerns about…
Read moreEU member states issue 72% of 2020 free EUA allocation
(Montel) EU member states have issued 547m EUAs out of a total allocation of 755m allowances for 2020,…
Read moreCO2 tumbles below EUR 15/t amid wider sell-off
(Montel) EU carbon prices tumbled more than 7% in early Monday trading as financial markets reacted negatively…
Read moreEDF to cut 2020 nuclear output target on virus disruption
(Montel) EDF will cut its 2020 nuclear output target due to the impact of the coronavirus pandemic…
Read moreGerman spot power eyes 15% gain on more demand, less wind
(Montel) German spot power prices should rise 15% on Monday on the back of increasing demand and falling…
Read moreGerman hourly power drops to EUR -55.05/MWh on Sunday
(Montel) German day-ahead power hit negative prices for seven hours on Sunday, reaching a trough of EUR -55.05/MWh…
Read moreBrent falls amid US indecision on virus response
(Montel) The price of Brent crude fell in early trading on Monday as stock markets dropped in reaction…
Read moreEquinor halts maintenance outages amid corona virus
(Montel) Norwegian energy major Equinor has postponed several planned maintenance stops at its oil and gas platforms over…
Read moreCoal rises but virus curbs rest of energy complex
(Montel) European coal prices rose on Friday even as other commodities fell amid eroding energy demand spurred…
Read moreEUAs likely to fall further amid worsening pandemic
(Montel) European carbon prices are likely to slide further next week amid flagging industrial output and power demand…
Read moreGerman April power hits record low on haemorrhaging demand
(Montel) The German front-month contract hit a record low on Friday amid haemorrhaging demand on the back of…
Read moreEarly closures won’t curb German lignite payouts – ministry
(Montel) Germany’s lignite operators are entitled to full compensation for closing their plants and mines negotiated with the…
Read moreUK gas prices slide amid further demand warnings
(Montel) UK gas prices slid on Friday amid further warnings about the coronavirus impact on demand, while contracts…
Read moreFrench gas consumption falls up to 15% – TSO
(Montel) French gas consumption fell up to 15% week on week as government measures to contain the spread…
Read moreNordic power futures extend gains on drier weather outlook
(Montel) Nordic power futures rose for the second consecutive day on Friday, with forecasts for drier weather providing…
Read moreGerman coal exit faces delay amid EC state aid probe
(Montel) Germany’s coal exit law faces delays as the European Commission must first assess whether the legislation is…
Read moreSpain’s industrial power demand dives 9% on virus – minister
(Montel) Spain has seen a near 9% drop in industrial power demand after a state of emergency was…
Read moreTotal acquires a 1 GW portfolio of wind power
(Montel) Oil giant Total has bought French developer Global Wind Power, acquiring a 1 GW portfolio of onshore…
Read moreExperts dispute analysis CO2 price fall will benefit coal
(Montel) The plunge in EU carbon prices will not lead to a shift back in favour of coal-fired…
Read moreBaltics need common bidding zone – Eesti Energia CEO
(Montel) The Baltic region needs to merge into a single power price zone and regulators should allow the…
Read moreRystad cuts European gas demand growth outlook by two thirds
(Montel) European gas demand growth in 2020 will be two thirds less than previously anticipated, at just…
Read moreUK power workers considered "key" amid coronavirus
(Montel) Employees in the power, gas and oil industries are among workers in “key sectors” that the UK…
Read moreGerman spot power eyes 11% rise next week as wind eases
(Montel) German power spot prices looked set to increase more than EUR 2, or 11%, next week…
Read moreOil prices gain as central banks battle virus
(Montel) Oil prices were trading higher on Friday after gaining more than 20% the day before as markets…
Read moreGerman power demand decline matter of days – lobby
(Montel) German power demand has not yet contracted compared to previous years, although the rollout of car plant…
Read moreRussian coal miner Mechel’s 2019 sales down 2%
(Montel) Leading Russian coal miner Mechel sold 5.2m tonnes of thermal coal in 2019, down by a…
Read moreGerman front-month power hits 18-year low on virus crisis
(Montel) The German April power contract traded at the lowest for a front month in 18 years amid…
Read moreAsian coal rises on stable demand despite oil plunge
(Montel) Benchmark coal prices in the Asia-Pacific region defied a coronavirus-induced collapse in oil markets to climb…
Read moreGas prices rise as commodity rout ebbs, short system
(Montel) Gas prices rose on Thursday as a rout on the related energy markets ebbed which buoyed the…
Read moreNordic power futures rise on drier outlook, stronger EUAs
(Montel) Nordic power futures traded higher Thursday morning from record lows on the back of drier forecasts and…
Read moreCarbon rebounds above EUR 16 amid modest spec buying
(Montel) Europe’s benchmark carbon price climbed back above EUR 16/t as some traders moved in to build long…
Read moreGas transit via Ukraine drops 53% in Jan-Feb
(Montel) Gas transit volumes via Ukraine in January-February plunged 53% on the year to 6.5bcm as mild…
Read moreNordic power consumption begins fall on virus outbreak
(Montel) Power consumption in the Nordic region has begun to drop as measures aimed at slowing the…
Read moreBrent climbs back to USD 26 but “supply shock” looms
(Montel) Oil prices rebounded from the previous day’s 2002-03 lows early on Thursday, yet analysts warned of renewed…
Read moreGerman spot power set to drop EUR 4 as wind output rises
(Montel) German day-ahead power prices looked set to drop on Thursday amid an expected increase in wind…
Read moreEuropean energy prices in tailspin as industry shuts doors
(Montel) Power and gas prices across Europe are chasing sharp losses on the carbon market on Wednesday,…
Read moreGerman front-year power hits 2-year low on CO2 plunge
(Montel) The German benchmark power contract plunged more than 6% to a 23-month low on Wednesday, as the…
Read moreCoronavirus restrictions delay Norwegian wind projects
(Montel) Travel restrictions amid the coronavirus pandemic will delay all wind farms currently under construction in Norway, the…
Read morePolish peak hour power demand falls 8% amid lockdown
(Montel) Poland’s peak hour demand for electricity has fallen 8% over the past week amid the country’s lockdown…
Read moreUK industrial power demand to fall amid pandemic – TSO
(Montel) UK power demand “is expected to reduce” mainly due to a decrease in use from industrial…
Read moreBrent crude plunges to lowest since 2003 as rout continues
(Montel) Brent crude oil prices plunged to the lowest level since 2003 on Wednesday as fears about…
Read morePoland’s TGE declares member insolvent, closes positions
(Montel) Polish power and gas bourse TGE has declared an unnamed member insolvent, and its clearing house IRGiT…
Read moreGas curve extends losses on demand woes
(Montel) European gas prices dropped for the third consecutive day on Wednesday as market participants continued to…
Read moreFrench price “corridor” plan will distort market – Efet
(Montel) The European Federation of Energy Traders (Efet) on Wednesday criticised the French government’s proposal to replace…
Read moreNordic power front futures hit fresh contract lows
(Montel) Nordic power futures close to delivery fell to fresh contract lows on Wednesday, as market participants responded…
Read moreSpain eyes warmer, drier spring – forecaster
(Montel) Spain could see above normal temperatures and rain below average this spring, national forecasting agency Aemet…
Read moreDutch coal ports bring in health checks due to outbreak
(Montel) Europe’s two main coal import ports of Amsterdam and Rotterdam have not yet experienced any delays…
Read moreCarbon drops below EUR 17 as sell-off extends for 6th day
(Montel) Europe's benchmark carbon price dropped for a sixth successive session on Wednesday, falling to its lowest…
Read moreRussian coal production slides 13% in February
(Montel) Russian run-of-mine coal production declined 13% on the month in February to 1.09m tonnes/day amid lower…
Read moreOil crash to support Asian coal-to-gas switch – WoodMac
(Montel) An oil price crash is likely to drive Asians to replace more coal with gas for…
Read moreVerbund curbs front-year hydropower sales by 38%
(Montel) Austria’s biggest power producer Verbund has curbed its front-year hydropower sales by 38% from a year ago.…
Read moreGerman spot power set to rise as wind drops
(Montel) German day-ahead power looked set to jump nearly EUR 5 on Wednesday amid an expected drop…
Read moreOil prices mark new 4-year low
(Montel) Crude oil prices slumped to a fresh four-year low early on Wednesday as market participants continued…
Read moreEUAs plunge below EUR 18/t
(Montel) European carbon prices plunged to a 16-month low on Tuesday, while coal prices resisted the bearish…
Read moreCoronavirus tears hole in Chinese gas demand
(Montel) The coronavirus has slashed natural gas demand in the world’s biggest importer of the fuel, though this…
Read moreFrench power demand falls further as businesses shutter
(Montel) French power demand fell further on Tuesday as an unprecedented lockdown to fight the spread of Covid-19…
Read moreEU power demand may drop 20% on virus
(Montel) Power demand across Europe could fall by 20% due to slowing economic activity amid draconian measures…
Read moreBundestag delays coal exit hearings due to virus
(Montel) The German parliament has delayed public consultations on the government’s planned coal exit law until beyond…
Read moreFocusEconomics revises down 2020 coal price 1.3%
(Montel) Benchmark Newcastle coal prices could average USD 68.70/t this year, down 1.3% – or USD 0.90…
Read moreVattenfall sells EV charging business in UK to Statkraft
(Montel) Swedish utility Vattenfall has sold its electric vehicle charging business in the UK – In Charge –…
Read moreCoal market cancels events due to pandemic
(Montel) The coal market’s main conference providers have cancelled or postponed a number of events over the…
Read moreChina reports 6% fall in coal production over Jan-Feb
(Montel) Chinese coal production fell 6.3% year-on-year over January and February, official data showed on Tuesday, as…
Read moreEnergy trades, playdough and fear amid pandemic lockdown
(Montel) Energy traders across Europe are trying to adapt to a new order of working from home or…
Read moreGerman front-year power hits 2-year low as market "panics"
(Montel) Germany’s benchmark power contract slid to a two-year low on Tuesday amid fears the coronavirus pandemic will…
Read moreNordic power to stay below EUR 10 until November – analysts
(Montel) The surplus in hydropower resources in the Nordic region combined with potentially lower consumption amid the coronavirus…
Read moreGas prices fall amid mild weather, virus crisis
(Montel) European gas prices fell on Tuesday as milder temperatures weighed on the short end and the continued…
Read moreCO2 breaches EUR 19/t to hit 15-month low
(Montel) European carbon prices tumbled below EUR 19/t on Tuesday – hitting a 15-month low – after the…
Read moreNordic front slides on rising hydropower output
(Montel) Nordic power futures continued to decline on Tuesday amid increased hydropower production and fears of an economic…
Read moreFrench power use dives 10% as economic activity hit – TSO
(Montel) French power demand fell “by around 10% compared to normal” on Monday, with new measures to…
Read moreGerman TSOs vow to maintain grid stability despite outbreak
(Montel) Germany's four TSOs are prepared for the impact of the coronavirus pandemic and have vowed to…
Read moreUkraine performs first gas transit between EU countries
(Montel) TSO of Ukraine has performed its first ever transit of gas between two EU countries, the…
Read moreGerman spot power to slide EUR 4 on rising wind
(Montel) German day-ahead power prices looked set to slide by nearly EUR 4, or 14%, on Tuesday…
Read moreBrent hovers near 4-year low as world “grinds to a halt”
(Montel) Oil prices crashed 10% in the prior session with Brent firming to just above USD 30/bbl on…
Read moreCoal, gas fall on ample supply, weaker demand
(Montel) European coal and gas prices dropped in tandem on Monday, with near-term contracts for both markets…
Read moreNorway's oil and gas output unaffected by virus – lobby
(Montel) The coronavirus pandemic has created logistical challenges for Norway's oil and gas sector but has not affected…
Read moreAustrian TSO takes steps to avoid pandemic hit to power grid
(Montel) Austrian Power Grid, the nation’s TSO, has reduced all but essential staff at key sites to ensure…
Read moreGerman power plumbs 2-year low as virus response deepens
(Montel) German benchmark power prices plunged again on Monday to hit some of their lowest levels in…
Read moreCoal-mining firms see no impact from pandemic for now
(Montel) Coal miners and export terminals have so far avoided any notable impact on operations linked to…
Read moreFrench power slides up to 19% as virus stokes demand fears
(Montel) French power prices slid up to 19% on Monday amid fears of falling industrial demand over…
Read moreUK utilities “well prepared” to cope with Covid-19 crisis
(Montel) Several energy utilities in the UK said they were “well prepared” for the Covid-19 disease sweeping…
Read moreGas prices fall amid ample supply
(Montel) European gas contracts slid on Monday as ample supply and modest demand combined with renewed selling…
Read moreSpanish spot power to dive EUR 5, forwards hit new lows
(Montel) Spanish spot power prices could dive around EUR 5 week on week, while forwards hit fresh…
Read moreBerenberg cuts 2020 EUA average price 11% amid virus impact
(Montel) Berenberg slashed its average price forecast for the benchmark European carbon contract this year to EUR…
Read moreGerman power volatility rises to highest since October 2018
(Montel) Volatility in the German power front-year contract – a European benchmark – rose to the highest since…
Read moreGerman emissions fall 6%, biggest drop in decade – ministry
(Montel) German greenhouse gas emissions recorded their sharpest drop since 2009 last year to fall by 6.3%…
Read moreNordic power contracts fall on market uncertainty
(Montel) Nordic power contracts were falling with the front year hitting a two-year low on Monday amid widespread…
Read morePolish power demand to slide, prices hit record lows
(Montel) Peak demand for Polish power is set to fall 6%, or 1.4 GW, week on week on…
Read moreEUAs hit 13-month low amid widespread weakness
(Montel) Europe’s benchmark carbon price plunged to a 13-month low in early trade on Monday as the spread…
Read moreFrench power demand set to fall amid lockdown – TSO
(Montel) French power demand is set to fall amid a partial lockdown in France aimed at preventing the…
Read moreUkraine plans to import 8bcm of LNG from US - report
(Montel) Ukraine seeks to import up to 8bcm of natural gas equivalent LNG from US annually from 2022,…
Read moreGerman hourly power drops to EUR -33.80/MWh on Sunday
(Montel) German day-ahead power hit negative prices for seven hours on Sunday, reaching a trough of EUR -33.80/MWh…
Read moreOil prices move lower with stock markets
(Montel) Oil prices traded lower on Monday as stock markets fell despite the US Federal Reserve cutting a…
Read moreRussian authorities finally approve Fortum’s Uniper takeover
(Montel) Russia’s competition authority has found Fortum has met all the regulatory conditions for its acquisition of an…
Read moreEurope’s largest LNG hub receives 500th vessel
(Montel) Europe’s largest LNG import terminal – Grain, in the UK – has received its 500th vessel…
Read moreVerbund takes measures to protect trading, plants from virus
(Montel) Austria’s biggest power company Verbund is taking precautions to protect its energy trading and power production business…
Read moreGerman Cal 21 power bounces back but more downside looms
(Montel) German 2021 power traded higher on Friday, following similar moves in other energy commodities, but traders said…
Read moreCarbon eyes lower levels due to virus concerns
(Montel) EUAs are poised to test lower levels next week despite having shown strong resilience so far in…
Read moreCourt dismisses challenge to key Eugal gas pipeline
(Montel) A German court on Friday dismissed a legal challenge to the Eugal gas pipeline linking Russia’s…
Read moreUK front-month gas rebounds to 6-week high
(Montel) The UK’s front-month gas contract on the NBP hub hit its highest level since late January on…
Read moreNordic power futures rise slightly on drier weather
(Montel) Nordic power futures edged up on Friday amid slightly drier weather forecasts.…
Read moreLNG glut to worsen from April – AME
(Montel) A global LNG supply glut was likely to worsen next quarter, increasing the prospect of US…
Read morePolish TSO extends reserve capacity deal (253 MW)
(Montel) Polish TSO PSE has agreed to extend a deal with domestic utility Tauron to use 253 MW…
Read moreGerman weekly spot power eyes 40% rise as wind eases
(Montel) German power spot prices looked set to rise more than EUR 9 or 40% next week amid…
Read moreOil prices up slightly despite plunge in stock markets
(Montel) Oil prices were trading slightly higher on Friday in the wake of big global declines on stock…
Read moreGermany set for 25 GW solar, less wind next week – Ubimet
(Montel) Midday solar peak production in Germany could reach up to 25 GW next week, while wind power…
Read moreCO2 dives EUR 1 on energy demand fears
(Montel) Prices on the European carbon market dived on Thursday, taking a cue from a sharp sell-off in…
Read moreRWE lignite earnings may crash to zero from 2023 – CFO
(Montel) German utility RWE’s earnings from its 2.9 GW nuclear and lignite unit may crash to zero from…
Read moreTrading floors of Europe’s energy firms hit amid coronavirus
(Montel) The trading floors of Europe’s energy firms have been affected amid the spread of the coronavirus, with…
Read moreGAS – UK spot slides on oversupplied system
(Montel) UK day-ahead gas prices dropped on Thursday as the country’s oversupply continued to weigh on prices,…
Read moreVattenfall to hedge 1.1 TWh of Norwegian railway consumption
(Montel) Vattenfall will hedge parts of Norwegian rail infrastructure firm Bane Nor's electricity consumption in the coming years,…
Read moreTotal to build 25 MW battery at Dunkirk
(Montel) French energy firm Total will build a 25 MW battery in Dunkirk's port zone on France’s northern…
Read moreAustralian coal export hubs suspend operations on cyclone
(Montel) One of the world’s largest coal export ports has temporarily suspended operations at its two terminals…
Read moreAsian coal edges lower for 3rd week running as virus grips
(Montel) Asia’s benchmark coal price has eased marginally lower for a third consecutive week amid a steady…
Read moreNordic power front year hits two-year low
(Montel) Nordic power futures slumped on Thursday amid flagging spot, carbon and fuels prices, with the front-year contract…
Read moreSafety upgrades set to lengthen Nordic nuclear outages
(Montel) The Nordic nuclear fleet’s maintenance season is set to last longer this year than in recent years…
Read moreRWE trading unit posts 4-fold rise in 2019 earnings
(Montel) RWE's supply and trading unit posted an almost four-fold year-on-year rise in adjusted earnings before interest and…
Read moreVerbund may buy OMV’s 51% stake in Gas Connect Austria
(Montel) Austria’s leading power company Verbund is considering buying a 51% stake in Gas Connect Austria from Vienna-based…
Read moreGerman power risks more negative hourly prices on wind surge
(Montel) German day-ahead power prices looked set to climb on Thursday, though exceptionally strong wind combined with…
Read moreRWE raises 2022 hedging to 90% at EUR 48/MWh
(Montel) RWE had sold 90% of its 2022 German lignite and nuclear output at an average price of…
Read moreDanske Commodities profits fall 30%, trading volumes surge
(Montel) Danske Commodities posted an operating profit of EUR 50m for 2019, down 30% year on year, despite…
Read moreOil prices tumble after coronavirus declared pandemic
(Montel) Oil prices tumbled as much as 5% early on Thursday, taking a cue from plunging stock…
Read moreGas tracks losses in coal, CO2
(Montel) Forward European gas contracts pared early gains to track losses in coal and carbon on Wednesday…
Read moreUK to extend current carbon tax of GBP 18/t by 1 year
(Montel) The UK will extend its existing carbon tax of GBP 18/t by one year, to 2022,…
Read moreOpec revises down oil demand outlook again as virus spreads
(Montel) Opec has again revised down its 2020 outlook for oil demand growth, citing “a wider spread”…
Read moreNegative hourly prices sink German spot power as wind surges
(Montel) German baseload power for Thursday settled more than EUR 4 below the last trade in the futures…
Read moreSpanish utilities guarantee supply amid coronavirus
(Montel) Utilities and energy firms in Spain have set up contingency plans to guarantee supply amid the coronavirus…
Read morePrompt gas prices trade mixed amid plentiful supply
(Montel) European prompt gas prices traded narrowly mixed on Wednesday as the market remained well-supplied in the…
Read morePortugal takes lead in launching hydrogen strategy
(Montel) Portugal will set a binding target to blend hydrogen into its gas supply and could be the…
Read moreOil prices drop USD 1 as Saudi output set to surge
(Montel) Oil prices reversed early gains on Wednesday in response to an expected surge in output next month…
Read moreNordic power continues fall as hydro balance to hit high
(Montel) Nordic power futures close to delivery were edging lower on Wednesday on the back of wet weather…
Read moreEDF maintains nuclear output despite coronavirus cases
(Montel) French utility EDF has confirmed three staff infected with the coronavirus at its nuclear power plants…
Read moreGerman spot power eyes 26% drop as wind output set to surge
(Montel) German day-ahead power prices looked set for a 26% drop on Wednesday morning as forecasts showed 6…
Read moreEU to relax state aid rules as it embraces hydrogen – EC
(Montel) The European Commission will relax state aid rules by 2021 to jumpstart its plans to replace…
Read moreGerman utilities ready contingency plans if hit by virus
(Montel) Utilities in Europe's biggest power and gas market are readying contingency plans to ensure stable supply…
Read moreRegulators must address Nordic system price issues – Nasdaq
(Montel) Nasdaq Commodities has called on Nordic energy regulators to address issues with the region's benchmark system price,…
Read moreFrench regulator to submit nuclear cost estimate in May
(Montel) France’s CRE energy regulator will estimate the “real cost” of French nuclear power in a report due…
Read moreUniper to offtake more PPAs in bid to decarbonise – CEO
(Montel) German utility Uniper wants to expand its business in green power purchase agreements (PPA) amid a regional…
Read moreGerman Cal 21 power recovers, but remains below EUR 40/MWh
(Montel) The German front-year power contract recovered on Tuesday from a near-two-year low amid higher fuel prices,…
Read moreFront gas prices gain on cooler weather, wind
(Montel) Front-month gas prices on Europe’s main hubs – the Dutch TTF and the UK’s NBP –…
Read moreSouth African coal prices plunge to 6-month lows
(Montel) South African coal prices have fallen to around six-month lows as a lack of demand and…
Read moreGazprom gas auction sales fall in first week of March
(Montel) Gazprom gas sales were down 30% in the first week of March from the previous week, to…
Read moreNordic power front futures slip on wet, mild outlook
(Montel) Nordic power futures traded lower early on Tuesday as fresh forecasts showed a continuation of relatively wet…
Read moreUniper begins to step up hedging ratios
(Montel) German utility Uniper believes in a return to higher power prices despite recent drops but has…
Read moreEU coal ports “cautious” but so far unaffected by virus
(Montel) Northwest Europe's three main coal import hubs – Amsterdam, Rotterdam and Antwerp (ARA) – have not…
Read moreUniper full-year trading earnings slide 10% to EUR 287m
(Montel) German utility Uniper posted a 9.6% year-on-year drop in 2019 adjusted earnings before interest and tax (Ebit)…
Read moreGerman spot power to drop 4% as negative prices loom
(Montel) German day-ahead power prices looked set to drop more than EUR 1 on Tuesday as stormy conditions…
Read moreUniper curbs hedging, sells just 45% of 2021 output
(Montel) German utility Uniper increased its forward sales of 2021 German power by just 5 percentage points in…
Read moreOil prices rise but slump to continue on price war, virus
(Montel) Oil prices rose on Tuesday, after crashing 30% in the prior session, but the slump was set…
Read moreFuels hit multi-year lows on “fear and panic”
(Montel) European gas and coal prices crashed to multi-year lows on Monday, dragged down by plunging oil…
Read moreOffshore wind cable still awaits cross-border rule exemption
(Montel) German TSO 50 Hertz has warned of being forced to cut renewables generation if a planned 400…
Read moreDutch approve nitrogen unit to replace Groningen gas output
(Montel) Dutch economy minister Eric Wiebes on Monday approved the construction of a new nitrogen plant to start…
Read moreCoronavirus leads to cancellation of major energy events
(Montel) Rising concerns about the spread of coronavirus in Europe have led to the cancellation of a number…
Read moreEntso-E falls victim to “professional” cyber attack
(Montel) European TSO group Entso-E said on Monday that a hacker had attacked its administrative IT systems,…
Read moreGerman TSOs seek delay to new balancing market regime
(Montel) The electricity TSOs in Germany on Monday called for a five-month extension to introduce a new balancing…
Read moreGerman front-month power plumbs near 4-yr low on fuels slump
(Montel) Germany’s front-month power contract hit its lowest level in almost four years on Monday as fuel prices…
Read moreEarly Doel closures to double Belgian capacity squeeze – TSO
(Montel) The early closures of Belgium’s Doel 1 and 2 reactors by the end of 2022 would see…
Read moreTTF gas curve extends decade low on oil crash, virus fears
(Montel) Front-year gas prices at Europe’s main TTF hub fell to a near 11-year low on Monday amid…
Read moreEuropean coal prices slump to 4-year lows
(Montel) European coal prices fell to near four-year lows in early Monday trading as plunging oil prices…
Read moreNordic Cal 21 power hits 2-year low amid economic fears
(Montel) The front-year power contract hit a two-year low on Monday with market sentiment depressed by the potential…
Read moreAnnual oil demand will fall for first time since 2009 – IEA
(Montel) Global oil demand will fall this year for the first time since 2009, as the worldwide spread…
Read moreChina’s coal imports jump 33% in Jan-Feb
(Montel) China’s coal imports in January-February rose 33% on the year to 68.1m tonnes, customs data showed…
Read moreGerman power spot to drop on strong wind, Cal 21 sheds 4%
(Montel) Day-ahead power prices in Germany traded over EUR 14 lower on Monday morning amid forecasts of up…
Read moreOil plunges as Saudis begin price war and Opec talks fail
(Montel) Oil prices plummeted by more than 30% to four-year lows on Monday after Saudi Arabia started…
Read moreEU slashes power sector emissions in 2019 – study
(Montel) Carbon emissions from Europe’s power sector fell 13% in 2019 thanks to a combination of more…
Read moreOil crashes 10% after Opec, Russia output cut talks fail
(Montel) Oil prices plunged around 10% to a near three-year low on Friday after output cut talks…
Read moreCoal, gas prices fall as oil dives
(Montel) European gas, coal and carbon prices dropped on Friday, taking a cue from a USD 3…
Read moreIndonesia sets March coal price at 7-month high
(Montel) Indonesia's energy ministry has set its March coal reference price at a seven-month high of USD…
Read moreFrench gas storage prices jump in February auctions
(Montel) French gas storage prices rose sharply as spreads motivated energy suppliers to store supplies for next winter,…
Read moreNasdaq postpones launch of new Norwegian Epads
(Montel) Nasdaq Commodities has postponed plans to list price differential contracts (Epad) for the Norwegian spot market price…
Read moreCarbon traders see EUR 23/t zone as key support
(Montel) EUAs may head lower next week as pressure builds in other energy markets, sources said on Friday. …
Read moreGas prices slide amid warm outlook, virus crisis
(Montel) European gas prices slumped on Friday as forecasts for milder weather next week combined with ongoing concerns…
Read moreOffshore wind may become unprofitable – Dutch lobby
(Montel) Offshore wind energy could become a money-losing venture unless the Dutch government encourages the electrification of…
Read moreGerman wind output to wane from mid-March – forecasters
(Montel) Germany’s long stretch of windy winter weather should come to an end by the middle of…
Read moreBelgian reactors to remain online despite breach – minister
(Montel) Belgium's Doel 1 (445 MW) and 2 (433 MW) reactors will remain in service to 2022…
Read moreDutch regulator fines Tennet EUR 1.5m for NorNed outages
(Montel) Dutch energy regulator ACM has fined TSO Tennet almost EUR 1.5m for last year’s outages on…
Read moreGerman spot power to plunge 24% on stormy forecasts
(Montel) German power spot prices looked set to dive by almost a quarter next week as forecasts predicted…
Read moreBrent remains below USD 50 amid Opec, Russia stand-off
(Montel) Brent crude slipped below USD 50/bbl on Friday amid a stand-off between Opec and Russia over the…
Read moreOpec-led output curbs set to deepen by 1.5m bbl/day
(Montel) Opec and its oil-producing allies should deepen existing production curbs by a combined 1.5m bbl/day for the…
Read moreEU's 2030 climate target lacks ambition – Spanish minister
(Montel) The European Commission’s draft climate law this week was not ambitious enough, particularly in regard to…
Read moreGermany to fall short of 2030 climate goal – ministry
(Montel) Germany is set to fall 4 percentage points short of a 2030 target to cut emissions by…
Read moreGreen group challenges Nord Stream 2 permit in Germany
(Montel) Environmental Action Germany (DUH) has filed an application with the country’s authorities to reevaluate the permission…
Read moreNew Russian coal terminal struggles to reach capacity
(Montel) A new 30m tonnes/year coal export terminal in southwest Russia continues to ramp-up operations, but exporter…
Read moreGerman front-week power falls on high wind generation
(Montel) The German front-week contract declined on the back of expected high wind generation next week, while…
Read moreColombia's Cerrejon coal miners to vote on strike action
(Montel) Colombian mine workers at Cerrejon, one of the country’s biggest coal exporters, will begin voting on Saturday…
Read moreSpot gas edges down on milder temperatures
(Montel) Gas spot prices in the UK and on the continent edged down on Thursday amid an…
Read moreAsian coal edges lower despite struggling Chinese output
(Montel) Benchmark Asia-Pacific coal prices slipped marginally lower in the week to Thursday as fallout from the…
Read moreNordic Q2 power rises on drier, colder weather
(Montel) Nordic power futures rose sharply on Thursday morning in response to a return of drier and colder…
Read moreTSOs delay EU expansion of flow-based coupling to mid-2021
(Montel) TSOs in 13 European countries have postponed the expansion of flow-based market coupling to central-eastern Europe…
Read moreIndonesia to reduce LNG export sales by 2024 – ministry
(Montel) Indonesia will reduce LNG sales to the international market over the coming years amid an anticipated…
Read moreEU needs green gas target to “accelerate” sector – industry
(Montel) The EU should set targets for green gas and hydrogen to accelerate growth in the sector under…
Read moreBrent crude drifts above USD 51 as Opec meets
(Montel) Oil prices drifted in positive territory early on Thursday as oil ministers from Opec gathered in Vienna…
Read moreFrench audit court warns of EDF’s nuclear price estimates
(Montel) The French audit court has expressed concerns that power utility EDF will be generously compensated for…
Read moreTauron to write down EUR 219m on coal fleet
(Montel) Polish utility Tauron will write down EUR 219m of its 4 GW coal-fired fleet and coal mines…
Read moreGerman spot power to drop 15% on wind surge
(Montel) German day-ahead power prices looked set to shed around 15% on Thursday amid a sharp increase in…
Read morePoland to add 1 GW of solar capacity in 2020 – government
(Montel) Poland will add 1 GW solar capacity this year after capacity grew by 0.8 GW to 1.3…
Read moreIntroduction of EU CO2 border tax “very difficult”
(Montel) Setting an effective carbon tax on imports to Europe would be “very difficult”, said industry experts on…
Read moreCarbon gains in wake of first UK auction
(Montel) European carbon prices climbed 2% on Wednesday as the market reacted to the UK’s first auction…
Read moreGerman power demand may hit 26-year low on virus – analysts
(Montel) The coronavirus crisis could see power demand in Germany crash to its lowest level since 1994, though…
Read moreFrance’s February nuclear output slumps to 8-year low
(Montel) France's nuclear output fell 11.6% year on year to 33 TWh in February, its lowest level for…
Read moreEC official defends deferral of 2030 target decision
(Montel) The EU official responsible for the bloc’s plans to decarbonise by mid-century, Frans Timmermans, defended the…
Read morePolish front-quarter power hits two-year low
(Montel) Polish front-quarter baseload power slid to a two-year low on Wednesday amid flagging spot prices coupled with…
Read moreGerman Cal 21 power rises in line with CO2
(Montel) German front-year power recovered from initial morning losses to move higher on Wednesday after a bullish move…
Read moreSpot gas eases on growing wind output, LNG cargoes
(Montel) UK and Dutch gas spot prices fell on Wednesday amid forecasts of higher wind generation and…
Read moreEC unveils climate law, delays tougher 2030 target
(Montel) The European Commission on Wednesday presented a draft climate law to achieve net zero emissions by…
Read moreNordic front power falls as wet, mild outlook persists
(Montel) Nordic power contracts close to delivery fell on Wednesday morning amid more wet and mild weather…
Read moreUK’s first EUA auction in 15 months clears at EUR 23.40
(Montel) The UK successfully auctioned EUAs for the first time in more than a year on Wednesday when…
Read moreFrance mulls “insufficient” EUR 42-48 nuclear price corridor
(Montel) The French government could set an “insufficient” price corridor of EUR 42-48/MWh for the sale of EDF’s…
Read moreTurkey coal imports surge 20% amid lignite plant suspensions
(Montel) Turkish thermal coal imports rose nearly 20% on the year in January as a shortfall in…
Read moreGerman spot power slides from 5-week high on wind surge
(Montel) German day-ahead power prices fell on Wednesday morning as forecasts showed up to 25 GW of wind…
Read moreOil firms as market expects deeper Opec output curb
(Montel) Oil prices firmed early on Wednesday, as market participants expect major producers meeting at Opec’s headquarters in…
Read moreCoal exit to limit fuel switch, pressure CO2 price – analyst
(Montel) The shift away from coal-fired power in Europe may force carbon prices down after 2023, according…
Read more“Not enough data” for MSR review in 2021 – analyst
(Montel) The EU ETS has not had enough experience of the market stability reserve (MSR) to make any…
Read moreEC’s climate law to kick off green deal with net-zero pledge
(Montel) The European Commission will on Wednesday present draft legislation – known as the “climate law” – committing…
Read moreGermany may miss 2030 renewables target by 10 points – study
(Montel) Germany could miss its 65% renewables target for 2030 by as much as 10 percentage points due…
Read moreGas, coal prices extend gains in line with crude
(Montel) European coal and gas prices for next year delivery extended the previous day’s gains on Tuesday,…
Read moreTwelve EU countries urge rapid plan for 2030 climate targets
(Montel) A dozen EU member states – led by Denmark – have urged the European Commission to…
Read moreRussia slashes coal rail rates to spur EU, China exports
(Montel) State-owned Russian Railways (RZD) has cut rates for coal exporters railing material to northwestern ports or…
Read moreStatkraft signs 44 GWh/year PPA with Finnish chemicals group
(Montel) <span style="text-align: justify;">Norway’s Statkraft will supply 44 GWh of electricity annually to Finnish chemicals group Kemira under…
Read moreLNG prices to remain depressed until year end – analysts
(Montel) Asian LNG spot prices will likely remain low until the end of this year due to…
Read moreForward gas prices extend recovery
(Montel) Forward gas prices continued to climb from some of their lowest levels in nearly four years…
Read moreGazprom cuts price of gas to Bulgaria 40% after EC case
(Montel) Russia’s Gazprom has agreed a deal with Bulgaria to cut the price of gas deliveries to the…
Read moreCleared coal futures on Ice fall 13% in February – broker
(Montel) Coal futures volumes cleared on the London-based Ice exchange fell 13% on the year in February…
Read moreNordic power front week drops 9% to contract low
(Montel) Nordic futures power slumped on Tuesday as fresh weather forecasts reaffirmed a wet, mild outlook for the…
Read moreSpain’s gas use falls 2% in February amid mild temperatures
(Montel) Spanish gas consumption fell 2% year on year in February to 32 TWh amid waning heating…
Read moreRussian coal exports plunge 13% in February
(Montel) Russian coal exports in February fell 13% on the year to 437,000t/day as poor seaborne prices…
Read moreBelgian offshore wind farms (487 MW) set for summer start-up
(Montel) Belgian consortium Seamade said on Tuesday that wind farms Mermaid and Seastar (487 MW combined) will…
Read moreFlow-based market coupling of little benefit – Nordic lobby
(Montel) Norwegian and Swedish energy lobby groups have warned that introducing flow-based market coupling in the Nordic…
Read moreRenewables take record share of UK mix, fuel burn plunges
(Montel) Wind and biomass-fired generation accounted for a record 37.3% share of the UK power mix last…
Read moreOil continues rebound on prospect of larger Opec cuts
(Montel) Oil prices rose for the second consecutive session on Tuesday as the potential for an extension of…
Read moreUK revives support for onshore wind farms
(Montel) The UK government has revived support for onshore wind farms, including them in a contracts for difference…
Read moreEDF needs “at least 6 months” to replace reactor turbine
(Montel) Works to replace the combustion turbine engine at EDF's Flamanville power plant (2.7 GW) will take at…
Read moreCO2 price slips in line with coal, gas
(Montel) Carbon prices eased in late Monday trading in line with lower related coal and gas markets…
Read moreNordic spot to languish at 20-year low this month
(Montel) Nordic spot power prices were likely languish around 20-year lows just above EUR 10/MWh in March, amid…
Read moreTTF spot gas in March could be lowest since 2007
(Montel) Spot gas prices at Europe’s key TTF hub could average this month the lowest in 13 years,…
Read moreEnergy demand fears, UK supply to weigh on CO2 in March
(Montel) European carbon prices may test the lower end of this year’s EUR 23-26/t trading range in…
Read moreHighest wind output in 3 months to curb Spanish power
(Montel) Spanish spot power prices were set to remain under pressure this week as wind power was…
Read moreGazprom’s February gas auctions sales of 2.4bcm down 39%
(Montel) Gazprom sold 2.4bcm of gas via the company’s electronic sales platform (ESP) in February, down 39% from…
Read moreNordic power continues fall as wet, mild outlook persists
(Montel) Nordic futures continued their fall on Monday as wet, mild weather forecasts persisted, suggesting a strong hydrological…
Read moreFortum receives Russian approval of Uniper takeover
(Montel) Russia's competition authority has approved Fortum's acquisition of an additional 20.5% share in German group Uniper, the…
Read moreSouth Africa coal exports rise 40% on Indian demand
(Montel) South Africa’s thermal coal exports in January rose 40% on the year to 6.8m tonnes (220,000t/day)…
Read moreOil bounces back on hopes of deeper Opec curbs, stimulus
(Montel) Oil prices rebounded Monday as central banks pledged to protect financial markets from the impact of the…
Read moreGerman power to rebound this month from February low
(Montel) German spot power prices should jump almost EUR 8 this month from a 17-year trough hit in…
Read moreGerman spot power set for 10% gain as wind wanes
(Montel) German day-ahead power looked set to rise more than EUR 3 compared to Monday’s settlement.…
Read moreAlpiq posts EUR 252m full-year loss on lower generation
(Montel) Swiss utility Alpiq posted a net loss of CHF 268m (EUR 252m) for 2019 amid lower revenues…
Read moreFortum CEO Pekka Lundmark resigns
(Montel) Pekka Lundmark has resigned from his position as CEO of Finnish energy group Fortum to become chief…
Read moreGerman hourly power drops to EUR -7.85/MWh for Sunday
(Montel) German day-ahead power prices plunged to EUR -7.85/MWh on an hourly basis on Sunday for 15 consecutive…
Read moreRWE wins 680 MW in undersubscribed German tender – update
(Montel) German utility RWE obtained 680 MW or 64% of all 1,056 MW of awarded capacity in Germany’s…
Read moreUK spot gas could fall to 13-year low in March
(Montel) UK spot gas prices could slump to fresh 13-year lows this month, potentially averaging below 20p/th,…
Read moreEUAs to continue fall as UK auctions return
(Montel) European carbon looks set to test a key support level of EUR 23/t next week, as prices…
Read moreOil leads energy markets to fresh lows as “hysteria” spreads
(Montel) Brent crude oil plunged to 14-month lows on Friday, dragging down Europe’s energy complex along with it,…
Read moreLithuania mulls sale of state-owned energy group Ignitis
(Montel) Lithuania should sell shares in state-owned energy group Ignitis through an initial public offering (IPO) in order…
Read moreDemand destruction to further depress coal prices in March
(Montel) European coal prices will remain at around multi-year lows in March on concerns the deadly coronavirus…
Read moreRepsol buys 860 MW of Spanish wind projects from Forestalia
(Montel) Spanish oil and energy firm Repsol plans to develop 860 MW of wind power projects it purchased…
Read moreGas prices fall as supply glut expected to worsen
(Montel) European gas contracts fell across the board on Friday as the current supply glut was expected…
Read moreGerman wind turbines produce record 21 TWh in February
(Montel) Wind farms in Germany were on track to produce 20.9 TWh of electricity by the end of…
Read moreClose turbine proximity cuts offshore wind yield 25% - study
(Montel) Building offshore wind farms too close together could result in productivity loss of 25% or more, a…
Read moreNordic power prices fall on wet outlook, weaker fuels
(Montel) Power contracts fell across the board on Friday morning because of wet and mild forecasts, as well…
Read moreBrent crude hits 14-month low as virus fears spark sell-off
(Montel) <span style="font-family: Arial, sans-serif;">Brent crude hit its lowest point since late December 2018 on Friday as fears…
Read moreGerman front-year power slumps to lowest since May 2018
(Montel) Germany's front-year power contract slumped to its lowest level since May 2018 on Friday, extending this…
Read moreGerman spot power to jump 37% on less wind, cold next week
(Montel) German power spot prices looked set to rise more than EUR 8, or 37%, next week amid…
Read moreGermany faces less wind, dropping temperatures – Ubimet
(Montel) Germany is set to see high wind levels wane over the next week, while temperatures revert closer…
Read moreSpain's Naturgy sells 40% stake in Egyptian LNG plant
(Montel) Spanish energy firm Naturgy has sold its 40% stake in Egyptian liquefaction plant Damietta (7.6bcm/year), idle…
Read moreCO2 hits 2-week low on financial sell-off
(Montel) European carbon prices fell on Thursday amid a wider sell-off in the financial and commodity markets due…
Read moreSpanish LNG imports set to jump to 5-month high – TSO
(Montel) Spanish LNG imports are expected to jump 75% year on year in March to 29.3 TWh…
Read moreBelgian nuclear output to slip this year – Engie CFO
(Montel) Belgium's nuclear power output will fall “slightly” this year due to maintenance work on reactors, Engie’s…
Read moreIlmatar to start Finland’s largest wind farm this year
(Montel) The first phase of what will become Finland’s largest wind farm to date will start producing electricity…
Read moreGeman Cal 21 power slips as coronavirus worries intensify
(Montel) Germany’s benchmark power price slid on Thursday, taking a cue from a broader sell-off in energy markets…
Read moreBelgian consortium eyes industrial scale power-to-gas plant
(Montel) A Belgian consortium will build the country’s first industrial scale power-to-gas installation by 2023 using 25 MW…
Read moreEngie could replace Belgian reactors with gas units – CFO
(Montel) Engie is ready to build gas-fired power plants in Belgium if it cannot extend reactor lifetimes there,…
Read moreTTF spot drops on mild weather, strong wind
(Montel) TTF spot gas prices dropped on Thursday amid milder temperatures and stronger wind output forecasts, though…
Read moreUK power fuel consumption hits record low in 2019
(Montel) Total fuel used for UK power generation fell 7.1% last year to a record low of…
Read moreAsian coal extends losses as stocks rebound from virus hit
(Montel) Benchmark Asia-Pacific coal prices fell 3% in the week through to Thursday as Chinese inventories swelled,…
Read moreNordic power front year falls with fuel, carbon prices
(Montel) Nordic power futures slumped in early trading on Thursday amid sliding energy markets and broader concerns about…
Read moreUK’s Drax nearly halves emissions in 2019
(Montel) UK independent generator Drax reduced its carbon emissions 47% last year, to 2.4m tonnes, as it…
Read moreRystad slashes 2020 TTF gas price forecast by 29%
(Montel) Norway’s Rystad has slashed its forecast for 2020 gas prices on the Dutch TTF hub to USD…
Read moreDrax to stop burning coal next year
(Montel) UK independent power producer Drax will end coal-fired generation at its power station in northeast England…
Read moreGerman spot power to drop 17% on more wind, solar
(Montel) German day-ahead power prices looked set to shed around 17% on Thursday as peak generation from wind…
Read moreEngie hedges 80% of 2020 output at EUR 44/MWh
(Montel) Engie had hedged 80% of its expected 2020 European power production at EUR 44/MWh and 54%…
Read moreCO2, fuels bounce back after steep drop
(Montel) European carbon prices were poised to snap a four-day losing streak on Wednesday despite recording a…
Read moreGermany faces possible 7 GW supply deficit from 2022 – TSOs
(Montel) Germany may need neighbours to cover up to 7 GW of its peak potential power demand…
Read moreMild, windy winters to depress power prices – forecaster
(Montel) European energy market participants will have to adapt to more frequent winters with windy, mild conditions due…
Read moreGerman Cal 21 power revisits 2020 low as sell-off continues
(Montel) Germany’s benchmark power contract revisited this year’s low on Wednesday as traders responded to a broader…
Read moreTTF front-month gas falls on healthy supply
(Montel) Front-month gas prices on Europe’s main Dutch TTF hub softened on Wednesday amid plentiful supply as…
Read moreFirms win capacity in French tenders at up to EUR 30,000/MW
(Montel) Firms have secured seven years of capacity in new French tenders with prices ranging from EUR 19,000-29,000/MW,…
Read moreIberdrola’s sale of LNG portfolio was correct move – CEO
(Montel) Spanish utility Iberdrola took the "right decision" when it sold all its long-term LNG supply contracts…
Read moreNordic front power slides EUR 2 as mild, wet weather returns
(Montel) Nordic power futures close to delivery fell by EUR 2 earlier in the session on Wednesday, as…
Read moreEDF signs 20-year supply deal for US LNG
(Montel) French utility EDF has signed an LNG supply deal to receive the equivalent of 2.7bcm of…
Read moreEUAs drop below EUR 24/t as energy markets slump
(Montel) Europe's benchmark carbon price dropped below EUR 24/t in early trade on Wednesday, extending a five-day…
Read moreOil prices resume decline to fresh 2-week lows
(Montel) Oil prices hit fresh two-week lows in early Wednesday trading amid lingering concerns that the coronavirus will…
Read moreGerman spot power eyes 18% gain on lower wind outlook
(Montel) German day-ahead power prices firmed on Wednesday morning as forecasters revised down their outlooks for wind power…
Read moreRussia may seek more Ukraine gas transit capacity – analyst
(Montel) Russia’s Gazprom may seek increased gas transit capacity via Ukraine next year amid delays to the…
Read moreFront-year coal rebounds from 2-month low
(Montel) Front-year European coal prices rebounded on Tuesday from a two-month low hit in the prior session…
Read moreSpain’s Endesa expects gas price recovery in 2021
(Montel) European gas prices should pick up in 2021, as the market starts to rebalance from oversupply…
Read moreCoal loses out to gas amid Ukraine mine closures – minister
(Montel) Ukraine’s coal industry faces a rash of mine closures over the coming years, with gas increasingly…
Read moreUkraine ready to buy 6bcm of gas from Poland – TSO
(Montel) Ukraine is technically ready to buy 6bcm/year of natural gas from Poland – doubling the current import…
Read moreTTF to peak at EUR 8.20/MWh this summer – analyst
(Montel) European gas prices will stay far below EUR 9/MWh in this year as the region struggles…
Read moreGazprom’s Friday gas auction sales of 0.3bcm highest in Feb
(Montel) Gazprom sold 333mcm of natural gas via its electronic sales platform (ESP) on Friday, its highest daily…
Read moreFront-month gas prices continue fall on oversupply
(Montel) European front-month gas prices continued their fall on Tuesday as the market remained oversupplied and amid concerns…
Read moreNordic power futures extend gains on dry weather outlook
(Montel) Nordic power futures extended the previous day’s gains on Tuesday as weather forecasts continued to show drier…
Read moreGerman spot power eyes EUR 33 as wind output falls
(Montel) German day-ahead power prices were set to settle above EUR 30/MWh on Tuesday as forecasters predicted…
Read moreEDF finds microcracks at 2.7 GW Flamanville nuclear plant
(Montel) EDF has reported microcracks on the combustion turbine at its 2.7 GW Flamanville nuclear power plant to…
Read moreOil prices edge up but demand worries remain
(Montel) Oil prices edged up early on Tuesday, clawing back from a near 4% loss the previous session…
Read moreUK TSO pays record GBP 30.9m to switch off wind farms
(Montel) Wind farms in the UK were paid a record GBP 30.9m to switch off in January after…
Read moreCO2, energy prices drop amid coronavirus fears
(Montel) European carbon and energy prices slumped on Monday amid an abundance of supply and concerns about the…
Read moreTTF summer gas to average EUR 9/MWh – consultant
(Montel) Spot gas prices for the approaching summer on the Dutch TTF gas hub will average around…
Read moreGerman Cal 20 power drops with flagging energy complex
(Montel) German power for delivery next year declined for the fifth consecutive session on Monday, taking a cue…
Read moreWind surge set to push Spanish spot power below EUR 35
(Montel) Spanish spot power prices looked poised to fall to an average below EUR 35/MWh this week…
Read moreUK spot gas rises 8% on short system
(Montel) The UK day-ahead gas contract on the NBP hub rose 8% on Monday as demand outstripped supply…
Read moreCoal prices plumb new lows as coronavirus spreads
(Montel) European coal prices extended recent lows on Monday amid concerns that the global spread of the…
Read moreGazel Energie appoints Jean-Michel Mazalerat as CEO
(Montel) French utility Gazel Energie has appointed Jean-Michel Mazalerat as CEO, it said on Monday.…
Read moreTraders urge Nord Pool to disclose CWE exchange data
(Montel) Traders are calling on power exchange Nord Pool to be more transparent with its data for…
Read moreDanske Commodities expands to South America, Asia
(Montel) Danske Commodities on Monday launched a global energy trading unit that will focus on energy markets…
Read moreGerman wind power reaches record 46.2 GW
(Montel) Wind power generation in Germany rose to a new record of 46.2 GW late on Saturday,…
Read moreNordic power front week jumps 16% on cooler, drier outlook
(Montel) Nordic power front futures climbed on Monday as fresh forecasts showed a shift towards cooler and drier…
Read moreRotterdam, Amsterdam 2019 coal handling down 4%
(Montel) Combined coal handling at northwest Europe’s two main import hubs of Rotterdam and Amsterdam declined 4%…
Read moreTSO continues probe into reduced Denmark-Norway capacity
(Montel) Danish TSO Energinet is continuing its probe into a cable fault that has severely restricted power imports…
Read moreGerman spot power falls as wind output set to climb
(Montel) German day-ahead power prices fell on Monday morning as forecasters predicted wind generation to climb back…
Read moreGroningen output to drop below 10bcm from Oct – TSO
(Montel) Gas production from Groningen in the northern Netherlands, Europe’s largest onshore field, will drop to 9.3bcm…
Read moreOil falls further amid fears of global spread of coronavirus
(Montel) Oil prices fell in early trading on Monday morning on concerns that the coronavirus was having a…
Read moreUK to sell 123m EUAs at auctions spread across 2020
(Montel) The UK will sell 123,439,500 EUAs at auction in 2020, according to a schedule of sales…
Read moreCoal, gas and carbon soften amid weak demand
(Montel) European coal, gas and carbon prices traded softer on Friday afternoon amid flagging demand as weather…
Read morePrize zone split boosts EAA power trading by 38%
(Montel) Energie Allianz Austria – Austria’s biggest energy distribution company – saw its power trading volumes rise 38%…
Read moreStatnett to increase Norway-Sweden capacity from Thursday
(Montel) Export capacity from Southern Norway to Sweden could increase to 800 MW from Thursday, but it…
Read moreUniper sells stake in 900 MW lignite plant Schkopau to EPH
(Montel) German utility Uniper has sold its 58% stake in the 900 MW lignite-fired power plant Schkopau…
Read moreCO2 set to consolidate as annual issuance gathers pace
(Montel) EUAs were expected to consolidate in the coming week after a two-week rally that had seen prices…
Read moreMild weather, full storage pressure gas curve
(Montel) European gas prices were under pressure on Friday as supply looked set to grow even as…
Read moreNaturgy cancels US LNG cargoes amid lower spot gas prices
(Montel) Spanish utility Naturgy has cancelled two US LNG cargoes for April and May loading on behalf of…
Read moreEDF condemns Greenpeace intrusion at Tricastin nuclear plant
(Montel) EDF has condemned the intrusion on Friday morning of 26 Greenpeace activists at the site of its…
Read moreSpain's solar output hits record high as capacity expands
(Montel) Spanish solar generation is poised to reach a record high of 54.5 GWh on Friday, thanks to…
Read moreGazprom auction gas sales slide to 54mcm
(Montel) Gazprom’s gas sales have dropped to 54mcm in the latest auction on the company’s electronic sales platform…
Read moreGermany faces more wet, windy and mild weather
(Montel) Germany looks set to face another four weeks with mild temperatures, with the next fortnight set to…
Read moreGerman spot power set to rise 27% next week on less wind
(Montel) German power spot prices looked set to rise 27% next week amid an expected drop in…
Read morePolicy changes aid Spanish green boom – Moody's
(Montel) Recent regulatory changes made by the Spanish government combined with ambitious green goals have helped boost investment…
Read moreOil retreats as demand concerns persist
(Montel) Oil prices retreated from their monthly highs hit in the prior session on Friday as concerns about…
Read moreCO2 retreats from 1-month high
(Montel) Carbon prices retreated from fresh one-month highs in Thursday trading in line with a weaker fuels…
Read moreEuropean near-term LNG import growth “near limit” – Shell
(Montel) European LNG imports this year will remain at close to 2019’s total of 89m tonnes (121bcm),…
Read moreLeading South African coal miner to sell 20% of capacity
(Montel) One of South Africa’s largest coal producers – Exxaro – is hoping to sell nearly 20%…
Read moreGerman front-year power falls on softer fuels, CO2
(Montel) The German front-year power contract was falling on Thursday amid softer fuels and weaker carbon, though…
Read moreSpot gas prices slump on mild weather, plentiful supply
(Montel) European spot gas prices declined on Thursday as forecasts for mild weather and plentiful supply pressured the…
Read moreSwiss appeal French court’s decision over EDF reactor safety
(Montel) Authorities in Geneva have appealed a decision by a Paris court rejecting an investigation into safety…
Read moreNordic Friday power eyes lowest price since August 2015
(Montel) Nordic day-ahead power prices looked set to fall to EUR 8-9/MWh on Friday – which would…
Read moreFocusEconomics revises up 2020 coal price 2.5%
(Montel) Benchmark Newcastle coal prices could average USD 69.60/t this year, up 2.5% – or USD 1.70…
Read moreLNG demand to double by 2040 – Shell
(Montel) Global LNG demand is expected to double to around 700m tonnes (952bcm) by 2040, as the…
Read moreNorway regulator demands answers over market message errors
(Montel) Norwegian energy regulator RME has demanded an explanation from TSO Statnett, following reports of several misleading market…
Read moreAsian coal weakens as imbalance concerns mount
(Montel) Benchmark Asia Pacific coal prices eased in the week to Thursday as the coronavirus outbreak widened…
Read morePGE’s new CEO pledges shift towards renewables
(Montel) The new CEO of Poland’s biggest utility PGE has pledged to “transform the firm towards renewables” and…
Read moreGerman spot power eyes 23% drop on more wind, solar
(Montel) German day-ahead power prices looked set to fall 24% on Thursday due to rising wind and…
Read moreOil prices nudge 3-week highs ahead of US inventory data
(Montel) Oil prices touched fresh three-week highs early on Thursday amid some signs of tightening global supply.…
Read moreFrench nuclear supply dips 4 GW amid strike, outages
(Montel) French nuclear plant availability has dipped more than 4 GW over the past 24 hours due…
Read moreUK’s EUA auction schedule ready in days – ministry
(Montel) The UK ministry in charge of emissions allowance auctions is hoping to publish a schedule for 2020…
Read moreCO2 hits 1-month high
(Montel) Carbon prices in Europe rose to a four-week high on Wednesday supported by technical trading, short-covering…
Read moreSplitting German market has little long-term value – study
(Montel) Splitting Germany’s power market to swiftly address the country’s worsening network constraints would become counterproductive from…
Read moreUniper plans to mothball Franken gas units over summer
(Montel) German utility Uniper plans to mothball its two gas-fired units Franken 1 (383 MW) and 2…
Read moreGerman 900 MW onshore wind tender 42% undersubscribed
(Montel) Germany’s latest tender for onshore wind power was 42% undersubscribed, signalling a renewed slump in the sector…
Read moreEDF to close Fessenheim 1 this week after years of wrangling
(Montel) EDF will finally close its oldest reactor, the 41-year-old Fessenheim 1 (900 MW) unit on the German…
Read moreNBP, TTF prices slide amid mild weather, strong supply
(Montel) Gas prices at the NBP and TTF hubs declined on Wednesday amid mild temperatures and healthy supply.…
Read moreOwners secure production quotas for Isar 2 reactor to 2021
(Montel) The owners of German reactor Isar 2 (1,410 MW) – Eon and Stadtwerke Munchen – have secured…
Read moreNordic power contracts hit new lows on wet, mild outlook
(Montel) The Nordic power front month and quarter contracts hit fresh lows on Wednesday morning as forecasts…
Read moreGuidance on EU limits rules out capacity payments for coal
(Montel) EU regulatory agency Acer has clarified how to calculate emissions limits for power plants participating in…
Read moreAxpo spin-off to boost PPAs with “Tinder-like” platform
(Montel) Elblox, a spin-off of Swiss utility Axpo, is set to launch a platform that matches “suitable…
Read moreGerman spot power to hold steady as wind output eases
(Montel) German day-ahead power prices looked set to hold steady on Wednesday as forecasts suggested declines in…
Read moreOil firms as supply disruptions offset demand concerns
(Montel) Oil prices edged up in early Wednesday trading as deepening supply disruptions in Libya and Venezuela offset…
Read moreCoal, gas prices soften on sluggish demand
(Montel) European forward coal and gas prices slid on Tuesday amid sluggish demand and elevated renewable energy…
Read moreNordic wind investors undeterred by power price collapse
(Montel) This winter's collapsing Nordic power prices have so far not deterred wind farm investors, as many…
Read more10 GW green expansion plan mostly in Iberia – Galp
(Montel) Portuguese energy company Galp will build 10 GW of renewables capacity by 2030, mostly in Iberia, the…
Read moreNordic wood pellet prices ease from record high
(Montel) Nordic wood pellet prices have eased from January’s record highs as available supply grows and demand…
Read moreNorwegian power producers fear long period of low prices
(Montel) Norwegian power producers are concerned that an abundance of hydropower supply and current export curbs will continue…
Read moreGerman spot power to soar EUR 7 as green output falls
(Montel) German day-ahead power prices looked set to gain more than EUR 7 on Tuesday as combined renewables…
Read moreOil continues fall on virus concerns as Apple earnings hit
(Montel) Oil continued its fall on Tuesday amid fears over the potential impact of the coronavirus on demand…
Read moreCO2 hits 3-week high
(Montel) Carbon prices rose to a three-week high on Monday, in line with gas and oil markets,…
Read moreFrench unions vow to maintain strikes against pension reform
(Montel) French energy unions will maintain calls for strikes by power workers until the government withdraws its…
Read moreEurope’s wind growth rises 27% in 2019
(Montel) New wind energy installations in Europe rose 27% last year to 15.4 GW but would have…
Read moreGerman front-week power slides near EUR 2 as wind persists
(Montel) The German front-week power contract shed almost EUR 2 on Monday amid an “unprecedented” amount of wind…
Read moreSpanish spot power set to firm on more demand, less wind
(Montel) Spanish spot power prices looked poised to increase this week amid expectations of a pick-up in…
Read moreUK spot gas rises on tighter short-term supply
(Montel) UK spot gas rose on Monday morning amid tighter short-term supply, while contracts on the Dutch…
Read moreBritain may see “coal free” spring as emissions plunge
(Montel) Britain could see the first month of power generation free of coal this spring as the…
Read moreEuropean coal prices retreat as bears return
(Montel) Bearish sentiment will likely prevail this week for the European coal market as weak regional appetite…
Read moreNordic power drops near lows as weather stays wet, mild
(Montel) Nordic power front-end prices slid to near record lows on Monday, as fresh weather forecasts continued to…
Read moreDutch unveil EUR 5bn in subsidies for decarbonisation
(Montel) The Dutch government on Monday announced an annual subsidy scheme worth EUR 5bn to help promote…
Read moreGerman spot power set to rise 11%
(Montel) German day-ahead power prices looked set to rise 10.6% on Monday despite robust wind power output and…
Read moreOil trades flat amid lingering demand concerns
(Montel) Oil prices traded largely sideways early on Monday on lingering concerns about demand amid the coronavirus outbreak.…
Read moreGerman hourly power drops to EUR -32.14/MWh for Sunday
(Montel) German day-ahead power prices plunged to EUR -32.14/MWh on an hourly basis on Sunday for a total…
Read moreCable failure cuts southern Norway-Sweden capacity to 850 MW
(Montel) TSO Statnett has reduced transmission capacity between southern Norway and Sweden due to a cable failure under…
Read moreFront-month coal hits 1-month high
(Montel) European coal prices for the month ahead jumped to a one-month high on Friday amid falling…
Read moreVW boss slams green light for Germany’s last coal plant
(Montel) The chairman of German carmaker Volkswagen, Herbert Diess, took to social media on Friday to attack…
Read moreAsian LNG oversupply may persist for 2-3 years – Axpo
(Montel) Asian LNG oversupply may persist for two or three years, leaving Europe to absorb the surplus,…
Read moreNo EDF restructure without "fair" arenh reform – Levy
(Montel) EDF will not submit its plan to restructure the company until a “fair” reform of the…
Read moreGerman Cal 21 power hits 3-week high on stronger fuels
(Montel) Germany’s benchmark front-year power contract hit a three-week high on Friday on the back of higher coal…
Read moreCARBON – Bouyant EUAs face pressure as UK auctions loom
(Montel) European carbon prices have risen 5% this week but may encounter increased selling next week as UK…
Read moreEquinor vows to keep EU gas flowing despite price crash
(Montel) Norwegian gas producer Equinor will continue to supply gas to northwest Europe despite record low prices,…
Read moreGas front months remain near multi-year low on mild outlook
(Montel) European front-month gas prices were flat on Friday and near 11-year lows hit intraday in the…
Read moreVirus to cut China LNG cargoes by 49 until May – analysts
(Montel) China’s deadly coronavirus outbreak will “significantly impact” the country’s LNG demand, curbing 49 cargoes – 3.3mt –…
Read moreGreen groups welcome suspension of 1 GW Polish coal plant
(Montel) European environmental groups have welcomed the suspension of the 1 GW Ostroleka C coal-fired plant by…
Read moreEDF Trading’s earnings rise 16% amid volatile gas, power
(Montel) The London-based trading unit of French utility EDF saw its earnings rise 15.8% year on year…
Read moreEDF 2020 nuclear output could hit 21-year low
(Montel) EDF has cut its 2020 nuclear output target to a lower floor of 375 TWh and…
Read moreGerman front-week power falls as windy weather to return
(Montel) German front-week power prices fell on Friday as forecasters predicted the arrival of more stormy weather…
Read moreGerman wind to exceed 40 GW as another storm hits – Ubimet
(Montel) German wind generation was likely to climb back above 40 GW early next week with the…
Read moreOil trades flat as demand concerns continue to weigh
(Montel) Oil prices were trading flat on Friday as the coronavirus crisis in China continued to impact demand,…
Read moreCoal prices rise to 1-week high
(Montel) European coal prices rose to their highest in more than a week on Thursday with coronavirus-linked…
Read moreNew pipeline covers third of Finnish gas demand in January
(Montel) The new Balticconnector pipeline between Estonia and Finland covered more than a third of the latter’s gas…
Read moreGerman front-month power falls on windy, mild outlook
(Montel) German front month and weekly power futures slumped on Thursday as weather forecasts showed robust wind power…
Read moreGas prices slide to fresh 11-year lows
(Montel) European front-month gas contracts slipped to fresh 11-year lows in early Thursday trading as strong supply…
Read moreVattenfall cut nuclear output amid low power prices
(Montel) Swedish utility Vattenfall said it adjusted down the output at its Forsmark 1 (986 MW) nuclear reactor…
Read moreShell more than doubles PPA portfolio, eyes more growth
(Montel) Oil and gas giant Shell more than doubled its portfolio of power purchase agreements (PPAs) to…
Read moreResilient carbon prices poised to surge next year – analysts
(Montel) European carbon prices could be in store for a rally by the end of the year…
Read moreNordic power falls as hydro balance to hit 10-year high
(Montel) Front contracts continued their fall on Thursday amid even wetter weather forecasts, which were set to see…
Read moreIEA sees 2020 oil demand growth at lowest in 9 years
(Montel) The International Energy Agency (IEA) said on Thursday it cut its 2020 oil demand growth forecast…
Read moreDanske Commodities sees record H2 earnings – Equinor
(Montel) Danish trading house Danske Commodities made record earnings in the second half of last year, after a…
Read moreVattenfall and Deutsche Telekom sign 60 MW solar PPA
(Montel) Vattenfall and Power & Air Solutions, a subsidiary of German telecoms group Deutsche Telekom, have signed a…
Read moreOil slips on demand concerns, big rise in US stockpiles
(Montel) Oil prices eased in early Thursday trading following a larger-than-expected rise in US crude inventories reported late…
Read moreGerman spot power set to fall 5% as demand eases
(Montel) German day-ahead power prices looked set to fall 5% on Thursday as less demand and rising…
Read moreAsian coal rebounds as coronavirus slashes Chinese output
(Montel) Benchmark coal prices in the Asia Pacific rebounded 5% in the week through to Thursday as…
Read moreStatkraft’s trading unit posts EUR 298m profit
(Montel) Norway’s Statkraft posted an operating profit of NOK 3bn (EUR 298m) from its market operations in 2019,…
Read moreGerman agency expects no clarity on EUA cancellations soon
(Montel) Germany is unlikely to clarify anytime soon the extent of its plans to cancel carbon allowances…
Read moreIberdrola, Orange sign 12-year solar PPA in Spain
(Montel) Spanish utility Iberdrola and French telecommunications firm Orange have signed a 12-year year power purchase agreement (PPA)…
Read moreCarbon rises 2.5% as energy complex firms
(Montel) Carbon prices jumped 2.5% in Wednesday trading, underpinned by a supportive energy complex, stronger auction results…
Read moreFrench power demand falls to 10-year low – TSO
(Montel) France’s power consumption last year fell to its lowest in a decade, of 473 TWh, while…
Read moreBP sets 2050 carbon target, aims to “reinvent” oil business
(Montel) Oil major BP has set a “net zero” carbon target for 2050 as it looks to “reinvent”…
Read moreOdd bid behind market coupling failure – Nord Pool
(Montel) An unprecedented bid from a costumer contributed to the partial decoupling of European day-ahead prices for delivery…
Read moreOpec revises down oil demand outlook, cites coronavirus
(Montel) Oil producers’ group Opec has revised down its 2020 global oil demand outlook by 0.23m bbl/day from…
Read moreSpanish gas use to jump 10% in March – TSO
(Montel) Spanish gas consumption is set to increase 10% year on year in March to 34.2 TWh, driven…
Read moreGales continue to disrupt coal vessel arrivals to Europe
(Montel) Gale-force winds continue to hamper coal deliveries to northwest Europe’s key port import hub at Rotterdam,…
Read moreGas prices slide as mild weather subdues demand
(Montel) European day-ahead gas prices dropped on Wednesday as weather forecasts for above-normal temperatures suggested a slump…
Read moreTrade deal "unlikely" to spur US-China LNG sales
(Montel) China is unlikely to import US LNG until all tariffs are lifted, despite a recently agreed…
Read moreNordic power prices fall on wet, mild outlook
(Montel) Front forwards were falling on Wednesday amid wet and mild weather, which was set to bolster an…
Read moreEngie will not be broken up – minister
(Montel) Engie will not be broken up, French energy minister Elisabeth Borne said on Wednesday, after the…
Read moreNord Pool mulls power futures across 14 countries
(Montel) Nordic exchange Nord Pool is considering the launch of power future contracts in 14 European countries…
Read moreEIA revises up 2020 US coal export outlook 3.6%
(Montel) The Energy Information Administration (EIA) has revised up its 2020 US thermal coal export outlook by…
Read morePoland’s biggest power producer must decarbonise – study
(Montel) Poland's biggest power producer PGE must urgently invest to slash its carbon emissions to avoid a…
Read moreGerman spot power set to soar EUR 11 as wind wanes
(Montel) German day-ahead power prices looked set to surge nearly 60% on Wednesday as expected wind power production…
Read moreBrent crude firms to near USD 55, eyes on US inventories
(Montel) Oil prices firmed in early Wednesday trading, extending the previous day’s gains, as market participants expect Opec…
Read moreGermany only needs CHP to fill coal exit gap until 2030
(Montel) Germany does not need to invest in additional conventional power capacity until 2030 apart from CHP, even…
Read moreCarbon prices rise amid coal, oil rebound
(Montel) Carbon prices rose more than 1% on Tuesday amid a marginal rebound in the coal market,…
Read moreGas plants remain unprofitable – Statkraft
(Montel) Statkraft’s German gas-fired power plants were still unable to cover their investment costs last year, despite…
Read moreTurkish coal imports set to rise in 2020 – analysts
(Montel) Turkish thermal coal imports will likely rise this year as lower hydropower output and the suspension…
Read moreCoronavirus hits China’s LNG demand – WoodMac
(Montel) China’s LNG demand could be 2.6-6.3mt (3.5-8.6bcm) lower than anticipated this year due to the deadly coronavirus…
Read moreChina’s LNG rejections may spur floating storage – analysts
LNG tanker rates are expected to fall sharply as Chinese buyers reject cargoes amid faltering demand due…
Read moreFront-month gas prices stem fresh 11-year lows
(Montel) European front-month gas prices stemmed fresh 11-year lows on Tuesday as weather forecasts showed cooler temperatures and…
Read moreGermany may need 45 GW of backup capacity by 2030 – study
(Montel) Germany could need up to 45 GW of backup capacity by 2030 to ensure there is…
Read moreGazprom’s Feb gas auctions outpace full month in 2019
(Montel) Gazprom sold 514mcm of natural gas via its electronic sales platform (ESP) in the first 10 days…
Read moreNordic power edges up from lows on drier weather outlook
(Montel) Power forwards corrected up on Tuesday morning amid slightly drier forecasts, although the overall outlook remained…
Read moreReactor roulette heightens tension in French market
(Montel) EDF often extends maintenance outages at its French nuclear reactors, but market participants say restart delays…
Read moreTotal buys 1.2 GW of solar projects in Spain
(Montel) French energy giant Total has signed an agreement to buy a 1.2 GW portfolio of solar…
Read moreGerman green energy fund rises 11% to EUR 2.2bn in January
(Montel) Germany’s green energy fund expanded by 11% in January with income reaching EUR 2.2bn, TSO data…
Read moreFortum launches data science unit to aid power trading
(Montel) Finnish utility Fortum will establish a new data science and analytics unit, in an effort to support…
Read moreGerman spot power eyes EUR 4 gain as wind output drops
(Montel) German day-ahead power prices looked set to gain more than EUR 4 on Tuesday as forecasts indicated…
Read moreVoltalia to build 134 MW solar capacity in Portugal
(Montel) French renewables firm Voltalia will build and operate three solar farms in Portugal totaling 134 MW…
Read moreGreen energy firms vie for market share as subsidies vanish
(Montel) Firms offering market access for German green power producers are adjusting their business models to cover units…
Read moreCrude oil prices stabilise despite Opec cut uncertainty
(Montel) Crude oil prices stabilised on Tuesday – after Brent fell to a 13-month low overnight – with…
Read moreGas produces more electricity than coal in EU – IEA
(Montel) Gas produced more electricity than coal for the first time ever in the EU last year, while…
Read moreChemical firm underreports 0.6m tonnes in Swiss ETS
(Montel) A Swiss chemical company has unintentionally underreported nitrous oxide (N2O) emissions – equivalent to 600,000 carbon permits…
Read moreGerman coal basks in a lengthy sunset
(Montel) German plans to phase out coal generation have disappointed those hoping to see the bulk of…
Read moreEnergy complex slides on muted demand
(Montel) European energy markets saw yet another session of losses, as weak demand for coal, gas and…
Read moreHydropower trader becomes market maker on Poland’s TGE
(Montel) Polish hydropower firm TRMEW Trading has become the second market maker on power and gas exchange TGE.…
Read moreInterview: Full breeze ahead for Danish TSO
(Montel) Denmark's TSO faces fresh challenges in the country's bid to become global leader in wind power…
Read moreTTF front-month gas price slumps to fresh 11-year low
(Montel) Front-month gas prices at Europe’s main TTF hub fell to fresh 11-year lows on Monday amid…
Read moreGerman front-month power slides to near 3-year low
(Montel) The German front-month contract fell to its lowest level in two years eight months on Monday…
Read moreCoal prices slide amid buyer apathy
(Montel) European coal prices face further losses this week as lacklustre generation demand, ample supply and a…
Read moreHigh winds bring Rotterdam coal operations to a halt
(Montel) One of western Europe’s largest coal import terminals, at Rotterdam, has halted operations amid gale-force winds,…
Read moreTotal and Powertis to build 1 GW solar capacity in Spain
(Montel) French oil giant Total and Spanish green energy firm Powertis will create a joint venture to develop…
Read moreRWE signs 7-year PPA with European Energy
(Montel) German utility RWE has signed a seven-year power purchase agreement (PPA) with Danish firm European Energy…
Read moreNordic power hits new lows as hydrological surplus grows
(Montel) The front end of the Nordic power curve fell to fresh contract lows on Monday amid mild,…
Read moreAustralian coal logistics unaffected by flooding
(Montel) Australian coal rail and port operators have so far avoided any significant disruptions from widespread flooding…
Read moreGasum joins Nasdaq Commodities to boost power trading
(Montel) Finnish energy group Gasum has joined Nasdaq Commodities as a direct member, as it seeks to strengthen…
Read moreOil falls as China demand concerns continue to weigh
(Montel) Crude oil prices were falling again on Monday with China demand concerns amid the deadly coronavirus continuing…
Read moreSweden, Finland see negative power prices for first time
(Montel) Spot power prices in Sweden and Finland fell below zero for the first time ever for Monday,…
Read moreCoal edges lower on diminishing demand
(Montel) European coal prices softened in Friday trading in step with weaker gas, amid tepid generation demand…
Read moreRystad halves China LNG demand growth on coronavirus
(Montel) Rystad has slashed its expectations for China’s LNG demand this year, forecasting a slowdown in gas…
Read moreExtending Doel 4, Tihange 3 lifetimes would cost EUR 1bn
(Montel) Extending the lifetimes of the 1 GW Doel 4 and Tihange 3 nuclear reactors until 2045…
Read moreCO2 set to test EUR 23/t support next week
(Montel) EU carbon prices may test support at EUR 23/t next week as fundamentals remain bearish and as…
Read moreSpot gas prices hit 4-month low on oversupply
(Montel) European day-ahead gas prices fell to a four-month low on Friday amid continuing oversupply, with traders…
Read moreGerman curbs on Nordlink to hit Nordic exports – Statnett
(Montel) German TSO Tennet will be allowed to cut import capacity on the new 1.4 GW Nordlink cable…
Read moreEngie appoints interim management team to replace Kocher
(Montel) Engie has appointed an interim management team to replace Isabelle Kocher as it looks for a new…
Read moreNordic power continues fall to fresh lows on mild weather
(Montel) Nordic futures edged down on Friday as weather forecasts continued to send bearish signals to the market…
Read moreStatkraft’s German green portfolio shrinks 14%
(Montel) The volumes of green power assets managed by Norway’s Statkraft under Germany’s direct marketing scheme for renewables…
Read moreAsian LNG dives to new low on coronavirus impact
(Montel) Asian spot LNG prices have fallen to a new historic low as Chinese importers attempt to…
Read moreFrance awards 147 MW of solar tenders at EUR 86-96/MWh
(Montel) France’s energy ministry has awarded 147 MW of capacity to 306 solar power projects at average prices…
Read moreGermany to turn dry, calmer after record wind
(Montel) Weather conditions will turn calmer over the next month after a stormy start next week with the…
Read moreBrent holds near USD 55/bbl but demand worries persist
(Montel) Oil prices crept up in early Friday trading as participants weighed the prospect of deeper production cuts…
Read moreDanish trader InCommodities posts 80% rise in profits
(Montel) Danish power and gas trader InCommodities posted an 80% rise in operating profit to EUR 14.7m in…
Read moreGerman wind output could surpass 45 GW next week – Ubimet
(Montel) Wind power generation in Germany could exceed 45 GW next week – potentially setting a new record…
Read moreGas, coal fall as epidemic stokes demand fears
(Montel) European gas and coal prices fell on Thursday amid concerns the coronavirus outbreak in China will impact…
Read moreTotal rejects Chinese LNG coronavirus force majeure request
(Montel) Total has rejected a force majeure request from a Chinese LNG customer due to the coronavirus outbreak,…
Read moreASN declares "significant safety event" at 8 French reactors
(Montel) France’s ASN nuclear safety authority has declared “significant safety events” on back-up generators at eight reactors, it…
Read moreGerman Sunday power dives to near EUR 1/MWh
(Montel) German baseload power for Sunday plunged EUR 2.75 to EUR 1.25/MWh on Thursday amid an expected surge…
Read moreTTF gas front month falls to fresh 11-year low
(Montel) The front-month gas contract at Europe’s main TTF hub slipped below EUR 9/MWh – to the…
Read moreAsian coal sheds January gains as coronavirus impact spreads
(Montel) Benchmark coal prices in the Asia-Pacific region fell a further 2% in the week through to…
Read moreUniper starts work on new gas-fired power plant at Scholven
(Montel) Uniper has started the construction of a gas and steam power plant (138 MW) to replace old…
Read moreNordic Sunday power may see negative prices as supply swells
(Montel) Hourly power prices on Sunday could drop into negative territory in large parts of the Nordic region…
Read moreUK must build 5 turbines a week to meet 2030 target – report
(Montel) To achieve the government target of 40 GW of offshore wind by 2030, the UK will…
Read moreUniper stakeholder Fortum supports Datteln 4 start-up – CEO
(Montel) Uniper stakeholder Fortum supports the German firm’s plan to start-up the 1.1 GW Datteln coal-fired plant later…
Read moreGas exports still profitable at EUR 6/MWh – Equinor
(Montel) European gas exports are still profitable at around EUR 6/MWh as total gas supply costs were…
Read moreFrench airport management firm signs 21-year solar PPA
(Montel) French airport management and operator group ADP has signed a 21-year power purchase agreement (PPA) to receive…
Read moreFrance faces tough Arenh reform talks with EC – minister
(Montel) Talks with the European Commission over plans to reform sales of French nuclear output to rivals will…
Read moreNordic traders fear visibility loss in flow-based coupling
(Montel) A move to flow-based market coupling in the Nordic power market next year could make it…
Read moreTotal posts 57% rise in LNG sales to 34m tonnes
(Montel) France’s Total posted a 57% year-on-year increase in LNG sales to 34.3m tonnes in 2019, largely due…
Read moreStatkraft, Naturstrom sign 11-year PPA for 237 GWh
(Montel) German firm Naturstrom has signed an 11-year power purchase agreement (PPA) with Norway’s Statkraft to supply 237…
Read moreEquinor aims for 4-6 GW renewables capacity by 2026
(Montel) Norwegian energy major Equinor aims to increase its power production capacity from renewables tenfold to 4-6…
Read moreOil extends gains as Opec mulls output curb extension
(Montel) Oil prices climbed in early Thursday trading, extending the previous day’s gains, as representatives from Opec and…
Read moreGerman spot power to rise 4% as wind power output falls
(Montel) German day-ahead power prices looked set to gain more than EUR 1 on Thursday as forecasts suggested…
Read moreFortum hedges 40% of 2021 Nordic output at EUR 33/MWh
(Montel) Finnish utility Fortum reduced its hedging ratio for Nordic power one-year ahead last year.…
Read moreCoal extends gains on higher demand
(Montel) Front-year European coal prices jumped to a one-week high on Wednesday amid stronger free on board…
Read moreEngie board to meet Thursday amid reports CEO to be sacked
(Montel) The board of French utility Engie will meet on Thursday amid reports it will likely sack…
Read moreGerman front-week power eyes 2-year low amid record wind
(Montel) German front-week power was set to hit a two-year low amid record wind forecasts on Wednesday, while…
Read more“One of our best trading results ever” – Vattenfall CEO
(Montel) Vattenfall delivered one of its “best trading results ever” last year, said CEO Magnus Hall on Wednesday,…
Read moreEU power plant emissions see record decline in 2019 – study
(Montel) The EU power sector emitted 12% less CO2 last year than in 2018, as electricity generation…
Read moreNordic power hits fresh lows as mild winter continues
(Montel) Nordic power futures continued their fall on Wednesday, with the Q2 and front-month contracts hitting fresh record…
Read morePGE power output falls 10% in 2019
(Montel) PGE’s electricity generation in Poland fell 10% last year to 58.3 TWh amid a decline in coal-fired…
Read moreGerman spot power eyes 12-day high as wind output wanes
(Montel) German day-ahead power prices looked set to rise to their highest levels in 12 days on Wednesday…
Read moreVattenfall hedges 43% of 2021 output, posts trading gain
(Montel) Vattenfall posted a 26% rise in operating profit for 2019, partly thanks to a higher hedging…
Read moreUK aims to quit coal power one year earlier than planned
(Montel) The UK is set to bring forward by one year the deadline for the closure of…
Read moreNord Pool to investigate Tuesday spot error
(Montel) Nordic power exchange Nord Pool said late on Tuesday it would further investigate the technical issues that…
Read moreUK to become more reliant on interconnectors – report
(Montel) The UK’s latest capacity market auction for 2022-23 showed power links will play an increasingly dominant role…
Read moreGazprom sells record 3.9bcm in January auctions
(Montel) Gazprom sold a record 3.9bcm of gas via the company’s electronic sales platform (ESP) in January,…
Read moreCoal edges up as gas, oil rebound
(Montel) European coal prices rose in Tuesday trading, buoyed by supportive technical signals, a late rebound in…
Read morePolish counties to decide on wind farm locations – minister
(Montel) Poland plans to allow local communities to decide on the location of onshore wind farms in a…
Read moreGerman power front week eyes 1-year low on strong wind
(Montel) Germany’s front-week power contract was on track to deliver at a one-year low after falling more than…
Read moreRussian coal railings fall to 6-month low in January
(Montel) State-owned Russian Railways (RZD) handled 950,000t/day (29.3m tonnes) of coal in January – the lowest since…
Read morePrompt gas prices extend multi-month lows
(Montel) European prompt gas prices extended multi-month lows on Tuesday, pressured by an abundance of LNG supply…
Read moreCO2 slides below EUR 23/t as UK auctions loom
(Montel) European carbon prices dipped below EUR 23/t for the first time in nearly four months on Tuesday…
Read moreNordic power volumes traded on Nasdaq soar 75% in January
(Montel) Following the collapse in Nordic power prices in January volumes traded on the Nasdaq Commodities exchange last…
Read moreNordic power prices rebound on stronger coal, carbon
(Montel) Nordic power futures on Tuesday morning rebounded from contract lows reached in the previous session, thanks to…
Read moreCoronavirus sends Asian LNG to record low as glut deepens
(Montel) Asian spot LNG prices have tumbled to a fresh record low of around USD 3.50/MMbtu –…
Read moreUK to bring forward petrol car ban as part of climate plans
(Montel) The UK will bring forward a ban on the sale of new petrol cars to 2035 to…
Read moreOil firms but Brent around 1-year low on China demand fears
(Montel) Oil was firming on Tuesday but Brent remained around a one-year low – hit in the prior…
Read moreCO2 tumbles to 4-month low on UK supply
(Montel) European carbon prices tumbled to their lowest level in four months on Monday in the wake…
Read moreFrench power exports surge 68% amid strikes
(Montel) France’s electricity exports have increased nearly 68% since December – versus the same period a year ago…
Read moreUK spot gas set to crash to 17-year low on bearish signals
(Montel) UK spot gas prices were set to slump to a 17-year low this month on average…
Read moreGas share of UK power mix drops to 4-year low
(Montel) Gas-fired generation’s share of the UK power mix in January fell to its lowest since December…
Read moreFinnish paper strike continues, curbs power demand
(Montel) A strike at Finland’s paper industry entered its seventh day on Monday, continuing to curb power demand…
Read moreGerman front-year power slips to 20-month low
(Montel) The German power front-year contract fell to its lowest level in 20 months on Monday amid…
Read moreCapesize vessel index plunges to record low
(Montel) The global capesize vessel index has a hit record low of -106 points as the coronavirus…
Read moreMounting supply, cheap gas to curb CO2 prices this month
(Montel) European carbon prices were likely to face further pressure this month from a combination of expanding…
Read moreEDF warns of 24-hour power workers’ strike on Thursday
(Montel) EDF has warned of a 24-hour strike on Thursday with power workers set to join another nationwide…
Read moreSpanish spot power to climb on lower wind
(Montel) Spanish spot power prices looked poised to rise week on week amid an expected decline in…
Read moreTTF gas front quarter slumps to 13-year low
(Montel) European front gas contracts fell on Monday amid abundant supply, muted demand and flagging emissions prices.…
Read moreNordic Q2 power hits fresh contract low on mild, wet outlook
(Montel) Nordic power contracts hit new lows on Monday as weather forecasts continued to show mild and wet…
Read moreSpain’s gas use falls 1% in January on mild weather
(Montel) Spanish gas consumption fell 0.9% year on year in January to 39.9 TWh amid lower conventional…
Read moreSpain will struggle to meet 20% green target – minister
(Montel) Spain will struggle to achieve its green target to source 20% of its primary energy consumption from…
Read moreGerman spot power set to firm as wind output eases
(Montel) German day-ahead power prices looked set for a small rise as forecasts showed marginally lower wind output…
Read moreOil prices fall on demand concerns
(Montel) Oil prices fell on Monday amid concerns over energy demand and an economic slowdown as the spread…
Read moreGerman hourly power drops to EUR -16.95/MWh for Sunday
(Montel) German day-ahead power prices plunged to EUR -16.95/MWh on an hourly basis on Sunday morning on a…
Read moreUK to resume carbon auctions on 4 March – EC
(Montel) The UK will resume auctioning of EUAs on 4 March after a fifteen-month period of limbo, the…
Read moreSpot gas price eyes volatile outlook next week
(Montel) European gas prices looked likely to face a bumpy ride next week as especially mild weather…
Read moreSouth Africa coal exports drop 4% in 2019
(Montel) South Africa’s thermal coal exports fell nearly 4% last year to total 75.8m tonnes amid sharp…
Read moreFrench gas stocks fall following strikes at LNG terminals
(Montel) Gas storage levels in France have plunged since the start of year as nationwide strikes over…
Read moreCarbon prices to test lower levels as Brexit looms
(Montel) EUAs are likely to test lower levels in the coming week as bearish factors pile up, while…
Read moreGerman front-year power extends low on weak fuels, CO2
(Montel) German front-year power hit a fresh 19-month low on Friday, as carbon remained weak and gas hit…
Read morePolish miners threaten to block railed Russian coal imports
(Montel) A Polish trade union for coal miners is threatening to block railed imports of Russian coal to…
Read moreGas prices hit fresh lows on ample supply, mild outlook
(Montel) European gas prices continued their slide on Friday amid mild temperatures and oversupply, with contracts hitting…
Read moreWell-supplied coal to stay weak in February
(Montel) European coal prices will likely remain at around multi-year lows in February as strong supply and…
Read moreMild weather set to persist in Germany until end of winter
(Montel) The current mild weather in Germany looks set to persist until the end of the meteorological winter…
Read moreSpain’s January power output falls 7.3% amid robust imports
(Montel) Spain’s power generation fell 7.3% year on year in January to 21.7 TWh amid lower demand…
Read moreNordic power hits new lows on “extremely mild” forecasts
(Montel) Several Nordic power contracts hit new lows on Friday, with the latest long-term weather outlook predicting “extremely…
Read moreEurope’s gas industry expects its glut to deepen
(Montel) A gathering of European gas industry executives in Vienna this week revealed widespread expectations that Europe’s…
Read moreGermany faces temperature plunge next week – Ubimet
(Montel) Temperatures in some parts of Germany will drop up to 10C to around normal levels by the…
Read moreOil rises as WHO, Opec soothe market jitters over virus
(Montel) Oil bounced back on Friday after the World Health Organisation (WHO) opposed trade restrictions against China amid…
Read moreCarbon slides to 10-week low on poor generation demand
(Montel) European carbon prices slid to 10-week lows in Thursday trading in line with broader energy market…
Read moreGerman front-year power slumps to 19-month low
(Montel) The German front-year power contract slumped to its lowest level in 19 months on Thursday as…
Read moreGas spot slips below EUR 10 as weather turns milder
(Montel) Spot gas prices in Europe have pushed out some their lowest winter levels in at least…
Read moreEDF rivals dismiss “mind-boggling” Arenh reform
EDF’s rivals have dismissed government plans to reform the regulation governing the sale of its nuclear output…
Read moreTraders factor in mild winters as the new normal – analyst
(Montel) The unusually mild winter in the Nordic region is curbing the price of long-term power contracts…
Read moreEDP awarded 109 MW wind capacity in Italian tender
(Montel) Portuguese utility EDP was awarded 109 MW wind capacity in an Italian tender at an average…
Read moreUniper to close 1.5 GW of German hard coal capacity by 2023
(Montel) German utility Uniper said on Thursday it planned to close 1,517 MW capacity comprising three hard coal-fired…
Read moreNordic power plunges to fresh lows on mild, wet weather
(Montel) Nordic power contracts plunged to fresh lows on Thursday amid continuing wet and mild weather forecasts, with…
Read moreShell’s LNG sales rose 5% to record high in 2019
(Montel) Anglo-Dutch energy firm Shell sold a record high 74.5m tonnes of LNG in 2019, it said…
Read moreEuropean coal demand could slide 9% in 2020 – Noble
(Montel) Coal imports to Europe, Turkey and North Africa could decline nearly 9% this year to around…
Read moreAsian coal pressured lower by coronavirus, cheap LNG
(Montel) Benchmark coal prices in the Asia Pacific fell 4% in the week to Thursday as fears…
Read moreOil prices fall on demand concerns as coronavirus spreads
(Montel) Oil prices fell on Thursday largely driven by concerns that a deadly virus outbreak in China could…
Read moreOrsted aims for carbon neutrality in 5 years
(Montel) Danish energy group Orsted said on Thursday it aimed to make its energy production carbon neutral by…
Read moreGasTerra sells TTF gas storage at record high price
(Montel) Dutch gas trading firm GasTerra sold the second portion of gas storage for 2020/21 on TTF…
Read moreClientEarth launches legal action against UK gas plant
(Montel) A campaign group of environmental lawyers has launched a high court action against plans to build what…
Read moreOrsted’s 2019 offshore wind output jumps 20%
(Montel) Danish energy group Orsted saw a 20% rise in offshore wind production to 12 TWh last year,…
Read moreGerman spot power to plummet 30% amid supply boost
(Montel) German day-ahead power prices looked set to drop almost EUR 10 on Thursday amid expectations of more…
Read moreGerman coal law disruptive, price impact limited – analysts
(Montel) A German law to exit coal generation passed in the country’s cabinet on Wednesday contains few…
Read moreCO2 dips below EUR 24/t on weak fundamentals
(Montel) European carbon prices dipped on Wednesday below EUR 24/t for the first time since 15 January…
Read morePoland gives minister role to aid green development
(Montel) The Polish government has appointed deputy climate minister Ireneusz Zyska to the role of aiding the country’s…
Read moreEU importing more power from outside carbon market – Sandbag
(Montel) Countries in the EU ETS are increasingly importing electricity from nations that have zero or near-zero…
Read morePrompt gas prices dip as temperatures set to rise again
(Montel) Spot gas prices at the TTF and NBP hubs dropped on Wednesday as fresh weather forecast…
Read moreAcer calls for 2 EU-wide trading platforms to balance grids
(Montel) EU regulatory agency Acer has called on TSOs to set up two pan-European trading platforms by…
Read moreEstonian power output dives 39% in 2019
(Montel) Estonia’s electricity production fell 39% last year to 6.4 TWh due to flagging output from oil-shale powered…
Read moreEU to dissuade long-term gas deals to meet CO2 goal
(Montel) The European Commission will overhaul rules for the gas industry to discourage long-term supply deals that…
Read moreGermany to tender 5.5 GW coal closures in 2020-21
(Montel) Germany will launch two tenders to close 5.5 GW of hard coal capacity this year and next,…
Read moreNordic February power hits fresh low on wet, mild outlook
(Montel) The February contract fell to a record low on Wednesday morning on the back of a mild,…
Read moreOil prices firm but coronavirus concerns remain
(Montel) Oil prices edged up early on Wednesday, recouping some of the losses seen over the past week…
Read moreGerman spot power to ease amid ample wind output
(Montel) German day-ahead power prices looked set to soften on Wednesday amid an expected rise in lignite-fired generation…
Read moreMinister postpones Finnish energy sector strike
(Montel) A strike that threatened to disrupt Finnish power and heat supplies from Saturday has been postponed by…
Read moreRussia will finish Nord Stream 2 on its own – FT
(Montel) Russia has said it will complete construction of the controversial Nord Stream 2 pipeline without the help…
Read moreUK regulator investigates 2 GW power cable
(Montel) The UK energy regulator has launched an investigation into National Grid and Scottish Power over problems with…
Read moreCoal, gas prices firm on cooler weather forecasts
(Montel) European gas and coal prices rose slightly on Tuesday in response to forecasts for cooler weather…
Read moreGlobal coal demand to see “slight increase” to 2024 – IEA
(Montel) Global coal demand will rise marginally over the coming four years, as Asian consumption growth offsets…
Read moreExpert warns coronavirus could hit Chinese coal demand
(Montel) The rapid spread of the deadly coronavirus in China will have a pronounced impact on coal…
Read moreGerman Cal 21 power trades flat but bearishness remains
(Montel) The German benchmark front-year power was trading flat on Tuesday amid a more stable commodity market but…
Read moreNorway set to reject proposal to exit GOs
(Montel) A majority of parties in the Norwegian parliament will reject a proposal from the opposition Labour party…
Read moreFront-month gas prices rise as temperatures set to drop
(Montel) Front-month gas prices in Europe climbed on Tuesday as the region geared up for colder temperatures…
Read moreTotal Quadran to sell 50% of 143 MW renewables portfolio
(Montel) French energy giant Total has agreed to sell a 50% equity stake in a 143 MW…
Read moreGerman wind lobby urges more growth after 19-yr low in 2019
(Montel) Germany’s onshore wind capacity should grow by 1.4-1.8 GW this year, up from 1 GW in 2019…
Read moreNordic power front futures retreat on mild, wet outlook
(Montel) Nordic power prices slumped early on Tuesday as fresh forecasts indicated milder and wetter weather would…
Read moreTighter LNG market in sight – Cheniere
(Montel) The global LNG market is poised to tighten, according to US exporter Cheniere, even as Europe…
Read moreGazprom delivers 1bcm of gas via Turkstream
(Montel) Gazprom has delivered its first billion cubic meters of gas via its 31.5bcm Turkstream gas pipeline that…
Read moreElectrabel CEO repeats call for nuclear lifetime extension
(Montel) Philippe Van Troeye, the CEO of Engie’s Belgian subsidiary Electrabel, has reiterated a call to extend…
Read moreGerman spot power set to drop 7% on more wind
(Montel) German day-ahead power prices looked set to plunge around 7% on Tuesday amid expectations of higher…
Read moreOil trades near 3-month lows as China virus concerns persist
(Montel) Oil prices were trading close to three-month lows hit in the prior session on Tuesday as concerns…
Read moreGerman LNG terminal still faces 4 hurdles – developer
(Montel) A proposal to build a German LNG import facility at Brunsbuettel still needed to make progress…
Read moreCO2 prices hit 2-week low on weak generation demand
(Montel) European carbon prices extended recent losses on Monday and hit a fresh two-week low with the mild…
Read morePoland hopes to pass offshore wind law by summer
(Montel) The Polish government is hoping that a law to support the construction of 10 GW of offshore…
Read moreGerman front-week power falls EUR 1, Cal 21 hits 19-mth low
(Montel) The German front-week power contract shed more than EUR 1 on Monday as high wind levels were…
Read moreSpanish spot power to slide on more wind
(Montel) Spanish spot power prices could slide up to EUR 5 week on week with more wind…
Read moreSpot gas prices fall amid mild weather outlook
(Montel) Spot gas prices in the UK and on the continent fell on Monday as weather forecasts for…
Read moreNordic power curve rises on drier, colder outlook
(Montel) Nordic power prices rose on Monday as fresh forecasts indicated a switch to more seasonal cold, dry…
Read moreFrench strike cuts power capacity by 3.3 GW
(Montel) An ongoing strike by power workers cut French electricity capacity by about 3.3 GW on Monday morning,…
Read moreTSOs “out of sync” with EU climate goals – Eurelectric
(Montel) Forecasts by European TSOs over future gas demand and the role of hydrogen are “out of…
Read moreEzpada to trade Nordic power at Nasdaq Commodities
(Montel) Swiss trading house Ezpada has joined Nasdaq Commodities to trade Nordic power, the Oslo-based exchange said on…
Read moreGerman spot power eyes 20% drop as wind output set to surge
(Montel) German day-ahead power prices looked set to fall more than 20% as some forecasts showed wind power…
Read moreFinnish mill strike cuts power demand by more than 1 GW
(Montel) Finnish paper unions started a three-week strike on Monday morning over wages and other issues, cutting power…
Read moreFrench gas prices slump 40% as LNG imports hit decade high
(Montel) France’s LNG imports surged 87% last year to a 10-year high of 219 TWh, leading to…
Read moreFrench strike cuts power capacity by 4.2 GW
(Montel) An ongoing strike by power workers was cutting France’s power capacity by 4,247 MW on Friday afternoon,…
Read moreSwitzerland to sell 350,000t in first EU ETS linked auction
(Montel) Switzerland will hold its first carbon auction which is linked to the EU ETS on 9-11 March…
Read moreCarbon likely to test EUR 24/t on supply boost
(Montel) European carbon was set to come under pressure next week as auction volumes increased, while unseasonably mild…
Read moreCooler weather boosts gas prices but supply remains robust
(Montel) Gas prices at the TTF and NBP hubs edged up on Friday amid forecasts for less…
Read moreJapan’s LNG imports fall 7% in 2019 to 77m tonnes
(Montel) Japanese LNG imports fell 7% last year to 77.3m tonnes (105bcm), customs data showed this week,…
Read moreGerman hard coal plants need compensation after 2026 – lobby
(Montel) Germany’s hard coal-fired power plant operators would need compensation beyond 2026 to endure a nationwide phaseout…
Read moreGermany set for mild weather until end of February
(Montel) Temperatures in Germany and much of Europe will be much milder than normal until the end of…
Read moreNordic power resumes downward trend on wet, mild outlook
(Montel) Nordic power prices fell on Friday on the back of forecasts of slightly wetter and milder weather.…
Read moreAustralia’s key coal rail route to resume full operations
(Montel) Australia’s largest rail freight operator – Aurizon – will resume full operations on a key coal…
Read moreOil prices recover but China demand worries remain
(Montel) Oil prices traded a shade firmer early on Friday, stemming multi-week lows reached in the previous session…
Read moreSpain adds 6.5 GW of green capacity in 2019 – TSO
(Montel) Spain saw 6.5 GW in new power capacity from renewable sources come online last year, TSO Red…
Read moreCoal eases on lower gas, weak demand
(Montel) Atlantic basin coal prices fell in Thursday trading as it remained uncompetitive versus gas, milder weather…
Read moreGerman power front year hits 4-week low
(Montel) Germany’s benchmark power contract fell to its lowest level in four weeks on Thursday amid flagging…
Read moreGermany’s annual offshore wind capacity expands 15%
(Montel) Germany’s offshore wind capacity expanded by 1,111 MW last year, an increase of nearly 15% from…
Read moreEDF needs "time" to complete Flamanville repairs – ASN
(Montel) EDF needs “time” to tackle safety issues holding up the restart of two reactors (2.6 GW) at…
Read moreGas prices drop to new multi-month lows
(Montel) European gas prices declined to new multi-month lows on Thursday as a prevailing abundance of supply…
Read moreNord Stream 2 could be delayed until mid-2021 – analyst
(Montel) The launch of Gazprom’s Nord Stream 2 gas pipeline may be delayed until late summer 2021, with…
Read moreSpain raises 2030 solar capacity goal, speeds up coal exit
(Montel) Spain's new government has revised a climate and energy plan for 2021-2030, increasing the solar capacity…
Read moreAsian coal prices retreat as cheap gas renews pressure
(Montel) Benchmark coal prices in the Asia Pacific fell 7% in the week through to Thursday as…
Read moreGerman draft law leaves room for deeper hard coal cuts
(Montel) Germany could close more than 1 GW of hard coal-fired power capacity to compensate for the start…
Read moreGerman draft reveals timing of 8 lignite closures in 2020-22
(Montel) Germany utility RWE will close eight lignite-fired power units over the next three years, starting with its…
Read moreNordic power curve rises on drier, colder outlook
(Montel) Nordic power prices rose on Thursday as fresh forecasts indicated colder and drier weather. …
Read moreStena to build 155 MW wind farm in southern Sweden
(Montel) Swedish developer Stena Renewable will build a 155 MW wind farm in southern Sweden, eyeing completion in…
Read morePortugal’s Galp to buy 2.9 GW of solar capacity in Spain
(Montel) Portuguese oil company Galp said on Wednesday it has agreed to buy 900 MW of operating…
Read moreAnglo American coal output falls 8% in 2019
(Montel) Anglo American’s thermal coal production declined 8% this year to around 26.4m tonnes, amid challenging market conditions,…
Read moreChina imports 300m tonnes of coal in 2019 as prices tumble
(Montel) Chinese coal imports jumped 7% last year to 300m tonnes as international prices for the fuel…
Read moreGerman spot power eases on wind, solar output boost
(Montel) German day-ahead power prices looked set to drop more than 5% on Thursday amid expectations of more…
Read moreOil prices drop on US inventory increase, virus concerns
(Montel) Oil prices fell more than USD 1 to seven-week lows early on Thursday after industry data showed…
Read moreGerman environment minister backs coal exit deal
(Montel) Germany’s environment minister Svenja Schulze has dismissed the objections of experts critical of the government’s coal…
Read moreCO2 rises on higher generation demand
(Montel) European carbon prices climbed on Wednesday amid higher demand for fossil-fired generation due to colder temperatures.…
Read moreSwedish MPs reject Ringhals restart in knife-edge vote
(Montel) Swedish MPs narrowly defeated a proposal to force Vattenfall to halt the decommissioning of the Ringhals 1…
Read moreGerman power demand to soar 80% by 2050 – TSOs
(Montel) Dutch TSOs Tennet and Gasunie expect power demand in Germany to jump 80% by 2050 and…
Read moreFront-month gas prices slide on milder outlook
(Montel) Continental and UK front-month gas prices fell in Wednesday trading as a milder weather outlook and…
Read moreGerman price zone split is "a no-go" – BNA head
(Montel) The German government is fundamentally against its common power price zone being split in two, with the…
Read moreAnalysts lower Q1 coal price outlook by 2.4%
(Montel) Benchmark Newcastle coal prices looked set to average USD 68.90/t in the first quarter of 2020,…
Read moreNordic power futures edge up on colder outlook
(Montel) Nordic front contracts rose on Wednesday after several days of losses amid forecasts of colder weather.…
Read moreBaywa Re pegs German PPA levels around EUR 50/MWh
(Montel) Current prices for green power purchase agreements (PPAs) are likely to come in at around EUR 50/MWh,…
Read moreNordic hydro surplus could swell to 50 TWh – analyst
(Montel) The hydrological surplus in the Nordic region could treble to 50 TWh by the end of February…
Read moreFinnish spot eyes record premium to Nordic system price
(Montel) Finnish spot prices could trade at a record high over the Nordic system price this summer, suggesting…
Read moreAustralian coal logistics escape bushfire, flooding issues
(Montel) Australian coal rail and port operators have so far escaped any notable disruptions from widespread bushfires…
Read moreGerman spot power to extend 7-week high on wind lull
(Montel) German day-ahead power prices looked set to extend the previous session’s seven-week high on Wednesday as wind…
Read moreOil drifts down as US supply outweighs Libyan disruption
(Montel) Oil prices drifted lower early on Wednesday as robust US production and inventories outweighed concerns about disruptions…
Read moreNorwegian MPs turn against 1.4 GW Scotland power link
(Montel) A majority of parties in Norway’s parliament want to halt North Connect’s application for a 1.4 GW…
Read moreEon, Vattenfall CEOs urge Germany to scrap EEG levy
(Montel) The CEOs of utilities Eon and Vattenfall on Thursday called on Germany to scrap a levy for…
Read moreExperts to decide volume of German EUA cancellations – draft
(Montel) Germany will cancel surplus carbon allowances affiliated with its coal exit plan, but only those not…
Read moreGermany to tender 1 GW more hard coal closures by 2023
(Montel) Germany will raise tenders to close an additional 1 GW of hard coal-fired power plants by…
Read moreSouth African coal prices plunge 10% from 1-year high
(Montel) South African coal prices have plunged 10% over the past week as adverse weather conditions –…
Read moreGerman coal payout will deter early closures – economist
(Montel) Germany’s planned compensation payments for coal plant closures will keep some loss-making units in the money,…
Read moreEDF plans to close 14 reactors at seven nuclear power plants
(Montel) French utility EDF is mulling closing up to 14 reactors at seven nuclear power plants, in…
Read moreUK spot gas firms on short system, cold snap
(Montel) UK spot gas prices climbed on Tuesday morning as a short cold spell and a slightly…
Read moreDeclining river levels may hinder coal barge shipments
(Montel) Declining levels on western Europe’s waterways may hinder European coal barge shipments to German power plants…
Read moreGerman minister defends “cautious” lignite closure plan
(Montel) German economy minister Peter Altmaier on Tuesday defended the “cautious path” the country is taking in regard…
Read moreGerman hard coal to shoulder more phase-out burden – govt
(Montel) An agreement to phase out German coal generation by 2038 will require more hard coal plant…
Read moreNo need for capacity reserve next winter – Belgian minister
(Montel) Belgian energy minister Marie Christine Marghem has ruled out the need for a strategic power reserve…
Read moreNordic power hits new lows “that may persist to autumn”
(Montel) Nordic front futures hit fresh lows on Tuesday amid persistent wet and mild weather and a healthy…
Read moreAustralian bushfires affect BHP thermal coal output
(Montel) Mining firm BHP’s thermal coal output declined 12% to 11.7m tonnes in the first half of…
Read moreBaltic fund to expand solar capacity in Poland by 66 MW
(Montel) Lithuania’s SME fund will increase its photovoltaic capacity in Poland to 109 MW by July after adding…
Read moreGerman spot power to gain as winds ease
(Montel) German day-ahead power prices gained on Tuesday morning as forecasters projected a drop in wind generation,…
Read moreOil prices retreat as Libya disruption set to be short-lived
(Montel) Oil prices are falling on Tuesday – with Brent having jumped above USD 65/bbl in the prior…
Read moreUS natural gas prices slump to 4-year low
(Montel) US natural gas prices have slumped to USD 1.83/MMbtu, their lowest in four years, amid ample supply…
Read moreCO2 retreats after hitting 3-week high
(Montel) European carbon prices were retreating on Monday afternoon after hitting a three-week high earlier, with a…
Read moreSpanish gas use to jump 10% in Feb – TSO
(Montel) Spanish gas consumption is set to increase 10% year on year in February to 36 TWh,…
Read moreUK will no longer invest in coal – Boris Johnson
(Montel) The UK will no longer invest directly in new coal-mining or power production projects, prime minister…
Read moreRussia’s largest coal port boosts 2019 exports 5%
(Montel) Russia’s largest coal terminal at Vostochny exported 25.5m tonnes last year, more than 5% higher than…
Read morePrompt coal prices to extend multi-month lows
(Montel) European coal prices have slumped 10% over the past week, with abundant supply, slack demand and…
Read moreFewer gas plants seek closure as conditions improve – BNA
(Montel) Germany's energy regulator has seen a decline in requests from utilities seeking to close gas-fired power…
Read moreSpanish spot to climb on weak wind, forwards extend lows
(Montel) Spanish spot power prices looked poised to climb week on week amid an expected decline in…
Read moreThe Netherlands will become net power importer in 2025 – TSO
(Montel) The Netherlands will likely become a net power importer in 2025 and must start deepening its…
Read moreNordic power Feb, Q2 dive to fresh lows on wet weather
(Montel) Nordic power slid EUR 2 on Monday morning, with the February and Q2 contracts hitting record lows,…
Read moreGerman spot power to ease from 6-week high
(Montel) German day ahead power prices looked set to fall from some of their highest levels in…
Read moreOil prices rise as Libya halts exports
(Montel) Brent crude prices rebounded above USD 65/bbl on Monday as Libya closed a key export pipeline.…
Read moreOTC gas trading volumes surge 22% in 2019 – Leba
(Montel) Traded gas volumes in European brokered markets surged 22% last year to 32,694 TWh, driven mainly…
Read moreNordic hydro producers must hike generation by 5-10% – EQ
(Montel) An abundance of rainfall in the Nordic region so far this year means hydropower producers will…
Read moreStrike cuts French power capacity by 3.7 GW
(Montel) An ongoing strike by power workers was cutting French power capacity by about 3.7 GW on Friday…
Read moreCO2 set to test EUR 26/t as rally persists
(Montel) European carbon is likely to test EUR 26/t in the coming week as the current rally appears…
Read moreGerman Cal 21 power rebounds from 10-month low
(Montel) Germany’s benchmark power contract stemmed a near 10-month low on Friday, with traders citing a surge in…
Read moreGermany to see return of mild weather after next week
(Montel) Germany should see a return to mostly above average temperatures through into February following a brief…
Read moreFront-month gas drops to 5-month lows on plentiful supply
(Montel) Front-month gas prices at the UK and Dutch hubs fell on Friday to their lowest levels…
Read moreGerman plan adds 180mt of CO2 to coal exit – Matthes
(Montel) Germany’s revised coal phase-out plan would probably see an extra 180m tonnes of carbon emitted to…
Read moreGerman TSOs expect gas-fired capacity to rise 35% by 2035
(Montel) Germany's TSOs expect gas-fired power plant capacity to rise 35% to 34.2 GW by 2035 amid…
Read moreNordic Q2 power plumbs fresh 2-year low on wet, mild outlook
(Montel) Nordic power contracts continued their fall on Friday, with the Q2 contract hitting a fresh two-year low…
Read moreForestalia agrees sale of 300 MW solar project in Spain
(Montel) Spanish renewable energy firm Forestalia has agreed to sell a 300 MW solar project in Spain…
Read moreGermany to turn colder, less windy next week – Ubimet
(Montel) Germany will temporarily see temperatures fall back to average levels next week, while wind output should…
Read moreOil price stabilises near USD 65 on US-China trade boost
(Montel) Brent crude prices were stabilising near USD 65/bbl on Friday as a preliminary US-China trade deal boosted…
Read moreFrance plans regulated sale of EDF’s entire nuclear output
(Montel) The French government is proposing to extend the regulated sale of EDF’s nuclear power after 2025 to…
Read moreEUR 2.6bn lignite compesation falls short of "damage" – RWE
(Montel) The German government has offered RWE EUR 2.6bn over 15 years to compensate for planned lignite-fired power…
Read morePoland targets 2021 for new onshore wind rules
(Montel) The Polish government aims to ease restrictions for onshore wind projects, with the new rules to take…
Read moreEC to hand out 23.9m EUAs from new entrant reserve in 2020
(Montel) The EU will distribute 23.9m EUAs to new or significantly expanded industrial plants in 2020, according to…
Read moreNorway set to award Epex and Nasdaq spot market licences
(Montel) Norway’s energy regulator will award power exchanges Epex Spot and Nasdaq Oslo licences to operate in the…
Read moreIndonesia’s coal exports retreat from 5-month high
(Montel) Indonesia’s coal exports eased 2.4% in November, pulling back from the previous month’s five-month high, amid…
Read moreGerman green lobby slams "scandalous" coal exit plans
(Montel) Planned German lignite plant closures out to 2038 unveiled by the government did not come soon enough…
Read moreCO2 prices rise as Germany confirms EUA cancellations
(Montel) European carbon prices firmed as much as 2.6% on Thursday as Germany released a schedule for lignite…
Read morePrompt gas contracts trade flat as mild weather persists
(Montel) Prompt gas prices in Europe fluctuated in a narrow band on Thursday as traders weighed the…
Read moreGerman front-year power contracts firm as EUAs surge
(Montel) German front-year power contracts rose amid a surging CO2 price and details about the nation’s plan…
Read moreSuez Canal extends incentives for coal, LNG cargoes
(Montel) Coal and LNG shipments via the Suez Canal will continue to benefit from significant toll reductions…
Read moreNewcastle coal surges on tightness in South Africa, India
(Montel) The Asia Pacific’s benchmark coal price has surged 12% in the week to Thursday as storms…
Read moreGerman minister approves start-up of Datteln 4 coal plant
(Montel) German energy minister Peter Altmaier on Thursday approved the start-up of Uniper’s new hard coal-fired power plant…
Read moreBerlin confirms cancelling of EUAs amid coal exit
(Montel) Germany will cancel surplus emissions allowances (EUAs) generated by closing coal-fired power plants as part of its…
Read moreNon-Opec supply growth to exceed 2m bbl/day in 2020 – IEA
(Montel) Oil supply from non-Opec producers will grow 2.1m bbl/day in 2020 “with stronger growth in the first…
Read moreGermany targets 5.7 GW of lignite closures from 2025-29
(Montel) Germany plans to close 5.7 GW of lignite-fired capacity in a second wave from 2025-29, as part…
Read moreRWE to close 2.8 GW of lignite by end of 2022
(Montel) RWE will shoulder all of the initial lignite plant closures until the end of 2022, totalling eight…
Read moreRussia boosts exports from key coal-producing region
(Montel) Russia last year railed 147m tonnes of coal for export from its key Kuzbass producing region,…
Read moreOil firms after US-China trade deal, drop in stockpiles
(Montel) Oil prices rose early on Thursday following news late in the previous session of a preliminary US-China…
Read moreGerman spot power to drop 5% on more wind, thermal power
(Montel) German day-ahead power prices looked set to drop around 5% on Thursday amid expectations of more supply…
Read moreBerlin reaches deal with states on coal exit
(Montel) Germany's federal government has reached a deal with coal-mining states on a schedule to close assets…
Read moreUS, China sign trade agreement, energy tariffs remain
(Montel) The US and China have agreed the first step of a broader deal to diffuse a…
Read moreEDF builds dyke at Gravelines plant amid flood risk
(Montel) EDF has started building a dyke surrounding its Gravelines nuclear plant (5.5 GW) in northeastern France…
Read moreFebruary coal hits 4.5-month low on mild spell
(Montel) European front-month coal hit a fresh 4.5-month low on Wednesday as milder weather forecasts continued to…
Read moreGerman front-year power rises on buoyant CO2
(Montel) Germany’s benchmark front year power price climbed on Wednesday, supported by a rally in the cost…
Read moreEurope’s coal generation plunges 27% in 2019 – report
(Montel) Europe’s coal-fired generation fell 27% in 2019 to 420 TWh, as it lost out to low-priced…
Read moreNordic Elcert issuance hits record 4.2m in December
(Montel) The issuance of Swedish-Norwegian Elcerts rose 43% month on month to a record 4.2m certificates in December,…
Read morePoland to back 10 GW of new offshore wind developments
(Montel) Poland will incentivise the construction of around 10 GW of offshore wind capacity in the Baltic Sea…
Read moreETS needs tighter cap for Paris climate goal – German agency
(Montel) Europe's carbon market is on track either to fall short of delivering its share of an…
Read moreOpec revises up outlook for 2020 oil demand growth
(Montel) World oil demand in 2020 should average 100.98m bbl/day, up 1.22m bbl/day from last year and 0.14m…
Read moreEnvironmental lobbies sue Germany to force deeper CO2 cuts
(Montel) Environmental groups in Germany have lodged a case with the country’s highest court to force the government…
Read morePolish front-month power hits fresh low
(Montel) Polish front-month baseload power slid to a fresh contract low on Wednesday amid flagging spot prices coupled…
Read moreEU spot gas slips on rising temperatures, high wind
(Montel) European spot gas prices fell on Wednesday amid mild weather ahead and strong supply. …
Read moreVattenfall to build 5 MW battery in Sweden
(Montel) Swedish utility Vattenfall will build a 5 MW battery – with the Nordic region’s biggest electricity storage…
Read morePrices rise 16% to EUR 56.80 in latest German solar tender
(Montel) Prices for German solar capacity jumped 15.9% in the latest tender for capacity that allocated 501 MW,…
Read moreNordic Q2 power corrects up after hitting 22-month low
(Montel) Nordic power contracts close to delivery are correcting up on Wednesday, after opening down on continuous wet…
Read moreEIA revises down 2020 US coal export outlook 2.2%
(Montel) The Energy Information Administration (EIA) has revised down its 2020 US thermal coal export outlook by…
Read moreASN ends “enhanced supervision” of Belleville nuclear plant
(Montel) France’s ASN nuclear safety authority said on Wednesday it has ended “enhanced supervision” at its 2.6…
Read moreUS LNG exports to grow 55% by 2021 – EIA
(Montel) US LNG exports will grow 55% over the coming two years, despite an expected slowdown in…
Read moreFrench strike curbs power capacity by 4.9 GW – update
(Montel) An ongoing strike in France was cutting French power capacity by 4,876 MW on Wednesday morning,…
Read moreOil edges down ahead of US-China trade deal signing
(Montel) Crude oil prices traded a shade down early on Wednesday as the US and China prepared to…
Read moreGerman spot power set to jump 46% on wind plunge
(Montel) German day-ahead power prices looked set to rise over EUR 11 from the prior settlement on Wednesday,…
Read moreBlackrock pledges to divest from thermal coal
(Montel) Blackrock, one of the world’s biggest fund managers, has said it will divest from thermal coal as…
Read moreCoal prices retreat on rising stocks, mild weather
(Montel) European coal prices retreated on Tuesday amid rising stock levels and as mild weather and strong…
Read moreTraders, regulators slam plans to remove Mifid 2 exemptions
(Montel) Europe’s energy sector, including traders, regulators and trade bodies, has slammed plans by pan-EU financial authority…
Read morePolish power output falls 4% in 2019 on less coal burn
(Montel) Poland’s power production fell 4% year on year in 2019 to 159 TWh amid a decline in…
Read moreCoal port stocks grow to 6-week highs
(Montel) Coal stocks at northwest European dry bulk terminals have risen to six-week highs amid weak generator…
Read moreEinar Aas returns to power market as analyst
(Montel) Former power trader Einar Aas – a Norwegian whose default in 2018 blew a EUR 114m…
Read moreEuropean gas slides to 4.5-month lows
(Montel) European front-month gas prices slid to fresh 4.5-month lows on Tuesday amid milder weather forecasts, while…
Read moreS Africa coal hits 1-year high on adverse weather
(Montel) South African coal prices have hit a one-year high, with heavy rain and flooding hampering output.…
Read moreGas prices to fall further this year – WoodMac
(Montel) Last year's plunge in European gas prices will likely continue into 2020, according to consultancy Wood…
Read moreSpain to receive 6.9 TWh of LNG this week – TSO
(Montel) Spain will receive seven cargoes totalling almost 6.9 TWh (0.62bcm) of LNG this week, data from…
Read moreFrench strike curbs power capacity by 4.6 GW
(Montel) Continued industrial action in France was curbing EDF’s power capacity by 4,556 MW on Tuesday morning,…
Read moreNordic Feb power slips to fresh low on mild, wet outlook
(Montel) Nordic power contracts traded sharply lower on Tuesday, pressured by a wet and mild weather outlook coupled…
Read moreSweden may soon see negative power prices – analysts
(Montel) Sweden will likely soon see negative spot prices for the first time amid a rapid expansion…
Read moreChina’s coal imports rise 6.7% in 2019
(Montel) China’s coal imports last year rose 6.7% on the year to 299.7m tonnes, as a shortfall…
Read moreRobust wind output to keep German spot power low
(Montel) German day ahead power prices continued to trade at some of their lowest levels in months,…
Read moreOil trades flat as fears of all out US-Iran war recede
(Montel) Oil prices were trading flat on Tuesday as fears of an all out war between the US…
Read moreBKW raises 2019 earnings outlook on trading performance
(Montel) BKW has raised its earnings outlook for 2019 and now expects to beat its prior year…
Read moreCoal hits near 3-month high
(Montel) European front-year coal prices hit some of their highest levels since late October on Monday as…
Read moreEUAs to average EUR 26/t in 2020 – Refinitiv
(Montel) European carbon prices will likely average EUR 26/t this year, as emissions from the power sector are…
Read moreUp to 30 reactors could adjust for green power feed-in – EDF
(Montel) France’s EDF expects to adjust the power of up to 30 reactors over the next 5-10 years…
Read moreNear-term German power prices fall on mild weather
(Montel) German near-term power prices fell on Monday amid a mild outlook, with only the front-week contract bucking…
Read moreSpanish power to trade flat as wind spike offsets demand
(Montel) Spanish spot power prices could trade sideways this week amid an expected spike in wind output…
Read moreGas prices rise on cooler outlook, Nord Stream 2 delay
(Montel) European gas prices rose on Monday amid forecasts for cooler temperatures later this month and news of…
Read moreEuropean coal prices eye further gains
(Montel) European coal prices may rise further this week amid supportive South African and Asian markets, although…
Read moreEDF expects 2020 nuclear output to match 2019 target
(Montel) French utility EDF expects its nuclear production in 2020 to match its 2019 target, despite the closure…
Read morePolish solar capacity trebles in 2019 to 1.3 GW
(Montel) Poland's installed solar capacity almost trebled last year to 1.3 GW, according to the latest data from…
Read moreNordic February power hits contract low on wet forecasts
(Montel) February fell more than EUR 1 on Monday to a contract low of EUR 28.80/MWh on yet…
Read moreFrench nuclear output falls to 3-year low in 2019
(Montel) French nuclear power output fell to a three-year low of 379.5 TWh in 2019 as output…
Read moreOil slips below USD 65 as US-Iran tensions ease
(Montel) Oil prices edged down on Monday amid a de-escalation of tensions between the US and Iran.…
Read moreGerman spot power eyes 15-week low on 40 GW wind
(Montel) German day-ahead power prices looked set plunge to their lowest level for a working day since late…
Read moreNord Stream 2 faces delay to Q1 2021 – Putin
(Montel) Work on the Nord Stream 2 gas pipeline to Germany looks set to be completed by…
Read moreGerman lignite closure talks to end on Tuesday – report
(Montel) Germany’s ministry of economy and the country’s lignite operators are likely agree on the closure of lignite…
Read moreEuropean coal prices rise to multi-week highs
(Montel) European coal futures climbed to fresh multi-week highs on Friday, supported by soaring South African prices…
Read moreGerman front-year power softens on weaker carbon
(Montel) The German front-year power contract softened in line with falling carbon prices on Friday.…
Read moreGerman lignite coal closure talks remain ongoing – ministry
(Montel) Talks regarding the order of lignite plant closures and possible compensation payments remain ongoing in terms of…
Read moreAcer to tighten Remit reporting rules due to non-compliance
(Montel) EU regulatory agency Acer said on Friday it will tighten Remit reporting rules pertaining to energy…
Read moreAuction supply set to pressure carbon prices
(Montel) European carbon prices are expected to come under pressure in the coming week as auction supply increases…
Read moreUK front-month gas firms on cooler weather outlook
(Montel) UK gas prices for February delivery edged up on Friday, with forecasts for cooler temperatures and a…
Read moreGazprom sells record 0.5bcm via electronic platform
(Montel) Russian gas giant Gazprom sold 474mcm of natural gas via its electronic sales platform ESP on Thursday,…
Read moreENBW connects 112 MW offshore wind to German grid
(Montel) ENWB has fully connected its 112 MW offshore wind farm Albatros to the power grid, increasing generation…
Read moreSpanish gas may drop below EUR 10/MWh on abundant supply
(Montel) Spanish gas prices could fall below EUR 10/MWh in the first half of 2020, pressured by…
Read moreFinland to lead the way in Nordic wind growth – expert
(Montel) Finland would be particularly attractive for investors in the Nordic wind power sector this year, though the…
Read moreGerman green energy fund slumps to 6-year low
(Montel) Germany’s green energy fund slumped to its lowest level in six years at the end of 2019…
Read moreMild weather, high wind to curb German power prices
(Montel) German spot power prices should see little change week on week, as mild weather and periods of…
Read moreStrike cuts French power capacity by 6.5 GW
(Montel) An ongoing strike by power and gas workers has cut French power capacity by about 6.5 GW…
Read moreGerman insurer Talanx buys 180 MW solar project in Spain
(Montel) Renewable group IB Vogt has sold a 180 MW solar project in western Spain to German insurance…
Read moreOil continues fall as US-Iran jitters ease slightly
(Montel) Oil prices fell for the second consecutive session on Friday as tensions between the US and Iran…
Read moreBudweiser secures enough green power for "14 breweries"
(Montel) Belgian brewer AB InBev has signed a 10-year power purchase agreement (PPA) with German firm BayWa Re…
Read moreCO2 rises amid technical recovery
(Montel) European carbon prices rose on Thursday amid a technical recovery but stayed within their EUR 23.80-25/t trading…
Read moreFrance urges price cap and floor to replace Arenh rate
(Montel) The French government is discussing plans with the European Commission to introduce a price cap and…
Read moreIce coal futures and options volumes slump 26% in 2019
(Montel) Coal futures and options volumes cleared on the London-based Ice exchange in 2019 were 26% lower…
Read moreRussian coal exports slide to 11-month low in December
(Montel) Russian coal exports in December slumped to an 11-month low, in part due to waning European…
Read morePGNiG appoints new CEO, board after sackings
(Montel) Polish gas giant PGNiG has on Thursday named ex-government minister Jerzy Kwiecinski as its new CEO and…
Read morePolish power imports rise by a third in 2019
(Montel) Poland imported 11.6 TWh of electricity last year, 3 TWh more than in 2018, due to an…
Read moreGerman power bounces back on stronger coal, CO2
(Montel) Germany’s benchmark Cal 21 power contract bounced back on Thursday after prior losses, mainly driven by firm…
Read moreAquila buys 43 MW Finnish wind project
(Montel) Aquila Capital has bought a 43 MW wind power project in Finland which will be built without…
Read moreFront-month gas prices rebound from fresh 4-month lows
(Montel) Front-month gas contracts in Europe traded a shade up after hitting fresh four-month lows early on…
Read moreNordic power prices correct up after days of losses
(Montel) Nordic power prices rose across the curve on Thursday, despite continuous wet, mild weather forecasts, in what…
Read moreAsian coal climbs 3% as China’s imports set to rise
(Montel) The Newcastle coal index has climbed 3% over the past week amid greater Chinese import appetite,…
Read moreCoal supply constraints may underpin price recovery
(Montel) There is likely to be a 12m-tonne shortfall in global seaborne thermal coal supply this year, potentially…
Read moreGerman spot power to fall 10% on 30 GW wind
(Montel) German day-ahead power prices look set to drop almost EUR 4 on Thursday as wind generation increases…
Read moreCarbon declines on mild weather, weak gas
(Montel) European carbon prices fell on Wednesday due to continued mild weather and low gas prices, with the…
Read moreFront-month gas prices dip to 4-month lows
(Montel) Front month gas prices in Europe touched four-month lows on Wednesday amid ongoing mild weather, elevated…
Read moreGerman power front week slides 5% on 30 GW wind
(Montel) German front-week power dived EUR 2 on Wednesday amid forecasts of stormy weather with wind generation peaking…
Read moreNorth Connect cable benefits Norway and Scotland – Sturgeon
(Montel) The planned 1.4 GW North Connect electricity cable between Scotland and Norway would benefit both countries and…
Read moreNordic February power hits fresh low on mild weather
(Montel) Nordic power prices fell sharply again on Wednesday – with February hitting a fresh contract low of…
Read moreRussian Baltic coal exports to Asia surge 32% in 2019
(Montel) Russian long-haul coal exports to Asia from the Baltic Sea surged more than 30% year on…
Read moreBelgium is net power exporter first time in nearly a decade
(Montel) Belgium became a power net exporter in 2019 for the first time in almost 10 years…
Read moreSpain green growth won’t impact 2020 power price – analysts
(Montel) Spain saw more than 5 GW in renewable additions in 2019, though increased green capacity would…
Read moreGerman spot power eyes 7% rise as wind output to wane
(Montel) German day-ahead power prices looked set to rise around 7% from the prior settlement on Wednesday amid…
Read moreOil prices jump as US-Iran tensions escalate
(Montel) Crude oil prices jumped to multi-month highs early on Wednesday on news that Iran launched more than…
Read moreGerman government may decide on coal exit on 15 January
(Montel) Germany’s government cabinet may decide on the pending coal exit draft law on 15 January, a government…
Read moreFront-year coal touches 6-week high
(Montel) European coal prices for the year ahead soared on Tuesday to hit the highest level since…
Read moreGerman Q2 power slumps to 21-month low on mild weather
(Montel) Germany’s front-quarter power contract hit the lowest level in more than 21 months on Tuesday on the…
Read moreAnalysts see EUR 4 upside for German Cal 21 power – poll
(Montel) Commodity analysts see upside of up to EUR 4 for the German Cal 21 power contract…
Read moreSpain appoints new prime minister, energy reform expected
(Montel) Spain’s parliament on Tuesday appointed Socialist Pedro Sanchez as new prime minister, a move experts said would…
Read moreOTC gas trading volumes rise 22% in Jan-Nov – Leba
(Montel) Traded gas volumes in European brokered markets reached 30,496 TWh from January-November, up 22% on the…
Read moreNordic Elcerts plunge to record lows
(Montel) Nordic Elcert prices have fallen to record lows this week following a mild and windy start to…
Read moreSpanish spot power set to jump EUR 10 as demand returns
(Montel) Spanish spot power prices could jump up to EUR 10 this week amid an expected spike…
Read moreFront-month gas hits 3-month lows as Russian flows rise
(Montel) European front-month gas contracts extended the previous day’s losses on Tuesday amid rising Russian flows to…
Read more“Extreme” Nordic power sell-off continues
(Montel) Nordic power contracts continued their fall on Tuesday amid very wet, mild weather forecasts, which has triggered…
Read moreCarbon faces pressure as UK prepares to sell 2019 supply
(Montel) European carbon prices will likely remain under pressure in January as participants await a UK announcement…
Read moreInnogy to build 42 MW of Polish solar capacity
(Montel) Germany's Innogy will build 42 MW of solar capacity in western Poland, having been awarded a tender…
Read moreGerman spot power to drop on more wind, mild weather
(Montel) German day-ahead power prices were set to decline on Tuesday on expectations of more wind and…
Read moreGerman 2020 climate target may still be achievable – study
(Montel) A 7% decline in emissions in Germany last year means the country could still reach its 2020…
Read moreUS-Iran tensions keep fuel curves elevated
(Montel) Front year gas and coal contracts pushed higher on Monday after oil climbed above USD 70/bbl…
Read moreUK gas set to ease in January amid subdued demand
(Montel) UK spot gas prices could drop 1p on average in January as forecasts for relatively mild…
Read moreNordic financial power volumes drop to 21-year low – Nasdaq
(Montel) Nordic financial power volumes traded and cleared on the Nasdaq Commodities exchange plunged nearly 14.5% year…
Read moreCoal stocks at EU terminals decrease to 15-month low
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have declined to 15-month lows…
Read moreGerman coal plants may receive EUR 100,000/MW to close
(Montel) Operators of up to 4 GW of German hard coal capacity may be willing to agree to…
Read moreFrench power falls EUR 3 on mild weather, nuclear output
(Montel) French front-week power prices fell EUR 3.65 on Monday amid forecast low demand due to mild…
Read moreGerman power falls on mild weather, strong availability
(Montel) Prices on the German short-term power market fell on Monday on continued mild weather conditions and ample…
Read moreAmple supply, weak demand to pressure EU coal prices
(Montel) European nearby coal prices will likely come under pressure this week as sluggish demand and healthy…
Read moreGas front falls on mild outlook, strong supply
(Montel) European front-month gas contracts fell on Monday amid abundant supply and reduced demand on mild weather…
Read moreGerman January power eyes 4-year low on mild outlook, gas
(Montel) German power prices could average as low as EUR 34.50/MWh this month, their lowest level for a…
Read moreNordic Q2 power hits 18-month low on wet, mild outlook
(Montel) Nordic power futures fell across the board Monday morning amid forecasts for mild and wet weather.…
Read moreGerman power demand to rise 26% to 748 TWh by 2030 – study
(Montel) The planned electrification of the German transport and heating sectors will boost power consumption by nearly 26%…
Read moreGerman spot power eyes gain on low solar, higher demand
(Montel) German day-ahead power prices looked set to rise 8% on Monday morning, as a potential rise in…
Read moreBrent crude hits 3-month high of USD 70/bbl on Iran tensions
(Montel) Brent crude oil prices continued to soar on Monday, climbing above USD 70/bbl for the first time…
Read moreCoal prices track gains in gas, oil
(Montel) European coal prices rose in Friday trading amid buoyant gas and oil markets, although limited physical…
Read moreTTF gas may see lowest January spot on record
(Montel) Spot gas prices on Europe’s main TTF hub could see the lowest average for a January, with…
Read moreGerman front-year power jumps on broader market jitters
(Montel) The German front-year power contract rose on Friday by nearly EUR 1 to its biggest daily gain…
Read moreCO2 to trade range-bound as market awaits UK news
(Montel) EUAs will trade between EUR 24-26/t in the coming week as the 2020 auction programme gets underway…
Read moreEuropean gas prices rise on supply drop, oil rally
(Montel) European gas prices rose across the board on Friday amid lower Russian flows, while a spike…
Read moreNordic spot power eyes 10-15% drop in January
(Montel) Nordic spot power prices could drop around 10-15% towards EUR 30/MWh on average this month amid…
Read moreNordic front-quarter power nears 2-year low on wet outlook
(Montel) The February contract fell for an eighth consecutive session on Friday, while the front quarter hit…
Read moreUK regulator fines energy firms for power cut
(Montel) UK regulator Ofgem has fined the operator of the world’s largest offshore windfarm, Hornsea One, Germany’s…
Read moreGermany to see mild weather until February
(Montel) German temperatures look set to remain above the seasonal average until February, with exceptionally mild conditions next…
Read moreGerman front-week power jumps 6% on lower wind outlook
(Montel) German front-week power rose almost EUR 2 on Friday morning, opening a premium of more than EUR…
Read moreAustrian government targets carbon neutrality by 2040
(Montel) Austria should become carbon neutral by 2040 – 10 years earlier than previously planned – the incoming…
Read moreOil prices jump USD 2 after US airstrike on Iran military
(Montel) Oil prices jumped nearly USD 2 – their highest daily gain in about a month – on…
Read moreCarbon slumps to 2-week low amid muted demand
(Montel) European carbon prices slipped to a two-week low on Thursday as forecasts for milder weather curbed…
Read moreOPD connects 100 MW of Spanish solar capacity
(Montel) Spanish renewables firm OPD Energy has connected to the grid 100 MW of solar capacity from…
Read moreCoal faces lacklustre January demand
(Montel) European coal prices are unlikely to gain much ground this month amid abundant coal and gas…
Read moreGerman front-week power drops 5% on robust wind output
(Montel) The German front-week power contract shed 4.9% on Thursday as forecasts called for wind power generation to…
Read moreUK front-month gas prices rebound from 3-month low
(Montel) UK gas prices for delivery next month rose on Thursday, bouncing back from a three-month low reached…
Read moreGerman renewables growth in net output highest since 2002
(Montel) Renewable sources accounted for 46% of German net electricity production in 2019, up six percentage points…
Read moreEuropean port coal stocks 30% higher in 2019
(Montel) Coal inventories at key northwest European dry bulk terminals averaged 6.77m tonnes in 2019, nearly 30%…
Read moreSpain’s gas use rises to highest in nine years
(Montel) Spanish gas use jumped 14% last year to a nine-year high of 398.2 TWh, as demand…
Read moreSpanish coal-fired output hit record low in 2019
(Montel) Spanish coal-fired power production slumped to a record low last year amid sustained fuel switching to gas,…
Read moreNordic Q2 power dives to near 17-month low on wet weather
(Montel) Nordic power futures slumped to fresh multi-month lows on Thursday, driven by forecasts for wet, mild and…
Read moreNordic power output drops 2.4% in 2019
(Montel) Nordic power generation fell by 9.7 TWh year on year to 387.8 TWh in 2019, according to…
Read moreFrench unions at EDF call for strike on 9 January
(Montel) French unions at utility EDF have called on workers to join a nationwide strike in France…
Read moreRussian coal exports fall to 5-month low in November
(Montel) Russian coal exports in November fell to a five-month low amid lacklustre demand from key European…
Read moreBrent crude rises on trade talk optimism
(Montel) Brent crude oil prices rose on the first trading day of 2020 as rising optimism of a…
Read moreGerman spot power set for 22% plunge as wind output doubles
(Montel) German day-ahead power prices for Friday look set to drop over EUR 8 amid a change in…
Read moreUK's zero-carbon power surpasses fossil fuels for first time
(Montel) The UK generated more energy from zero-carbon sources than fossil fuels for the first time since the…
Read moreDenmark sets world record for wind power share
(Montel) Danish wind mills produced a record 16 TWh last year, meeting 46.9% of domestic supply –…
Read moreNord Pool to launch power derivatives contracts – Euronext
(Montel) Nordic power exchange Nord Pool plans to launch financial power derivative contracts, the CEO of its new…
Read moreGermany adds 360 MW solar, wind in November
(Montel) Germany added 271 MW of new solar capacity in November, while wind growth slumped 33%, latest data…
Read moreUkraine, Russia sign full gas transit deal
(Montel) Ukraine's Naftogaz and Russia's Gazprom signed a five-year gas transit agreement late on Monday, ending five…
Read moreCarbon falls 5% amid thin trading
(Montel) Benchmark carbon prices fell as much as 5% on Monday amid thin end-of-year trading volumes that…
Read moreUkraine, Russia edge closer to full transit deal – Naftogaz
(Montel) Ukraine's Naftogaz and Russia's Gazprom have edged closer to a wider gas transit agreement to take…
Read moreGerman January power plunges 3% on mild, windy forecasts
(Montel) German baseload power for January fell over 3% on Monday to a fresh contract-low after forecasts showed…
Read moreVattenfall stops 852 MW Ringhals 2 as nuclear debate hots up
(Montel) Swedish utility Vattenfall has disconnected the 852 MW Ringhals 2 reactor from the grid, marking the…
Read moreSpanish spot power to jump on reduced renewable output
(Montel) Spanish spot power prices looked poised to jump this week as the country eyed increased demand and…
Read moreFront-month gas contracts ease to or near 3-month lows
(Montel) European front-month gas contracts declined on Monday amid forecasts for relatively mild temperatures and comfortable gas…
Read moreGermany’s CDU warms to closer ETS with China – report
(Montel) A senior member of Germany’s Christian Democrats (CDU) has embraced linking Europe’s emissions trading scheme with…
Read moreGazprom sells 70mcm of gas in latest auction
(Montel) Russian gas giant Gazprom sold 70mcm of natural gas via its electronic sales platform in its latest…
Read moreNordic Q1 power hits 18-month low on wet, mild outlook
(Montel) Nordic power futures fell across the board on Monday morning, with the Q1 contract hitting an 18-month…
Read moreGerman spot power eyes EUR 3 gain as wind, solar output drop
(Montel) German day-ahead power prices rose over EUR 3 on Monday morning as an expected 25% drop in…
Read moreBrent crude extends 3-month high amid year-end rally
(Montel) Brent crude oil prices hit a fresh three-month high early on Monday, extending gains for the fourth…
Read moreEND OF DAY – CO2, coal rise on colder outlook
(Montel) European carbon and coal prices gained on Friday as a colder outlook and lower wind expectations for…
Read moreEU approves EUR 5m funding for Lithuania-Latvia gas pipeline
(Montel) The European Commission has approved EUR 5m in funding for a project to enhance the capacity of…
Read moreCarbon market awaits clarity on UK auctions
(Montel) Carbon prices are likely to trade range-bound as many traders will be absent ahead of the New…
Read moreGermany earns record EUR 3.2bn from EUA auctions in 2019
(Montel) Germany earned a record high EUR 3.16bn from auctioning EUAs this year, compared to EUR 2.58bn in…
Read moreGas firms on colder weather, less wind
(Montel) European front-month gas prices rose on Friday on the back of forecasts of lower temperatures and…
Read moreHalt in German wind build adds EUR 2 to power price – study
(Montel) A backlog affecting 11 GW of new onshore wind capacity will effectively add EUR 2 to power…
Read moreNordic Q1 power dives to 15-month low on wet, mild outlook
(Montel) Nordic power futures slid across the board on Friday morning, with the Q1 contract hitting a 15-month…
Read moreEDF replaces “faulty” parts at Penly 2, probing other units
(Montel) EDF has replaced 28 “potentially faulty electrical components” at its Penly 2 (1,330 MW) nuclear reactor after…
Read morePoland to reinstate power trade with Slovakia on 29 Jan
(Montel) Poland will reinstate cross-border power trade with its southern neighbour Slovakia from 29 January after both countries…
Read moreDutch TSO takes step to hasten Groningen phase-out
(Montel) Dutch TSO Gasunie Transport Services (GTS) has increased conversion capacity to high-calorific gas in a step…
Read moreRussia vows to complete Nord Stream 2 next year – report
(Montel) The remaining sections of Russia’s Nord Stream 2 gas pipeline to Germany would be completed next year…
Read moreOil hits fresh 3-month high on falling US stocks, trade deal
(Montel) Oil prices hit a fresh three-month high on Friday amid indications of a big fall in weekly…
Read moreGermany to turn milder next week – Ubimet
(Montel) Temperatures in Germany will gradually turn milder next week amid up to 25 GW of wind output,…
Read moreEuropean LNG imports hit record 100bcm
(Montel) European LNG imports have reached 100bcm, blowing out earlier records, with “a couple of Christmas cargoes”…
Read moreUK-Denmark power link still viable despite Brexit – TSO
(Montel) The UK’s pending exit from the EU will not undermine the business case for the planned 1.4…
Read moreRWE buys 382 MW UK gas plant from Centrica for GBP 105m
(Montel) German utility RWE has bought a 382 MW gas-fired plant based in southwest England from UK rival…
Read moreNordic power futures hit 2-week low on mild outlook
(Montel) Nordic power futures fell on Monday morning to their lowest point in a fortnight as forecasts confirmed…
Read moreUS Nord Stream 2 sanctions “serious interference” – Germany
(Montel) US sanctions against the Nord Stream 2 gas pipeline, designed to transit supplies from Russia to Germany,…
Read moreGerman spot power to rise on lower wind power output
(Montel) German day-ahead power prices rose on Monday morning amid an expected drop in wind power generation. …
Read moreDutch ministry targets 28% cross-border capacity by 2021
(Montel) The Netherlands will aim to make 28% of cross-border power capacity available for trading on its…
Read moreOil softens but optimism remains amid US-China trade deal
(Montel) Oil prices fell on Monday after a week of gains but market optimism remained as US president…
Read moreRussia, Ukraine sign new gas transit agreement
(Montel) Russian energy firm Gazprom and Ukraine’s Naftogaz have signed new agreement for gas transit supplies to…
Read moreCoal dives to new multi-year lows
(Montel) European front-year coal prices fell to fresh multi-year lows in Friday trading as lower gas prices…
Read moreStatkraft, Solaria sign 252 MW solar PPA in Spain
(Montel) Norway’s Stakraft signed a 10-year power purchase agreement (PPA) with Spanish solar firm Solaria for the…
Read moreSpanish spot power hits 5-year low amid high green output
(Montel) Spanish spot power for Saturday delivery out-turned at a five-year low of EUR 2.53/MWh amid weak demand…
Read moreCO2 prices likely to be becalmed in holiday week
(Montel) Prices for EUAs are likely to stabilise during the holiday week as many traders are expected to…
Read moreGermany to see mixed weather outlook for January
(Montel) German temperatures in January should fall back closer to normal, though forecasters saw conflicting signals in…
Read moreGas prices slide on preliminary transit deal
(Montel) European gas prices slid on Thursday on a preliminary transit deal between Russia and Ukraine, with…
Read moreNordic power curve falls on weaker German prices
(Montel) Nordic power futures fell on Friday morning amid lower equivalent German prices, which were reacting to a…
Read moreNorway drops controversial hydropower tax
(Montel) Norway’s centre-right government will drop a tax proposal that threatened several operators of small-scale hydropower plants with…
Read moreGerman spot power eyes EUR 6 drop amid low Christmas demand
(Montel) German spot power prices looked set jump drop about EUR 6, or 19%, next week, as the…
Read moreOil trades at 3-month high on easing US-China tensions
(Montel) Brent crude oil prices are trading at three-months highs on Friday amid optimism over a US-China…
Read moreGermany set for chilly Christmas – Ubimet
(Montel) Germany will a turn cooler next week, with wind output of around 15 GW and limited solar…
Read moreGerman TSOs eye 11.5% capacity for E Europe borders in 2020
(Montel) Germany’s four TSOs said on Thursday they aim to make 11.5% of cross-border power capacity available for…
Read moreRussia, Ukraine agree new gas transit deal "in principle"
(Montel) Russia’s Gazprom and Ukrainian energy firm Naftogaz have agreed a new gas transit agreement for Russian…
Read moreNear-term gas volatile on Russia-Ukraine talks
(Montel) Near-term European gas prices were volatile on Thursday afternoon amid the pending Russia-Ukraine transit talks, while…
Read moreAsian coal gains, though outlook remains weak
(Montel) Benchmark Asia-Pacific coal prices rose marginally in the week through to Thursday as support from winter…
Read moreGerman Cal 20 power falls amid lower coal, gas prices
(Montel) The German front-year contract declined on the back of lower coal and gas prices on Thursday.…
Read moreLower French nuclear availability not a supply risk – TSO
(Montel) French TSO RTE is “confident” margins are sufficient to avoid a power supply risk in January and…
Read moreUK coal imports plunge 30% in Jan-Oct
(Montel) UK coal imports plunged nearly 30% year on year in the first 10 months of 2019,…
Read moreNordic power curve trades sideways on mild outlook
(Montel) Nordic power futures traded sideways amid largely unchanged fundamentals on Thursday, with traders continuing to price in…
Read moreGerman energy sector emissions dive 16% this year
(Montel) Carbon emissions from Germany’s energy industry fell 16%, or 51m tonnes, this year amid a rise in…
Read moreTVO delays Olkiluoto 3 (1.6 GW) start-up to March 2021
(Montel) Finnish nuclear operator TVO has delayed the start-up of its new 1.6 GW Olkiluoto 3 reactor by…
Read moreFrench reservoir stocks to hit 5-year high over Christmas
(Montel) French hydropower reservoir levels are set to hit a five-year high for the time of year of…
Read moreNord Stream 2 contractor receives sanctions warning
(Montel) A contractor for Russia’s contested Nord Stream 2 pipeline to Germany has received a warning of…
Read moreOil edges up on fall in US crude stocks
(Montel) Oil prices rose a touch early on Thursday on fall in US crude inventories.…
Read moreGerman spot power to fall 15% on mild, windy conditions
(Montel) German day-ahead power prices look set to drop over EUR 5 on Thursday as wind generation increases…
Read moreGerman hard coal use hits record low this year
(Montel) The German use of hard coal plummeted almost 21% this year to a record low of 1,134…
Read moreGerman Xmas week power gains 8% on less wind, cold
(Montel) The German front-week contract gained 8% on Wednesday as forecasts showed colder and less windy weather…
Read moreEU spot gas slides on mild weather, strong supply
(Montel) European spot gas prices dropped on Wednesday amid mild weather ahead and strong supply.…
Read moreNordic front power softens in sluggish market
(Montel) The front of the Nordic power curve was trading marginally lower on Wednesday despite a slightly drier…
Read moreFrench strike cuts power capacity by 2.6 GW
(Montel) A strike is cutting France’s power capacity by 2,635 MW on Wednesday morning, of which 1,245…
Read moreOil falls on expected rise in US crude inventories
(Montel) Oil prices retreated on Wednesday amid an expected rise in US crude inventories, though the US-China trade…
Read moreNord Stream 2 sanctions move closer as Senate passes bill
(Montel) The US Senate passed a bill on Tuesday set to impose sanctions on the Nord Stream 2…
Read moreFrench power strike “likely” to continue to Thurs – update
(Montel) France could experience strikes in the power sector until Thursday at 21:00 CET, EDF warned on…
Read moreGerman power rises on firm fuels, potential cold snap
(Montel) German power prices have risen across the board on Tuesday amid firm fuel prices and a chance…
Read moreCurve gas prices tick higher
(Montel) Benchmark European and UK gas prices climbed off recent lows on Tuesday, though the market remained…
Read moreNordic Elcerts hit 3-month low on political uncertainty
(Montel) Nordic Elcert contracts have hit three-month lows this week amid a combination of wet weather and political…
Read moreNordic front power edges down on mild forecasts
(Montel) Nordic power futures close to delivery edged down on Tuesday morning on the back of milder forecasts,…
Read moreGlobal coal demand flat until mid-2020s – IEA
(Montel) Global coal demand is expected to remain broadly stable over the next five years, underpinned by…
Read moreGerman spot power rises on declining wind
(Montel) German day-ahead power prices were set to rise on expectations of less wind on Tuesday, though…
Read moreNations set to go it alone after UN CO2 market talks crash
(Montel) Nations are set to move ahead with their own plans to develop national and multinational carbon markets,…
Read moreCO2 benchmark eyes expiry above EUR 24.50/t
(Montel) The benchmark Dec 19 EUA contract looked set to expire above EUR 24.50/t on Monday as…
Read moreGerman cabinet delays signing off on coal exit bill to 2020
(Montel) Germany’s cabinet has postponed approval of its proposed coal exit bill until early next year, opposed…
Read moreFirst LNG vessel leaves US Elba Island terminal
(Montel) The first fully-loaded LNG vessel has left Kinder Morgan’s Elba Island LNG export terminal in the…
Read moreCOAL OUTLOOK – Prices revisit three-year lows
(Montel) European front-year coal prices revisited Friday’s three-year low in early Monday trading, with bearish gas and…
Read moreChina-Russia pipeline poses little threat to LNG – WoodMac
(Montel) The opening of a large gas pipeline between Russia and China earlier this month poses little…
Read moreGermany agrees to raise ETS starting price to EUR 25/t
(Montel) Germany’s national emission trading scheme will start at EUR 25/t in 2021, instead of EUR 10/t, under…
Read moreGerman spot power to drop 6% on stronger wind
(Montel) German day-ahead power prices weakened on Monday morning due to a forecast rise in wind power generation.…
Read moreCoal to biomass conversions to see massive emissions – NGO
(Montel) The planned conversion of coal-fired plants to biomass across Europe will lead to 67m tonnes of CO2…
Read moreOil prices range-bound despite trade deal agreement
(Montel) Oil prices remained range-bound on Monday despite the US and China agreeing a trade deal, with some…
Read moreEDF launches nuclear plan amid concern over new reactors
(Montel) French utility EDF launched a nuclear plan on Friday aimed at shoring up the faltering sector…
Read moreEnea plans 5-fold rise in renewables output by 2025
(Montel) Polish utility Enea wants to increase the proportion of renewables output in its power production from 4%…
Read moreBig Conservative UK election win means energy status quo
(Montel) The Conservatives have won the UK general election in a resounding victory on Friday, returning prime minister…
Read moreGerman spot power to jump EUR 5 next week as wind dwindles
(Montel) German spot power prices looked set jump around EUR 5, or 16%, next week, bouncing back from…
Read moreGermany to turn mild, less windy next week – Ubimet
(Montel) Germany will see a sharp drop in wind output to below 15 GW next week and little…
Read moreGermany slams US sanctions against Nord Stream 2
(Montel) Germany has hit back at the US Congress over its decision to impose sanctions on the Nord…
Read moreMFT Energy starts gas trading, plans further expansion
(Montel) Danish trading house MFT Energy has launched its own natural gas trading activities with further plans to…
Read moreTTF gas front year bounces back from 3.5-year low
(Montel) European gas prices were firmer in Thursday afternoon trading, with the TTF front year recovering from a…
Read moreGerman power front year rebounds from fresh 18-month low
(Montel) The German front year baseload power contract rebounded from a fresh 18-month low on Thursday on…
Read moreASN gives EDF March deadline to assess quake defences
(Montel) France’s Nuclear Safety Authority (ASN) has given EDF until March 2020 to assess safety thresholds at…
Read moreSpain's Naturgy looks to spin off LNG business – sources
(Montel) Spanish energy firm Naturgy is looking to spin off its LNG business, one Europe’s biggest, that could…
Read moreRussia loosens coal export restrictions to Ukraine
(Montel) Russia is loosening restrictions on coal exports to Ukraine, following a meeting between the countries’ leaders,…
Read moreAxpo seeks PPA edge with machine-learning project
(Montel) Swiss utility Axpo believes insight from a machine-learning project analysing renewables output will also provide it with…
Read moreNordic curve falls amid mild outlook until year end
(Montel) Nordic power contracts were falling on Thursday morning as weather forecasts remained mild for the rest of…
Read moreIEA sees global oil surplus of 0.7m bbl/day in Q1
(Montel) The global oil market looked set to be in surplus of around 0.7m bbl/day in the…
Read moreEVN’s trading unit posts EUR 97m full-year loss
(Montel) Austrian utility EVN posted a EUR 97.2m loss in earnings before interest and tax (Ebit) for its…
Read moreIberdrola aims for zero emissions in Europe by 2030 – CEO
(Montel) Spanish utility Iberdrola wants to reduce its emissions in Europe to "virtually zero" by 2030, CEO Ignacio…
Read moreGerman spot power eyes 22% drop as wind output to climb
(Montel) German day-ahead power prices looked set to drop almost EUR 10 on Thursday as wind generation could…
Read moreUS House approves Nord Stream 2 sanctions
(Montel) The US House of Representatives has passed a defence bill that contains sanctions targeting Russia’s Nord…
Read moreGreen deal to have “huge” impact on climate policy – EC
(Montel) The European Commission’s climate policy overhaul to become carbon neutral by 2050 stood poised to revamp…
Read moreNear-term coal, gas fall on mild, windy outlook
(Montel) Near-term European coal and gas prices fell on Wednesday as mild, windy weather was set to limit…
Read moreEC to decide 2030 climate target in June
(Montel) The European Commission will decide how steeply to sharpen the bloc’s emissions reductions through to 2030…
Read moreGerman weekend power drops as wind output set to surge
(Montel) German weekend power prices dropped nearly 20% on Wednesday amid an expected surge in wind power output.…
Read more“Green deal” to make Europe carbon neutral by 2050 – EC
(Montel) The European Commission on Wednesday announced plans to become carbon neutral by mid-century under a “green…
Read moreGas prices fall on robust supply, transit deal optimism
(Montel) European gas contracts fell across the board on Tuesday amid plentiful supply and optimism that Russia…
Read moreNordic power front futures correct up amid drier outlook
(Montel) Nordic power front futures nudged up on Wednesday as some weather forecasts indicated drier conditions for…
Read moreFrench union urges more power strikes on Thurs, 17 Dec
(Montel) France’s biggest energy trade union – the FNME-CGT – has called on workers to join nationwide strikes…
Read morePutin urges Gazprom to agree gas transit deal by year end
(Montel) Russian president Vladimir Putin has urged Gazprom negotiators to finalise the details of a new long-term…
Read moreEIA revises down 2019 US coal export outlook 2.5%
(Montel) US thermal coal exports will likely total 38.6m short tons (35m metric tonnes) in 2019, down…
Read moreOil prices sag as US-China trade war dents sentiment
(Montel) Oil prices drifted down in early Wednesday trading amid concerns that the US-China trade war could drag…
Read moreGerman spot power set to rise 15% amid lower wind levels
(Montel) German day-ahead power prices looked set to rise around EUR 6 on Wednesday amid an expected drop…
Read moreAxpo’s trading earnings rise 40% to EUR 296m in 2018-19
(Montel) Swiss utility Axpo's trading business saw "the best result in its history" in its financial year…
Read moreCoal and gas futures plumb 3-year lows
(Montel) European gas and coal futures prices dropped to three-year lows on Tuesday amid plentiful supply and…
Read moreGermany to offer 20% CWE cross-border capacity in 2020
(Montel) Germany will offer at least 20% of cross-border capacity for trading on its western and Austrian borders…
Read moreNetherlands to close coal-fired capacity by 2030
(Montel) The Netherlands will close its 4.8 GW of coal-fired capacity by 2030, amid efforts to meet…
Read moreKey Russian coal hub to EU sees 21% rise in exports
(Montel) Russia’s largest terminal for coal exports to Europe shipped 21% more coal in the first eleven…
Read moreFrance remains EU’s biggest net power exporter – report
(Montel) France is on track to keep its title as the EU’s biggest net power exporter this…
Read moreEuropean port coal stocks decline to 9-month low
(Montel) Coal inventories at northwest European dry bulk terminals have hit nine-month lows amid an upturn in…
Read moreUS sanctions on Nord Stream 2 edge closer
(Montel) The US has taken a step closer to passing sanctions that would target Russia’s Nord Stream…
Read morePoland faces power supply squeeze after 2025 – TSO
(Montel) Poland’s power market will face a supply squeeze from 2025, when a tightening of EU rules on…
Read moreRTE urges 6-month delay to 70% cross-border implementation
(Montel) French TSO RTE has urged the delay by six months of the implementation of an EU…
Read moreGas contracts hit fresh lows on Ukraine-Russia talks
(Montel) European gas prices hit fresh multi-year lows on Tuesday amid optimism about gas transit talks between…
Read moreLaunch of Texas project swells Europe's LNG glut
(Montel) The Freeport LNG project in Texas has begun commercial operations, swelling an already well-supplied market in…
Read moreEuronext eyes continental growth for Nord Pool
(Montel) Pan-European stock market operator Euronext said its commercial reach could help Nord Pool get a stronger market…
Read moreNordic power curve edges down on mild, wet outlook
(Montel) Nordic power futures slumped in early Tuesday trading as forecasts called for wet and mild weather ahead.…
Read moreFrench strike cuts power output by 5.1 GW
(Montel) A French strike on Tuesday was cutting power output in the country by 5.1 GW, affecting four…
Read more1.4 GW Norway-Scotland interconnector is viable – regulator
(Montel) A mooted 1.4 GW electricity interconnector between Norway and Scotland would be profitable, Norwegian energy regulator NVE…
Read moreEU rubber stamps ETS tie-up with Switzerland from 1 Jan
(Montel) The EU’s ETS carbon trading scheme will be linked to its Swiss equivalent from 1 January, after…
Read moreUK’s Drax plant aims to be “carbon negative” by 2030
(Montel) UK independent generator Drax reckons it could become “carbon negative” by 2030 by using capture and…
Read moreOil slips amid global trade uncertainties
(Montel) Oil was falling on Tuesday with the market cautious amid global trade uncertainties with a 15 December…
Read moreEUAs rebound on German cancellation plans
(Montel) Europe’s benchmark carbon price rose to its highest in more than a week on Monday, reversing early…
Read moreGermany set to cancel up to 250m EUAs by 2030 – analysts
(Montel) Germany may cancel up to 250m EUAs over the next decade in step with its plans to…
Read moreGerman power front year tumbles to 18-month low
(Montel) Germany’s benchmark power price tumbled to an 18-month low on Monday as the cost of fuels…
Read moreSpanish spot set to dive EUR 5 on high wind output
(Montel) Spanish spot power prices were set to drop around EUR 5 week on week due to…
Read moreCoal prices set to extend fresh 3-year lows
(Montel) European front-year coal prices have slipped to fresh three-year lows as abundant supply and weak regional…
Read moreGas contracts hit multi-year lows on mild outlook
(Montel) The Dutch and UK front-month contracts on Monday fell to fresh multi-year lows, taking cues from…
Read moreGermany to cancel surplus EUAs amid coal exit
(Montel) Germany plans to cancel surplus emissions allowances (EUAs) generated by closing coal-fired power plants as part…
Read moreNordic Q1 power hits 9-week low on wet outlook, weak fuels
(Montel) The Nordic Q1 contract hit a fresh nine-week low on Monday of EUR 39.90/MWh amid a bearish…
Read moreChina’s coal imports slide to 9-month low
(Montel) China’s coal imports in November fell to their lowest in nine months, at 693,000t/day (20.8m tonnes),…
Read moreFrench nuclear generation drops 11% in November
(Montel) French nuclear power generation in November dropped 10.9% year on year to 29.1 TWh, due to “a…
Read moreEpex to launch products allowing balancing after delivery
(Montel) Paris-based power exchange Epex Spot will start offering products on the Belgian and Dutch power markets…
Read moreGerman spot power could double as wind output plunges
(Montel) German day-ahead power prices looked set to almost double day on day amid a steeper drop in…
Read moreOil prices slip following Friday's rally
(Montel) Oil prices fell in early Monday trading following a rally late last week as Saudi Arabia pledge…
Read moreDanish parties agree to climate law with 70% emissions cut
(Montel) A large majority of parties in the Danish parliament will push through a climate law that will…
Read moreFrench unions call for further strike action on Tuesday
(Montel) EDF’s main energy workers’ union – the FNME-CGT – and other workers’ organisations on Friday urged…
Read moreCoal slides to 3-year low as demand wanes
(Montel) European coal for delivery next year declined to a three-year low on Friday amid weak demand due…
Read moreOpec, allies agree to deepen output cut
(Montel) Opec and its allies led by Russia agreed on Friday to deepen their existing production cut by…
Read moreGerman Cal 20 extends 16-month low
(Montel) German power for delivery next year dropped to a fresh 16-month low on Friday amid flagging prompt…
Read moreEUAs to hover near EUR 25/t next week
(Montel) Europe’s benchmark carbon price is likely to hover near EUR 25/t for much of the coming week,…
Read moreGas spot prices hit 1-month low on mild spell
(Montel) The Dutch and UK day-ahead contracts for Monday fell to a four-week low, pressured by unseasonably…
Read moreGerman forecasters not dreaming of a white Christmas
(Montel) A stream of mild air from the Atlantic looks set to keep German temperatures above average until…
Read moreNordic Q1 power hits 7-week low on mild forecasts
(Montel) Nordic power prices fell across the board amid milder weather forecasts on Friday, with the Q1 hitting…
Read moreSPD aims to vote for German coal exit by 2035
(Montel) Delegates at the convention of Germany’s Social Democrats (SPD) will vote on a motion which aims to…
Read moreGermany to see 40 GW wind early next week – Ubimet
(Montel) Stormy conditions in Germany next week could push wind generation up to 40 GW on Monday and…
Read moreOil prices drift down as Opec, allies mull deeper output cut
(Montel) Oil prices crept down in early Friday trading, as Opec and its allies are considering deeper production…
Read moreGermany to Austria power capacity auction clears at EUR 2.65
(Montel) Germany’s second annual auction for 2.9 GW of cross-border capacity to Austria settled at EUR 2.65/MWh, down…
Read moreCoal continues slide on tepid demand
(Montel) European coal prices declined for a fourth consecutive day on Thursday amid tepid demand as low gas…
Read moreIndonesia’s December coal price flat on muted demand
(Montel) Indonesia's energy ministry has set its December coal reference price at USD 66.30/t, virtually unchanged against…
Read moreGerman power plunges on mild, windy outlook
(Montel) German power contracts plunged on Thursday, with the Sunday contract dropping 46%, as forecasts called for milder…
Read moreCarbon prices may exceed EUR 30/t next year – UBS
(Montel) European carbon prices have room to rise above EUR 30/t next year mostly based on psychology more…
Read moreGas spot continues slide on oversupply
(Montel) European gas spot prices fell for a fourth consecutive day on Thursday amid subdued demand, paired…
Read moreEndesa connects 75 MW of wind power in Spain
(Montel) Spanish utility Endesa has connected two onshore wind farms totaling 75 MW in the northeastern part…
Read morePacific basin coal prices slip amid slowing demand
(Montel) Asia-Pacific benchmark coal prices remain under pressure as sufficient inventory levels, government efforts to curb emissions…
Read moreNordic futures extend losses on wet, windy weather
(Montel) Nordic power futures extended the previous day’s losses on Thursday as fresh weather forecasts showed relatively wet,…
Read moreFrench strike cuts power output by 1.8 GW
(Montel) A French strike cut the nation’s power output by 1,609 MW on Thursday, as 955 MW of…
Read moreAnalysts raise Nordic price expectations for 2025
(Montel) Market analyst polled by Montel have raised their overall price forecast for 2025 Nordic spot power by…
Read moreOil prices soften ahead of Opec summit
(Montel) Oil prices traded a shade down early on Thursday, as Opec officials gather in Vienna to decide…
Read moreEuronext to buy majority stake in Nord Pool
(Montel) Euronext said on Thursday it will buy a 66% stake in Nordic power exchange Nord Pool…
Read moreBP to supply Amazon with 170 MW renewables in Sweden, Spain
(Montel) Energy giant BP will supply Amazon’s web services unit with more than 170 MW of electricity supplied…
Read moreFrench strike to hit nuclear, hydro, coal output from 21:00
(Montel) A general strike regarding pensions reforms in France will affect nuclear, hydropower and coal output from…
Read moreGermany’s CDU/CSU still expects coal exit bill by Christmas
(Montel) German chancellor Angela Merkel’s Christian Union (CDU/CSU) still expects to negotiate a coal exit bill that…
Read moreGerman power front year claws back from 16-month low
(Montel) German front-year power traded unchanged in midday trading on Wednesday, clawing back from a 16-month low reached…
Read moreGas prices fall on higher wind forecasts, milder outlook
(Montel) European gas prices fell on Wednesday amid forecasts of higher wind power output and milder temperatures.…
Read moreCredit Mutuel signs 25-year solar PPA with Voltalia
(Montel) French bank Credit Mutuel has signed a 25-year power purchase agreement (PPA) to buy the 10…
Read moreRussia-Ukraine may reach gas deal next week – sources
(Montel) There is growing optimism Russia and Ukraine may sign a new gas transit agreement by mid-December,…
Read moreStatkraft signs 12-year PPA for 0.6 TWh German solar output
(Montel) Statkraft has signed a 12-year power purchase agreement (PPA) to receive 600 GWh generated from five solar…
Read moreEDF mulls moving spot power trading desk to London
(Montel) French utility EDF is considering transferring its day-ahead power trading desk from Paris to its global…
Read moreEDF boss urges new nuclear plants
(Montel) Europe's largest nuclear power generator, EDF, has called on the French government to build new nuclear…
Read moreAnalysts slash 2020 coal price outlook by 6%
(Montel) Benchmark Newcastle coal prices may average USD 68.10/t next year, down 5.8% – or USD 4.20…
Read moreNordic contracts fall on sliding German power, fuels
(Montel) Nordic power contracts near delivery were tracing the German market down on Wednesday, however the fall was…
Read moreGerman spot power falls amid forecasts for more wind output
(Montel) German day-ahead power prices fell on Thursday morning as forecasters tipped wind output to climb, though…
Read moreOil prices firm as market expects Opec output curb extension
(Montel) Oil prices rose in early Wednesday trading, as market participants expect major oil producers meeting later this…
Read moreGlencore revises 2019 coal output forecast down 3%
(Montel) Glencore has revised down its 2019 coal production forecast by 5m tonnes to around 140m tonnes,…
Read moreOrsted signs world’s biggest offshore wind PPA
(Montel) Orsted has signed the world’s biggest power purchase agreement (PPA) to sell electricity from its planned…
Read moreMeteorologists' confidence in a winter cold spell grows
(Montel) Europe and northeast Asia show signs of becoming colder than normal from January, meteorologists have told…
Read moreGermany delays vote on coal law until after SPD congress
(Montel) Germany's cabinet has deferred consideration of a proposed coal exit law until beyond a Social Democrat…
Read moreCoal slides on weak gas, strong supply
(Montel) Atlantic basin coal prices slipped lower in Tuesday trading in line with weaker competing gas prices…
Read moreTSO boss “confident” France will avoid winter supply crunch
(Montel) French TSO RTE boss Francois Brottes is confident the country will avoid a power supply crunch…
Read moreChallenge will not derail Nord Stream 2 – authority
(Montel) The emergence of a challenge to plans approved by Denmark in October for Gazprom’s construction of…
Read moreGerman power front week slumps on windy, mild outlook
(Montel) German power for delivery next week declined on Tuesday amid expectations of higher-than-normal wind power generation and…
Read moreNo need for reserve capacity next winter – Belgian TSO
(Montel) There is no need for reserve capacity next winter to guarantee supply security under a base…
Read moreRussia’s Suek boosts far east coal exports
(Montel) Russia’s largest coal producer Suek shipped a record 2m tonnes from its far-eastern dry bulk terminal…
Read moreRepsol to add 3 GW renewable capacity by 2025
(Montel) Spanish energy company Repsol will add 3 GW of renewable power capacity by 2025, with 1.6…
Read moreGas contracts fall on healthy supply, milder outlook
(Montel) European gas contracts fell across the board on Tuesday amid high LNG and pipeline supply, as…
Read moreNordic power curve rises on colder, drier outlook
(Montel) Nordic power is rising on the back of colder and drier long-term weather forecasts on Tuesday.…
Read moreAmazon to build 149 MW solar plant in Spain
(Montel) Amazon will build a 149 MW solar plant in Andalusia, the online retail giant’s first power…
Read moreGerman spot power set to slide EUR 2 amid strong solar
(Montel) German day-ahead power prices looked set to drop almost EUR 2 day on day with peak solar…
Read moreOil continues to gain on reports Opec may deepen cuts
(Montel) Oil rose for the consecutive session on Tuesday amid reports Opec may deepen its supply cut programme…
Read moreGas curve crumbles under supply pressure
(Montel) Forward gas prices slumped on Monday under the weight of growing volumes of supply that were…
Read moreGermany, Austria extend balancing market cooperation
(Montel) German and Austrian TSOs plan to provide a common system for the tertiary balancing market from 4…
Read moreHydrological deficit to buoy Nordic spot this month
(Montel) Nordic spot power prices this month will likely average similar to the November level, holding above the…
Read moreMorgan Stanley sees CO2 peaking at EUR 37/t in 2022
(Montel) European carbon prices are likely to peak at EUR 37/t in 2022 as plans to close coal…
Read moreQ1 gas contracts hit new lows on mild outlook
(Montel) European gas prices for the first quarter hit fresh contract lows on Monday as forecasts for mild…
Read moreFrench single market boosts gas transit capacity 42% – TSO
(Montel) The creation of a single gas market in France has boosted domestic gas transit capacity from…
Read moreCarbon eyes December gains as supply tightens
(Montel) Carbon prices should drift higher in December, especially over the latter half of the month, owing…
Read moreCoal slips to 2-week low amid tepid demand
(Montel) European coal prices fell to two-week lows in early Monday trading, with tepid demand, ample supply…
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